Earlier this fall, Nick reconnected with NIADA senior vice president of legal and government affairs Shaun Petersen when the National Independent Automobile Dealers Association hosted its Subprime BHPH Conference in Chicago. Petersen not only recapped the association’s latest visit to Capitol Hill, but he also touched on a variety of other initiatives NIADA has in […] [Read More]

As part of our collection of podcasts originating from Used Car Week 2019, Nick Zulovich shared a conversation with the leadership of the National Automotive Finance Association. Current president Joel Kennedy and executive director Jack Tracey discussed what they’re hearing from members and what the NAF Association has in store for 2020. To listen to […] [Read More]

Commercial initiatives for HyreCar — a carsharing marketplace for ridesharing — have started to accelerate car supply in its key markets of focus, said HyreCar chief executive officer Joe Furnari. “Dealers are great providers of car supply for our platform, who provide higher utilization rates for their vehicles, which in turn drives increases in rental […] [Read More]

Blue. In the area of vehicles, that color reflects consumers’ desire for adventure, relaxation and reliability. That is according to paint and coating developer PPG, which on Friday announced its 2019 automotive color trends. The data showed a rise in blue automobiles. Holding a steady 8% of the total global color popularity data, blue was […] [Read More]

Since joining Holman Enterprises in 2010, Rick Tousaw has risen through the ranks to serve as senior vice president and general manager of ARI Canada before his most recent position as executive vice president and chief commercial officer for ARI. Holman recently appointed Tousaw to fill the newly created role of chief marketing officer. In […] [Read More]

For just the third time this year, analysts at J.D. Power Valuation Services spotted a downward move of its monthly index. J.D. Power’s Used Vehicle Price Index dipped by 2.2% in October. The softening placed the index 1.8% below September of last year. When looking at volume, analysts shared in the November Used Car and […] [Read More]

Along with a pair of other dealership transactions involving Kerrigan Advisors, one of the dealer groups honored during the Used Car Awards given during Used Car Week 2019 recently added to its portfolio of rooftops. HGreg.com — the Tier 3 Dealer Group Award Winner in a program sponsored by TradeRev — recently completed its acquisition […] [Read More]

The Massachusetts attorney general recently landed a judgment against an independent dealership totalling nearly $1 million for nearly a half dozen allegations. Attorney general Maura Healey recently announced this judgment includes restitution to consumers to resolve allegations that the dealership in Framingham, Mass., engaged in unfair and deceptive sales practices that violated Massachusetts consumer protection law. […] [Read More]

After revealing a change in its latest quarterly report about how dealer fees are collected, Credit Acceptance Corp. also recently shared the details about its completion of a $351.7 million asset-backed non-recourse secured financing. Pursuant to this transaction, Credit Acceptance said it contributed contracts having a value of approximately $439.6 million to a wholly-owned special […] [Read More]

ADESA announced this month that its VirtuaLane multisite capabilities have been fully integrated into the auction company’s Marketplace mobile app. What this means is that users of that app can now view and bid on any of the inventory at VirtuaLane multisite events from any of the 26 ADESA locations that hold such sales, the […] [Read More]