The National Auto Auction Association alerted members about a recent decision by the New Jersey Motor Vehicle Commission (NJMVC). In a message delivered on Thursday, NAAA recapped that NJMVC no longer accepts Connecticut’s Supplemental Assignment of Ownership (Q-1) forms for title transfers in New Jersey. NAAA explained that the new policy means that Connecticut’s Q-1 […] [Read More]

While the service departments at franchised dealership appear to still be more trustworthy, the J.D. Power 2024 U.S. Aftermarket Service Index (ASI) Study showed how the competition for business is getting even more intense. J.D. Power pointed out that customers are finding it easier to do business with aftermarket service providers due to no-appointment drive-in […] [Read More]

CDK is bringing a whole new experience to Canada. The automotive retail software provider announced the Canadian launch of the CDK Dealership Xperience, an open and integrated platform that the company said “transforms how dealers sell and service cars and operate their businesses simply in a modern and digital world.” The platform is designed to […] [Read More]

CARFAX Canada is bringing its vehicle history reports to Copart Canada’s customers. The companies announced CARFAX’s reports will be featured on the vehicle details page in Copart Canada’s auction platform in a strategic partnership designed to enhance consumer confidence when purchasing a vehicle from Copart Canada. “The CARFAX Canada integration will ensure our buyers understand […] [Read More]

Fisker’s drive toward a dealership model in the U.S. continues. The electric vehicle manufacturer said it has signed agreements with six new dealer partners for dealerships in California, Missouri and Pennsylvania, and a distributorship in the U.S. territory of Guam. Three of the new stores — LA Fisker and West Covina Fisker in Los Angeles […] [Read More]

The job market improved in April, but the Federal Reserve doesn’t like how inflation is tracking, so policymakers decided not to lower interest rates this week. Comerica Bank is expecting rate cuts by the end of the year, but Cox Automotive chief economist Jonathan Smoke is concerned about what demand for durable goods — things […] [Read More]

Ignite Consulting Partners ended up with a great way to promote its upcoming compliance conference courtesy of the latest action by the Minnesota attorney general. The firm recapped in its Tip of the Week about Minnesota attorney general Keith Ellison filing a lawsuit against an independent dealership and its owner for variety of alleged misdeeds, […] [Read More]

A common hesitancy consumers might have about buying alternative-fuel vehicles (even used ones) is that the cost is too high. And that assumption isn’t entirely wrong — it might be fair on some models, particularly electrics. However, there are deals to be had in the used-car market for alternative-fuel vehicles — even beyond government rebates […] [Read More]

Group 1 Automotive has completed a $500 million increase in its revolving syndicated credit facility. The giant dealer group, which owns and operates 203 dealerships in the U.S. and U.K., now has a total credit facility of $2.5 billion with 20 financial institutions that will expire in March 2027 and can be expanded to $3 […] [Read More]

APCO Holdings continued to grow on Wednesday, announcing the acquisition of Crystal Fusion Technologies, which is a provider of automotive glass protection solutions. The provider and administrator F&I products and home to the EasyCare and GWC Warranty brands said this strategic acquisition marks a significant milestone for APCO as it expands its portfolio and strengthens […] [Read More]