Orchestrators of the second annual Diversity Volume Leadership Awards (DVL Awards) ceremony highlighted what they said is the tremendous impact that minority vehicle buyers have on the economy and brought awareness to what consider to be the lack of diversity that still remains present in the automotive industry. National Association of Minority Automobile Dealers (NAMAD) Damon […] [Read More]

Takata Corp. and the U.S. Department of Justice have reached a settlement on the issues regarding Takata’s airbag inflator validation testing and reporting. Takata will shell out $1 billion in criminal penalties, according to DOJ, and three Takata executives have been charged with wire fraud and conspiracy.  “Automotive suppliers who sell products that are supposed […] [Read More]

On Thursday, NCM Associates and The Rawls Group, a provider of long-term strategic and succession planning, announced the launch of the NCM-Rawls Dealer Executive Program, their new leadership development educational program for current and future dealers. “Rapid changes in our industry, such as autonomous cars, ride-sharing companies and the electrification of vehicles, mean we need to […] [Read More]

Penske Automotive Group said Wednesday that its purchase of CarSense announced in December has officially closed. CarSense, a standalone used-car retailer whose no-haggle model focuses on late-model units. It has five stores throughout the Pittsburgh and Philadelphia metro areas, including southern New Jersey. “We are pleased to welcome the CarSense team to Penske Automotive Group, […] [Read More]

As part of its annual giving program, Sheehy Auto Stores announced on Wednesday that it donated $161,000 to 23 charities in Washington, D.C., Baltimore and Richmond, Va. Each of the company’s dealerships partnered with various non-profit organizations located in the communities they serve. "Our employees and family of dealerships do much throughout the year in donating […] [Read More]

On Monday, Dent Wizard International announced Ryan Briggs will fill the company’s newly-created position of vice president of customer development. In this new role, Briggs is responsible for expanding Dent Wizard’s relationships with the top 150 dealer groups as well as services and programs with non-traditional resellers. “Ryan has a proven track record for follow-through […] [Read More]

Autotrader has come out with its top picks for certified pre-owned deals in January. "Shoppers who want to start 2017 off with a smart vehicle purchase can easily do so by choosing any of these CPO offers in January," said Autotrader executive editor Brian Moody. "CPO is a popular category for car buyers on a […] [Read More]

A little more than a month after announcing plans to acquire a standalone used-car store chain in the Northeastern U.S., Penske Automotive Group has done the same in the U.K. Penske announced Friday that it has signed an agreement to buy CarShop, a chain of five standalone used-car retail stores in the U.K.  This follows […] [Read More]

On Monday, KosLo announced it enhanced its website by integrating NADAguides year, make, and model data — creating a more customized experience for car shoppers and a new way for dealers to reach them nationwide. “With the integration of NADAguides data into our system we know we will be able to make the car buying […] [Read More]

NIADA Member Services announced on Friday that it launched the National Affinity Partner Program (NAPP), a new partnership program, which gives NIADA member dealers increased access to partner providers’ products and services they use daily. “This new affinity partnership initiative focuses on firms that serve certain segments of the insurance/financial services markets as well as […] [Read More]