With a purchase set to close Monday, Zeigler Automotive Group has acquired its fourth Ford store and 26th dealership overall. The Midwestern dealership group said Friday it has officially bought McCarthy Ford of North Riverside from the LeFevour family, which purchased the store in February 2017. The dealership had been Joe Rizza Ford for nearly […] [Read More]

The National Auto Auction Association (NAAA) has invited auctions to take part in this year’s NAAA Auction of the Year Award for Excellence for Community Service contest. Auctions can now nominate themselves or auction group members for honorable volunteer efforts easily from NAAA’s website. In addition to winning $25,000 to gifted to any charity of choice, […] [Read More]

In an effort to further enhance company expansion outside of the country, CARS Recon announced Tuesday that it has selected its chief operating officer to head its new dealer services entity. The company said it has chosen Harold Varvel, who most recently served a COO, to take on the role of managing director of dealer services at […] [Read More]

In a case unrelated to auto finance, a ruling by a New York federal judge released this week found the Consumer Financial Protection Bureau to be unconstitutionally structured; an action that disagreed with the D.C. Circuit Court of Appeals stating to the contrary from earlier this year. Hudson Cook partner Lucy Morris looked to explain […] [Read More]

Independent dealers from Alabama and Maryland received two of the top national honors handed out by the National Independent Automobile Dealers Association. During NIADA’s 72nd annual Convention and Expo in Orlando, Fla., Randy Crump, president of Friendly Auto Sales in Jasper, Ala., was named the 2018 National Quality Dealer of the Year. Krietz Auto, a […] [Read More]

Prior to being acquired by KAR Auction Services 14 months ago, DRIVIN was largely focused on the dealer side of the market and the downstream piece of wholesale — or “wholetail,” as co-founder Kayne Grau put it. At that time, the young Chicago-based company was geared toward using data to aid dealers in vehicle selection and optimizing […] [Read More]

As the National Independent Automobile Dealers Association revamps its Certified Master Dealer program, an Alabama operator was honored for doing more than just helping customers secure a vehicle. A&D Motors Inc., whose philanthropy has made a difference throughout its small hometown of Arab, Ala., has been named the recipient of the 2018 NIADA and Cox […] [Read More]

Service valets and advisers who are equipped with Vin-UP portable scanners and printers now have the option to give vehicle owners in the service drive more robust information that could eventually help enhance the dealership’s used-vehicle inventory. A Vin-UP Offer Ticket now displays the latest Kelley Blue Book Trade-In Value of that vehicle. Vin-UP Distributor […] [Read More]

During the recent National Automotive Finance Association Non-Prime Financing Conference, I led “Fraud Friday” sessions where I presented my taxonomy of fraud and showcased two panels highlighting more of the unique and innovative solutions in the space today. While there is a lot of interest and enthusiasm around these tools, I spent time talking with […] [Read More]

From a “torrid” auto sales pace to delinquency improvement in the Oil Patch, to perhaps Canada being in better position than its neighbor to handle the clash over trade with the United States, Matt Fabian shared plenty of positive developments stemming from TransUnion Canada’s latest Industry Insights Report. Fabian, director of research and analysis for […] [Read More]