Barrett-Jackson announced a five-year renewal of its on-site collector car insurance program. Officials recapped Barrett-Jackson Endorsed Collector Car Insurance was introduced in 2009 in collaboration with the private client group division of American International Group Inc., (AIG), and is serviced by TDC Risk Management, an independent insurance agency. Barrett-Jackson highlighted that auto enthusiasts across the country […] [Read More]

Just before the huge blizzard hit New York City and other major areas along the East Coast this past weekend, the Greater New York Automobile Dealers Association coordinated an effort to deliver more than 6,000 winter coats as part of the New York Cares Winter Coat Drive. This past Thursday prior to when close to […] [Read More]

The impact of millennials on the auto market in coming years is a widely disputed topic — some say the demographic couldn’t care less about cars, while others emphasize that millennials view their vehicles as an extension of their personality and won’t stop purchasing cars anytime soon. The jury is still out. However, one recent study […] [Read More]

National Automobile Dealers Association chief economist Steven Szakaly pinpointed what he believes are the two key factors that will sustain the new-vehicle sales momentum in 2016. During a recent NADA-TV interview, Szakaly explained the elements that should help new metal roll over the curb are low gasoline prices and rising incentives. “This year, we’ll start […] [Read More]

A new, pre-IPO car manufacturer that looks to compete with automakers such as Tesla Motors has hired two new executives. Mullen Technologies Inc. has promoted Paul Saluzzi as its new chief operating officer, and Gary Rosenzweig as executive vice president. The new California-based electric vehicle manufacturer and distributor aims to provide a variety of affordable electric […] [Read More]

The Ontario Motor Vehicle Industry Council announced today that the Ontario Superior Court of Justice overturned a decision made by the Licence Appeal Tribunal (LAT) that ordered OMVIC to issue a dealer license to a convicted arsonist. Here’s the timeline of events. In May of 2014, Robert Vernon, a dealership owner in New York, applied […] [Read More]

With observers saying, “the consumer economy looks good,” the auto loan portion of the S&P/Experian Consumer Credit Default Indices remained steady for December. Analysts from S&P Dow Jones Indices and Experian determined the auto loan default rate was unchanged from November with a 1.04 percent default rate in December. Compared to a year earlier, the […] [Read More]

SpringboardAuto.com, a new direct-to-consumer auto loan platform, added two executives to its board of directors who bring decades of experience from their time with Capital One and Ford Motor Credit. The company announced on Monday that its board now has both Steve Linehan and John Noone. Linehan is a former executive vice president and treasurer […] [Read More]

The Federal Trade Commission recently rolled out a new resource catering to Hispanics in an effort to curtail what the regulator believes are potential pitfalls in the vehicle purchasing and financing process. Officials highlighted their newest Spanish-language fotonovela — a small pamphlet similar to a comic-book format — is designed to explain how consumers can […] [Read More]

The expanded Takata recalls dominating the news on Friday reinforces the need for automakers to get more proactive in informing consumers, says a senior analyst with Kelley Blue Book. In comments the company shared Friday with the media, KBB senior analyst Rebecca Lindland said automakers impacted by the Takata airbag crisis shouldn’t rely on consumers […] [Read More]