Respected automotive attorney Tom Hudson of Hudson Cook has been selected as the newest member of the National Independent Automobile Dealers Association’s prestigious Ring of Honor. Hudson became the 29th auto industry leader to be inducted into the Ring of Honor, NIADA's highest award for non-dealers. The award was announced during the National Leadership Awards […] [Read More]

The American International Automobile Dealers Association went to the White House this week to participate in a meeting on tax reform with White House National Economic Council Director Gary Cohn and other auto industry leaders. Leading AIADA’s charge were president Cody Lusk, vice president of government relations Rachel Robinson and vice chairman and California dealer […] [Read More]

Kia Motors America has now gone 16 straight months of certified pre-owned sales records, the company said Wednesday. Kia moved 7,008 CPO units last month, which beat year-ago figures by 10.2 percent and was its best May ever, according to Autodata Corp.  Through five months of the year, there have been 33,414 Kia certified sales, […] [Read More]

In addition to sessions on financing, regulatory moves, industry disruption and more, the NIADA Convention & Expo this week will include a host of certified pre-owned-related sessions. The event, which began Monday and runs through Thursday, is being held at The Mirage in Las Vegas. Among the CPO sessions are: "Winning the CPO Retail Battle […] [Read More]

With conference season getting into full swing for independent dealerships — including the National Independent Automobile Dealers Association’s annual conference, which runs Monday through Thursday — BHPH Report (Auto Remarketing’s sister publication) connected with Steve Jordan, NIADA’s chief executive officer. Below is a Q&A that ran as part of a larger feature story in the […] [Read More]

Carvana founder and chief executive officer Ernie Garcia is confident that the online used-vehicle retailer will have turned at least 10,000 units by the time the second quarter closes at the end of the month. And Garcia is upbeat that the gross profit per unit will be about $1,400. “The path to profitability is clear,” […] [Read More]

SoCal Penske Dealer Group announced it acquired the Fuller Ford, Fuller Honda, Fuller Kia and Fuller Collision Center in Chula Vista, Calif., further expanding its footprint in the Southern California market. The former Fuller locations have been rebranded as Penske Ford Chula Vista, Penske Honda Chula Vista, Penske Kia Chula Vista and Penske Collision Center Chula Vista. […] [Read More]

This month, automakers' certified pre-owned programs carry a number of attractive and competitive deals, including some Autotrader says are traditionally offered solely to new car buyers. "If you're shopping on a budget, there are some great deals to be had among the many certified pre-owned offerings this month," Autotrader executive editor Brian Moody said in […] [Read More]

Online used-vehicle retailer Carvana highlighted that its first-quarter revenue soared to a new record, increasing by 118 percent year-over-year. Unfortunately, the record revenue figure of $159 million wasn’t enough to overcome the company’s expenses that resulted in Carvana sustaining a net loss of $38.4 million, representing an increase of 122 percent. Still, with improvements in […] [Read More]

Along with announcing the newest addition to its national member benefit program the National Independent Automobile Dealers Association highlighted that for the fifth consecutive year, ADESA, AFC and IAA — all part of KAR Auction Services — will auction off a premier vehicle during the NIADA Convention and Expo to benefit the NIADA Foundation. This […] [Read More]