Ally Financial and TIME hosted a celebration last week to honor 2016 TIME Dealer of the Year winner Mary Catherine “Kitty” Van Bortel. The TIME Dealer of the Year Award honors franchised new-vehicle dealers for exceptional performance in their dealerships and distinguished community service. Van Bortel was selected from a group of 50 nominees across […] [Read More]

The National Highway Traffic Safety Administrated shared an urgent message on Thursday that applies to dealerships who might have older Honda and Acura vehicles in their inventories or auctions who might be sending these units across the blocks. NHTSA officials said new test data on a particular subset of defective Takata air bag inflators in […] [Read More]

Southern California’s Galpin Motors announced that it will take its annual Galpin 10,000 summer sales event to the next level with a massive community initiative that involves raising funds for Children’s Hospital Los Angeles (CHLA), collecting school supplies for local schools and having its employees complete community service hours. “The Galpin 10,000 has been a fun […] [Read More]

Toyota Motor Sales USA announced late on Tuesday that it is conducting a safety recall of approximately 482,000 vehicles to correct an issue with the curtain shield air bags. The action by Toyota is unrelated to the ongoing Takata airbag recall. Included in the campaign is the Toyota Prius from the 2010 through 2012 model […] [Read More]

As an industry compliance expert tried to explain how complicated it might be to unwind installment contracts and leases, NADA Used Car Guide confirmed that its values are being used to generate the figures associated with the Volkswagen diesel emissions settlement announced on Tuesday. The data denotes how much the OEM will pay owners to buy […] [Read More]

Described as a “painful pill to swallow,” Volkswagen is going to have to spend nearly $15 billion to settle with federal regulators and consumers involving vehicles associated with a diesel emissions controversy. In two related settlements — one with the United States and the state of California and one with the Federal Trade Commission — […] [Read More]

Susan Cafiero, a sales representative for Avalon Honda in Cape May Court House, N.J., received Cox Automotive’s inaugural Breakthrough Leader of the Year Award on Monday. Cafiero accepted the award at a luncheon during the Women in Automotive Conference in Orlando, Fla. She was selected from nominees who met criteria including being a woman with […] [Read More]

While franchised dealers surely want to turn plenty of used and new metal this summer, the National Automobile Dealers Association suggested that they welcome another kind of “up” who might be equally as important as the potential buyer for a vehicle that’s been in inventory for too long. NADA emphasized the upcoming congressional recesses this […] [Read More]

Look for June to be a strong month for the retail used-car market. According to TrueCar, there may be more than 3.24 million used-vehicle sales this month, which would beat June 2015 figures by 5.5 percent. Those numbers in TrueCar’s forecast include franchised and independent dealers and sales between private parties. In the first five […] [Read More]

Tom Folliard didn’t mince words. “The first quarter of FY17 was a challenging one for us,” the CarMax chief executive officer said during a conference call Tuesday discussing the company’s first quarter earnings report. Total revenues increased by 2.8 percent, he said, while used unit comps were slightly positive — up 0.2 percent — and […] [Read More]