Arkansas dealers now have their own library of standardized documents to ensure their compliance with current automotive regulations. Reynolds and Reynolds recently announced the launch of the LAW Arkansas F&I Library. Reynolds Document Services developed the library in partnership with the Arkansas Automobile Dealers Association. The library will provide Arkansas dealers access to legally reviewed […] [Read More]

Larry H. Miller Dealerships just welcomed three new stores into the family. LHM Dealerships on Tuesday announced the acquisition of three stores in Colorado, with the purchase of Cherry Creek Dodge in Denver, Fiat of Denver and Colorado Chrysler Jeep in Aurora. The dealership group owns 11 stores in Colorado after this move. “We’ve been […] [Read More]

Wholesale price trends are starting to settle into a pattern Black Book is expecting. At least that’s the view of Anil Goyal, senior vice president of automotive valuation and analytics, when this week’s Black Book Market Insights report took a look at valuation activity from the first week of June. “Weekly depreciation rates are beginning […] [Read More]

Leading into next week’s National Convention and Expo, online pre-qualified monthly payment marketing technology provider DriveItNow joined with the National Independent Automobile Dealers Association as its latest National Member Benefit partner. NIADA explained as part of Tuesday’s announcement that this product offering is designed to help independent dealers compete more effectively with franchise operations in […] [Read More]

Early indications are that May was another solid month for used-car departments at franchised dealers, including their certified pre-owned operations. Citing data from the National Automobile Dealers Association, Cox Automotive chief economist Tom Webb said in a monthly commentary released Tuesday that franchised dealers’ retail used-car sales were up 5 percent in the first four […] [Read More]

Mark Sauder's reaction when Ken Shilson approached him about becoming the newest member of the NABD Hall of Fame might have come straight from a script you’ve heard on countless TV shows or movies as the police are interrogating someone. Sauder told Shilson, “You’ve got the wrong guy.” While the exchange between the executive who helped […] [Read More]

New research from IHS Automotive suggests that there will be many more autonomous cars on the roads in the next few decades than they previously thought. The automotive research firm forecasts that there will be nearly 21 million vehicles with some degree of autonomy sold globally in 2035 alone. This is a much higher estimate than […] [Read More]

The National Automobile Dealers Association has hired Peter Fong as senior vice president of dealership operations. Fong’s more than 20 years of experience include various executive-level sales, marketing and brand management positions at Ford Motor Co. and Chrysler Group LLC. He also guided Carmoza, an auto transport start-up company, through its merger and acquisition. He most […] [Read More]

Movie stars and sun may make southern California a hot spot, but several parts of the state have a different kind of “hot spot” distinction: vehicle theft. According to the National Insurance Crime Bureau’s latest Hot Spots report, California’s Modesto Metropolitan Statistical Area (MSA) had the nation’s highest per capita vehicle theft rate in 2015, […] [Read More]

Receiving immediate support from organizations such as the Consumer Bankers Association and the American Bankers Association, Rep. Jeb Hensarling, the Texas Republican who also is the U.S. House Financial Services Committee chairman, has a plan he described as a way to replace the Dodd-Frank Act and promote economic growth. During a speech to the Economic […] [Read More]