Santander Consumer USA Holdings recently announced that Chrysler Capital will serve as the title sponsor for the Chrysler Minority Dealers Association (CMDA). The five-year annual sponsorship will include several initiatives aimed at outlining and supporting minority dealer trends and building a conduit for the next generation of minority dealers. Bruce Jackson, SC president of Chrysler Capital and auto relationships, […] [Read More]

This week, global consulting firm AlixPartners put dollar and unit figures pinpointing just how much the ongoing semiconductor shortage is costing the worldwide automotive industry. Meanwhile, the White House and the U.S. Commerce Department said they’re bolstering efforts to get chip production back in full motion, so vehicles can make their way to dealer lots […] [Read More]

CarGurus will host its third annual “Navigate” user conference next month with an agenda that explores auto retail disruption, diversity in the auto industry, digital retail success strategies and much more. The event, scheduled for Oct. 13-15, will be held online. More info is available here.  “The past 18 months have shown that the automotive […] [Read More]

Volkswagen Group of America announcedit has concluded a study that looked at the future of mobility for long-distance traveling in a creative way. VW teamed up with Academy of Art University for a student design project designed to study just that. VW's Innovation and Engineering Center California (IECC) recently drew to a close its first-ever “Long Distance Mobility and Living Space” […] [Read More]

New York law enforcement officials shared details about a lengthy investigation that led to the arrest of 10 individuals allegedly involved in a complex scheme of stolen vehicles and curbstoning. New York attorney general Letitia James and New York Police Department  commissioner Dermot Shea announced the indictment of 10 members of an auto theft and […] [Read More]

The Takata airbag recall continues to become more complex with more vehicles being investigated, including another 30 million units from as recent as the 2019 model year. To get a comprehensive update about what’s happening, Jerry Cox, who is chairman and chief executive officer with Potomac Strategy Associates, returned for another episode of the Auto […] [Read More]

Both the National Auto Auction Association and the National Automobile Dealers Association are looking to support their members who have employees impacted by the flooding generated by Hurricane Ida, Tropical Storm Nicholas and other recent storms. The support systems of each association — the NAAAWYSF Disaster Relief Fund and NADA’s Emergency Relief Fund, respectively — […] [Read More]

The parade of records connected with franchised dealerships just keeps on marching. According to the Second Quarter 2021 Blue Sky Report by Kerrigan Advisors, the dealership buy/sell market hit yet another historic high, with 320 transactions completed in the 12-month period since the economy re-opened in June 2020. [Read More]

Black Automotive Media Group recently played a key role in launching an intiative that resulted in launching automotive media internships for North Carolina Central University and Clark University students. The program behind these internships — "Driving Force" — will work to offer multi-media career development to undergraduates at historically black colleges and universities (HBCU). The program will also […] [Read More]

The average used vehicle sold at a modestly more brisk clip in August (34.6 days to sell) than it did in July (35.4 days), according to a recent analysis from iSeeCars.com. And the fastest-selling used vehicle last month sold twice as quickly as that. For the third month in a row, the Tesla Model 3 had […] [Read More]