It has been a busy September for Fair. Less than a week after announcing it was buying Ford Motor Credit’s Canvas vehicle subscription service, Fair said Tuesday it has secured a $500 million revolving credit facility to help “sharply scale” its partnership with Uber. It’s a move that furthers Fair’s ability to be “the supply-side […] [Read More]

Franchised dealers appear to have a rosier outlook on the used-car market than their independent dealer counterparts, according to a study released Monday by Cox Automotive. In addition to other areas, the Q3 2019 Cox Automotive Dealers Sentiment Index delved into the used-car department, which for franchised dealers, is tilted more towards positive.  When asked […] [Read More]

Vehicle safety-recall, monitoring, intelligence and reporting company AutoAp says its new reference guide and user’s manual for auto dealers “codifies the problems and challenges of the safety recall ecosystem.” The reference guide and user’s manual for auto dealers, titled, “Safety Recalls: Think You’re Covered? – Mitigate Your Liability and Increase Profitability,” addresses the topic of […] [Read More]

Foundation Automotive Corp. on Thursday said that it has purchased what it describes as the first carbon-neutral dealership in the world, Motorcars Honda in Cleveland Heights. Motorcars Honda will change its name to Foundation Honda, effective immediately. The approximately 46,550-square-foot facility includes a state-of-the-art service area. Foundation said the dealership’s general manager and managing partner […] [Read More]

Cherokee Media Group integrated more auto-finance workshops and presentations into Used Car Week beginning in 2013. And one of the primary reasons why conference organizers made that move was the National Automotive Finance Association. “When we looked to expand Used Car Week to include an auto-finance component, some of the first steps we took included […] [Read More]

IAA’s expansion of its Indianapolis branch brings the facility to more than 70 acres of capacity, said IAA chief executive officer and president John Kett. IAA said that through its investment, the branch will see greater ability to serve new customer demand in Indianapolis and the surrounding metropolitan area. “We will continue to make strategic investments […] [Read More]

Virginia Connell says that with the substantial size of the auto service market for maintenance and repair, when a sector gains even a fraction in market share, that means auto dealers are leaving millions of dollars in potential revenue on the table. “As vehicles age and require more complex and costly repairs, aftermarket service is […] [Read More]

What typically happens within the confines of a dealership — retailing and servicing vehicles — isn’t solely influencing the values and transactions of stores nowadays. Rather, two firms that monitor dealership buy/sell activities mentioned other factors such as foreign-trade clashes as an element that could impact if activity picks up significant steam to close the […] [Read More]

KAR Auction Services chief legal officer and corporate secretary Becca Polak, who is also the president of the company’s TradeRev business unit, has submitted a notice of resignation from KAR, the company said in a statement Monday. KAR general counsel Chuck Coleman will take on responsibilities of corporate secretary while remaining in the general counsel […] [Read More]

Automotive Intelligence Council member MBSi Corp. enhanced its leadership team on Monday by bringing on a former executive at Primeritus Financial Services and Manheim. The provider of repossession assignment software and vendor compliance monitoring named Phil Hanks as senior vice president of sales and client services. The company highlighted that Hanks will align his industry […] [Read More]