Franchised dealerships in the nation’s capital are answering the call to help healthcare workers with patients who have the coronavirus. On Monday, the Washington Area New Automobile Dealers Association (WANADA), also producers of The Washington Auto Show, made a $50,000 donation to MedStar Georgetown University Hospital, to help support its work screening and treating patients […] [Read More]

Carvana’s rush of recent activities continued on Monday with the online used-vehicle retailer making a move to help buyers who just took delivery. The company announced on Monday that it is now giving customers up to 90 days to make their first payment. Customers financing with Carvana are eligible to opt in to the payment […] [Read More]

More than 40 ADESA auctions in North America are set to run simulcast-only sales this week, following a roughly two-week stoppage of all ADESA physical sale operations (which included Simulcast) announced on March 20, in response to the COVID-19 pandemic. The first of those simulcast sales was set to begin Monday in the U.S. and […] [Read More]

Saying it has “radically revamped its operations to reduce stress” during the COVID-19 outbreak, Serpa Automotive Group has introduced a “one price” online store while continuing its dealer operations. The company’s founder and dealer principal Frank Serpa, noting his company is grateful that transportation has been declared an essential business, said that with any sale […] [Read More]

Online car marketplace Shift has created two temporary programs to help essential workers and the community at large obtain reliable transportation during the ongoing COVID-19 outbreak. The Essential Workers Program is one of those, and it will provide special discounts on vehicles for essential workers such as medical professionals, utilities operators and grocery store staff […] [Read More]

The Federal Trade Commission reported that just like cases of individuals being diagnosed as positive for the coronavirus is rising significantly, the regulator is noticing steady climbs in COVID-19-connected consumer complaints, too. As of Sunday, the FTC reported 11,762 complaints, resulting in $8.39 million worth of fraud being committed since the beginning of the year. […] [Read More]

Over the weekend, MBSi Corp. shared another offering to help its recovery industry customers navigate through coronavirus pandemic. Agero, the parent company of the Automotive Intelligence Council member, is orchestrating a webinar to help small businesses understand the CARES Act and how the resources of the Payroll Protection Program (PPP) can be beneficial. The featured […] [Read More]

Scot Hall, executive vice president of Swapalease.com and Wantalease.com, acknowledged he’s always been a “glass half-full” person. And the coronavirus pandemic hasn’t changed his mindset. Hall joined senior editor Nick Zulovich for another episode of the podcast to discuss how digital paths of retailing and financing will be the way for how the automotive industry […] [Read More]

Used-vehicle sales declined 50% year-over-year in the last full week of March, according to the latest video report from Cox Automotive chief economist Jonathan Smoke that was released Tuesday. They fell 50.4% during the week, then “stabilized” on that Sunday (March 29). “However, when we look at the leading indicators of what these sales are likely […] [Read More]

Stephane Ferri has joined the Presidio Group as principal. For The Presidio Group, a merchant bank and investment banking adviser in the retail automotive sector, Ferri will focus on technology, M&A and principal investing activities and will be located in Presidio’s Atlanta office. Ferri previously served as senior vice president for Flexdrive LLC, which recently sold […] [Read More]