There are now three commissioners on staff at the Federal Trade Commission. Last week, the Senate confirmed Mark Meador as an FTC commissioner to serve a term that will expire on Sept. 25, 2031. That brings the active commissioner number to three with Meador being a part of the group that includes chair Andrew Ferguson […] [Read More]

ADESA is bringing its online tools together. The wholesale auto auction has added its ADESA Simulcast technology to its upgraded digital platform and mobile apps, integrating ADESA’s two flagship digital auction products — Simulcast and ADESA Clear — together in a single interface, along with a variety of value-added tools and features. “ADESA continues to […] [Read More]

New leadership is now in place at Southeast Toyota Finance. The captive finance company and subsidiary of JM Family Enterprises announced a trio of executive leadership changes created by the departure of Southeast Toyota Finance president Bill Shope, who retired at the end of March after 35 years with the company. Now serving as Southeast […] [Read More]

McGee Toyota’s new home is now open. The McGee Automotive Family this week announced the opening of McGee Toyota of Putnam in Putnam, Conn., the new home of what was previously McGee Toyota of Dudley in nearby Dudley, Mass. The Massachusetts-based dealership group said the move was made “to better serve customers through modernized amenities, […] [Read More]

A previous leader of multiple industry associations now is an executive with the National Lenders General Agency, a licensed risk manager and provider of insurance solutions for the buy-here, pay-here market. Last week, the company welcomed Tony Long as regional vice president of sales. Long served nearly a decade as executive director of the International […] [Read More]

With a 25% tariff on imported autos in place, much of the focus has been on its effect on vehicle prices. But the supply of vehicle inventory, already an issue in the used-car sector, looms as a factor in both the short and long term. In 2024, used supply sank 8% year-over-year to end the year 28% below pre-pandemic levels, and in its original 2025 forecast, Cox Automotive projected that trend to continue as the impact of COVID-induced slowdowns in new-vehicle sales and production ripples through the used-car market. And that was before tariffs became a thing ... [Read More]

Used cars are a hot item these days — even as their prices skyrocket. The latest data from CARFAX shows a surge in both used-car sales and prices that far outpaces typical seasonal patterns. The provider of vehicle history reports said the rate of increase in both areas so far this spring is twice that […] [Read More]

Autocorp.ai has partnered with Canadian Black Book to launch a new tool to help Canadian dealerships identify vehicles that fit their customers’ financial situation. AVA MatchBook provides automation designed to match lender approvals with dealership inventory to save time and maximize profit on deals. The tool uses CBB’s data — used by all major Canadian […] [Read More]

When it comes to awards, it seems HGreg is already having a banner year. The Québec-based dealership group announced this week it has been nominated for a 2024 Laureate Award in the Business Innovation category. The award, presented by the Canadian Automobile Dealers Association and iA Dealer Services, recognizes the achievements of Canada’s best new […] [Read More]

While President Trump has high hopes for the economic future, it might now be challenging getting vehicles delivered and contracts booked. Why? Perhaps it’s because the industry is facing plenty of consumer headwinds, including what Cox Automotive chief economist Jonathan Smoke shared on Monday. Smoke said consumers’ views of buying conditions for vehicles declined to […] [Read More]