Former vice presidential candidate and Wisconsin Rep. Paul Ryan is the newest addition to the speaker lineup for the eighth annual International Auto Industry Summit orchestrated by the American International Auto Dealers Association. The event is set for May 7 and 8 in Washington, D.C. Along with Ryan, the agenda includes appearances by Cook Political […] [Read More]

The National Highway Traffic Safety Administration said Mazda North America Operations is recalling 42,000 Mazda6 vehicles from the 2010 through 2012 model years and equipped with a 2.5L engine. NHTSA explained that in the affected vehicles manufactured between Sept. 14, 2009 and May 2, 2011, spiders may weave a web in the evaporative canister vent […] [Read More]

With a former OEM chief executive officer joining its board and paperwork filed for an initial public offering, activity is buzzing at TrueCar. That IPO paperwork filed with the Securities and Exchange Commission offered a glimpse as to what’s going on underneath the hood of the lead-generation website. TrueCar indicated the number of common shares […] [Read More]

CarMax revealed late last week results for Q4 and its fiscal year, which ended on Feb. 28, showing an almost 20 percent yearly gain in used sales. This also marks the first fiscal year the dealer group has ever retailed more than 500,000 vehicles. Specifically, the dealer group saw total used unit sales rise by […] [Read More]

In a recent whitepaper, NADA Used Car Guide lists several factors — including rising incentives in the first two months of 2014 — that point to continued increases in pricing discounts this year.  But here’s the thing: automakers aren’t likely to become “haphazard,” says NADA, which in fact suggests OEMs will temper their spending in […] [Read More]

If Tesla Motors is successful in pushing its direct-to-consumer sales model forward as well as bringing a more affordable electric vehicle to the market, the company may make an even bigger splash in the dealer market in the near future. And if Tesla solidifies a larger footprint in the industry, its core business practices, such […] [Read More]

On the same day that fellow domestic automaker Chrysler announced a recall of more than 860,000 SUVs worldwide, the new chief executive officer at General Motors faced a barrage of pointed questions from lawmakers on Capitol Hill for the second day in a row. During a hearing on Wednesday orchestrated by the U.S. Senate Commerce […] [Read More]

To many, it would seem luxury electric car company Tesla Motors has been fighting an uphill battle against dealer organizations across the country that dissaprove of its direct-to-consumer sales model. But the company is gaining ground, as it was announced this week it has reached a compromise with New York state, through which the company […] [Read More]

As part of an ongoing strategy to reach company milestones, Lithia Motors this week announced yet another store acquisition, along with the opening of a new Chrysler franchise. Acquisitions will push the company toward achieving its goals in the next few years, more so than organic growth, said company president and chief executive officer Bryan […] [Read More]

Notching an all-time high in March, the certified pre-owned market has just completed its best quarter ever, according to Autodata Corp. Releasing monthly and quarterly CPO results Wednesday afternoon, Autodata said there were 206,409 certified sales in March, which was an 8.6-percent year-over-year increase. This capped a record quarter, as 551,707 certified cars were sold […] [Read More]