Archive September 2023

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Texas Dealers Head to Washington, D.C., to Advocate for the Industry

In a powerful display of industry solidarity, Texas dealers descended upon Washington, D.C., on September 19 and 20, 2023, to advocate for the independent automobile dealer industry. Armed with determination and a commitment to addressing critical issues, they engaged with lawmakers to bring about positive change. Let’s take a closer look at the three key issues that took center stage during this significant event.


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CFPB Cracking Down on Auto Financing Practices

The latest report from the Consumer Financial Protection Bureau (CFPB)’s Summer 2023 Supervisory Highlights indicates the agency is cracking down on automobile financing institutions. In this article, we will delve into these issues and discuss what independent automobile dealers need to know about the CFPB’s recent attention to automobile financing.


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New Requirements: Texas Vehicle Transfer Notification (VTN) Changes

For motor vehicle transactions, a critical process exists to ensure a smooth transfer of ownership and protect both sellers and buyers from potential legal entanglements. The Vehicle Transfer Notification (VTN), a significant document in this journey, has undergone crucial changes that all Texas independent motor vehicle dealers need to be aware of.


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