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~ Cox Automotive Inc. has recently released its 20th edition of the Dealertrack Compliance Guide for 2025, providing critical insights and actionable strategies to help automotive dealers prevent reputational and regulatory compliance risks. As the automotive industry faces major market shifts in the coming year, including fair financing, vehicle electrification, and omnichannel buying, it is crucial for dealers to prioritize compliance in order to protect consumers and themselves.
According to Robert Newman, Director of Performance Management and an auto retail compliance specialist at Cox Automotive, compliance is not just about checking a box but building a foundation of trust and transparency that supports long-term success. With increasing regulation and rising consumer expectations, dealers must balance the need for compliance with the demand for speed and simplicity in the car-buying experience.
The Dealertrack Compliance Guide offers essential tips to help dealers implement practical strategies that protect their business and their customers. It is a trusted resource for dealers to understand their legal compliance obligations as they face new challenges in 2025. These challenges include intensified data privacy obligations and stricter state and federal oversight.
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Some key changes in the regulatory landscape that dealers should be aware of include the finalized Combating Auto Retail Scams Rule set to take effect on September 30th, 2025. Additionally, several states have enacted new data privacy and security laws while others are considering similar legislation. The Consumer Financial Protection Bureau's Small Dollar Rule will also take effect in 2025, implementing new underwriting and credit reporting guidelines for certain lending activities.
Newman emphasizes that a robust compliance program should include appropriate resource allocation, training, monitoring, assessments, updates, oversight, and disciplinary measures. He also advises dealers to review enforcement actions, reports, and updates issued by federal and state regulators that address unlawful practices.
Dealers can download the complimentary guide from Cox Automotive's website. Those interested in speaking with Cox Automotive about Dealertrack solutions at the upcoming National Automobile Dealers Association (NADA) Show can visit the Cox Village or request a meeting through the Cox Automotive NADA Hub. Dealertrack's comprehensive compliance solutions, including fraud detection and synthetic ID fraud alert, as well as long-term storage for audit readiness, enable dealers to secure deals and protect themselves and their customers.
According to Robert Newman, Director of Performance Management and an auto retail compliance specialist at Cox Automotive, compliance is not just about checking a box but building a foundation of trust and transparency that supports long-term success. With increasing regulation and rising consumer expectations, dealers must balance the need for compliance with the demand for speed and simplicity in the car-buying experience.
The Dealertrack Compliance Guide offers essential tips to help dealers implement practical strategies that protect their business and their customers. It is a trusted resource for dealers to understand their legal compliance obligations as they face new challenges in 2025. These challenges include intensified data privacy obligations and stricter state and federal oversight.
More on Georgia Chron
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Some key changes in the regulatory landscape that dealers should be aware of include the finalized Combating Auto Retail Scams Rule set to take effect on September 30th, 2025. Additionally, several states have enacted new data privacy and security laws while others are considering similar legislation. The Consumer Financial Protection Bureau's Small Dollar Rule will also take effect in 2025, implementing new underwriting and credit reporting guidelines for certain lending activities.
Newman emphasizes that a robust compliance program should include appropriate resource allocation, training, monitoring, assessments, updates, oversight, and disciplinary measures. He also advises dealers to review enforcement actions, reports, and updates issued by federal and state regulators that address unlawful practices.
Dealers can download the complimentary guide from Cox Automotive's website. Those interested in speaking with Cox Automotive about Dealertrack solutions at the upcoming National Automobile Dealers Association (NADA) Show can visit the Cox Village or request a meeting through the Cox Automotive NADA Hub. Dealertrack's comprehensive compliance solutions, including fraud detection and synthetic ID fraud alert, as well as long-term storage for audit readiness, enable dealers to secure deals and protect themselves and their customers.
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