Health Savings Account maximums announced for 2017

Health Savings Account maximums announced for 2017 The 2017 health savings account contribution limits for 2017, recently announced by the IRS, will increase for individual-only coverage, from $3,350 this year to $3,400 on January 1, 2017. The maximum will remain unchanged for families (defined as one or more additional people), at $6,750. All other deductible […]

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Responding to customers when recall parts arent available

Responding to customers when recall parts arenêt available Many dealers have been discussing how to respond to customers whose vehicles have been recalled when the parts are not yet available from the manufacturer. That is the case for many dealers, including many in the Washington area. One problem is that the delays in getting parts […]

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Teslas ongoing quest to sell its cars without dealers

Teslaês ongoing quest to sell its cars without dealers Longtime automotive writer Joann Muller had an interesting column on Forbes.com recently about the difficulty Tesla is likely to encounter meeting its ambitious sales goals without using franchised dealers. Tesla CEO Elon Musk recently told investors during a conference call that the company plans to produce […]

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Dealers do best of any industry in Internet lead follow-up

Dealers do best of any industry in Internet lead follow-up Auto dealers did better than other industries in Internet lead follow-up, a study by lead-engagement software firm Conversica shows. More than 95 percent of dealers who responded to an Internet lead did so within 24 hours. But 25 percent of dealers in the study did […]

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CFPB looks to ban arbitration clauses that prohibit class action suits; final rule likely next year

CFPB looks to ban arbitration clauses that prohibit class action suits; final rule likely next year The Consumer Financial Protection Bureau (CFPB) has issued a proposed rule that would bar consumer contracts like those from vehicle sales from requiring dispute resolution by arbitration instead of going to court. At this point, the rule looks likely […]

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Takata airbag recall doubled; parts shortage persists

Takata airbag recall doubled; parts shortage persists NHTSA has expanded the number of cars with defective airbags that must be recalled by 35 to 40 million, as NHTSA Administrator Mark Rosekind urged consumers to stay in touch with their dealer. Replacement of the 28.8 million airbag inflators previously recalled has been slowed because of a […]

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Maryland MVA Bulletin to dealers on trade-ins and registration fees

Maryland MVA Bulletin to dealers on trade-ins and registration fees The following alerts came from the Maryland Motor Vehicle Administration to dealers last week in the form of an MVA Bulletin, dated May 6, 2016. The Bulletin dealt with trade-in allowance and registration fees. Trade-in allowance MVA has determined that auto sales transactions to consumers […]

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Its time to register for the WANADA Golf Open, June 8!

Itês time to register for the WANADA Golf Open, June 8! Early registration is advised for WANADAês popular Golf Open, which is just around the corner, set for Wed., June 8, at the popular Lansdowne Resort in Leesburg, Va. New this year, WANADA dealers may opt to be in an exclusive dealer versus dealer event […]

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Auto sales keep on rising, especially trucks

Auto sales keep on rising, especially trucks April saw yet another month of seemingly unstoppable auto sales, up 3.3 percent year to date, at a SAAR of 17.42 million. The big story is still the strength of truck sales, as gas prices remain low. Other factors driving sales are available credit, some pent-up demand and […]

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Car colors get exotic names and a philosophy

Car colors get exotic names and a philosophy Forget white, gray, blue and black as the most popular car colors. Coming next: raingarden (metallic silver), primordial soup (a deep, blood red inspired by the heart) and aerialist wish (black embedded with silver). Thatês the word from the annual car colors report by BASF Corp. Color […]

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