There didn’t appear to be any obvious connection between a representative from the Consumer Financial Protection Bureau finishing his presentation during the National Policy Conference hosted by the National Independent Automobile Dealers Association and the hotel fire alarm activating as a question-and-answer session started. While not trying to perpetuate some wild conspiracy theory, perhaps the […] [Read More]

This week, Rep. Roger Williams was been selected by the National Independent Automobile Dealers Association as the winner of the first NIADA Legislator of the Year award. The award will be presented annually to recognize a member of Congress for dedicated service to the automobile industry. The inaugural award was presented during a rooftop reception […] [Read More]

Maserati Canada recently announced it has opened its first dealership in the Canadian province of Saskatchewan and celebrated with a grand opening event last week. The event included a ribbon-cutting ceremony and a tour for local business leaders and clients. Maserati Canada’s new location, Maserati of Saskatoon, includes a 1092-square-meter facility that features both a service center […] [Read More]

Officials from iA Financial Group made a significant move into the United States. The company announced it has signed an agreement to acquire the shares of privately owned, U.S.-based Dealers Assurance Company and Southwest Reinsure, collectively known as DAC. The company revealed the purchase price was $135 million. The acquisition will be financed from cash […] [Read More]

Auto Remarketing confirmed on Wednesday that Uber is out of the vehicle-leasing business. Based in part by what reportedly has been heavy residual value losses, an Uber spokesperson said the Uber will cease Xchange Leasing, the platform where drivers could lease vehicles and maintain monthly payments by serving as a driver for the online company. […] [Read More]

Larry H. Miller Dealerships recently announced its Dodge Ram Peoria and Chrysler Jeep Avondale stores collected 74,996 bottles of water for the homeless after partnering with four local West Valley fire departments to host a community water drive. The drive colleled water from June 1 through August 31, tripling the organizer’s initial 25,000 bottles goal, […] [Read More]

While the September used-vehicle sales projection might not show it, dealers are certainly bracing for additional sales stemming from hurricane-damaged vehicles that need to be replaced. And it’s reflecting in how prices are moving, according to the latest this week’s Black Book Market Insights report. Editors found that prices for both compact cars and crossovers […] [Read More]

Online auto financing platform AutoGravity reached a new threshold. The company said on Wednesday that it has surpassed $1 billion in finance amounts requested on the AutoGravity platform. Additionally, AutoGravity has announced the launch of real-time inventory for new and used vehicles from partner dealership groups across the nation. Shoppers can browse real vehicle inventory […] [Read More]

Online used-vehicle sales platform Instamotor announced on Wednesday that it will allow dealers and private sellers in California and Texas to list their available inventory for free on the company’s iOS, Android and web platforms. By listing on Instamotor, dealers will get: • Access to more than 100,000 serious car shoppers monthly • Free inventory […] [Read More]

Activity over Labor Day weekend and the need for replacement vehicles destroyed by Hurricanes Harvey and Irma evidently aren’t going to push used-vehicle retail sales higher this month. Edmunds analysts said an estimated 3.19 million used vehicles will be sold in September for a seasonally adjusted annual rate (SAAR) of 38.8 million. Those projections are […] [Read More]