As widely reported on Monday, the Securities and Exchange Commission and the Department of Justice want to know exactly how Fiat Chrysler Automobiles is reporting its new-vehicle sales. The automaker released a statement confirming reports that first arrived from Automotive News and Bloomberg, reiterating its procedure for how the company shares metrics within its financial […] [Read More]

The latest Beige Book — the Federal Reserve’s ongoing effort to gather anecdotal information on current economic conditions through reports from bank and branch directors and interviews with key business contacts, economists, market experts and other sources — showed pockets of dealership turbulence in several of the 12 districts. While contacts in Cleveland, Kansas City […] [Read More]

Like their contemporaries at the National Automobile Dealers Association, leaders from the American International Automobile Dealers Association are urging dealer principals to reach out to members of Congress as they adjourn for their summer recess. AIADA insisted the best way to forge a meaningful relationship with elected officials is through its Dealer Visit Program. “We […] [Read More]

On Monday, Holman Automotive said it has completed its acquisition of Kuni Automotive. As they did when the transaction was first announced back in April, Holman officials said the terms of the deal will not be disclosed. The Kuni Automotive dealerships located in Washington, Oregon, California, Colorado and Kansas that were acquired will now operate as “Kuni […] [Read More]

The largest automotive retailer in the U.S. just got a little bit larger. AutoNation, Inc. announced Thursday that it will add four stores in the Westchester County, N.Y. area. The stores represent approximately $190 million in annual revenue, and will be fully acquired by the company in the third quarter of 2016, after completing the customary […] [Read More]

TCS has expanded its partnership with Carfax to integrate myCARFAX Service Shop tools within its point-of-sale solutions Tire Power and TireWorks. The company said the integration will help tire dealers better identify additional maintenance opportunities, allowing them to sell more services and bring more customers back to their stores. All Tire Power and TireWorks HD […] [Read More]

The 678,169 certified pre-owned sales in the second quarter represents a best-ever sum, says Autodata Corp. Releasing CPO results on Tuesday afternoon, Autodata said there were 223,560 certified sales in June, which beats year-ago figures by 5 percent. The daily sales rate was 8,598, compared to 8,519 in June 2015. This completes the first half of […] [Read More]

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]