If you run a dealership — an independent operation or especially a franchised store — and you haven’t already been a buyer on Copart’s platform, Jay Adair wants that situation to change as soon as his company’s $1.9 billion acquisition of ACV Auctions closes and the wholesale enterprises synergize. The Copart chief executive officer elaborated […] [Read More]

It’s now been 25 years, but dealers still vividly remember the vicious tragedies in New York and Washington, D.C. Greater New York Automobile Dealers Association president Mark Schienberg was overseas on business on Sept. 11, 2001. Schienberg was attending the Frankfurt Auto Show with New York Auto Show chairman John LaSorsa and GNYADA board chairman […] [Read More]

If you noticed more of your dealership teammates returning to potential car buyers with body language that indicated, “Yes! I got that deal bought,” the August reading of the Dealertrack Credit Availability Index might be part of the reason why. Cox Automotive reported on Friday that auto credit access in August improved for the fourth […] [Read More]

Copart has signed a definitive agreement to acquire ACV in a deal valued at approximately $1.9 billion. Under the agreement, which was announced Thursday afternoon, Copart would acquire all outstanding shares of ACV common stock for $10.50 share in cash, representing implied equity value of $1.9 billion. Adding ACV gives Copart a “new growth vector,” […] [Read More]

Tuesday marked the beginning of Nasi Jazayeri as chief executive officer of LeadVenture, which serves as a digital partner for 40,000 dealerships and service centers. According to a news release, Jazayeri succeeds Tim MacDonald, who is transitioning to an advisory role and will continue to serve on LeadVenture’s board of directors. Jazayeri joined LeadVenture after […] [Read More]

What happened during thousands of introductory conversations with automotive industry stakeholders germinated into the new name for AutoAp. This week, the provider of auto recall information and safety recall services announced it has changed its name to The Recall Company. Originating during those initial stakeholder meetings, president Mark Allen explained the new name more accurately […] [Read More]

The American Financial Service Association spotted that “long-awaited” regulations from the IRS and the Treasury Department involving the auto-loan interest deduction were published in the Federal Register this week. According to the 31-page document, the regulations go into effect on Nov. 9 regarding the deduction for certain taxpayers for an amount up to $10,000 of […] [Read More]

To say the future of America’s Car-Mart is bleak might be an understatement based on results and explanations the company shared this week stemming from the first quarter of its 2027 fiscal year. And the update included the acknowledgment that the buy-here, pay-here dealership company might not even be in operation unless its situation significantly […] [Read More]

Missouri-based Clement Auto Group has expanded to Ohio with the acquisition of Mansfield Motor Group, according to a news release from Performance Brokerage Services. Mansfield is a family owned three-rooftop Honda, Nissan and Volvo group based in Mansfield, Ohio, and led by Dirk Schulter and Brett Schulter. Clement Auto Group, based in the Greater St. […] [Read More]

Here’s a misconception: Shipping electric vehicles is a lot different than shipping gasoline vehicles. “In reality, the process is … nearly identical,” said Chris Velazquez, vice president of sales at Montway Auto Transport. Velazquez, however, notes one main difference: vehicle weight. The dimensions of a gasoline-powered Honda CRV are about the same as a CRV […] [Read More]