Roughly a year after a Wisconsin auto dealer group was penalized by the Federal Trade Commission and the Wisconsin attorney general for what authorities deemed to be discriminatory F&I activities, the FTC is beginning to send more than $1 million in refunds to consumers deemed to be impacted. The FTC began to deploy refunds last […] [Read More]

Fleet owners in the Chicago area and northern Illinois can now get cash back when they buy pre-owned electric vehicles. ComEd, the area’s electric utility company, has extended its business and public-sector fleet EV rebate program to include used electric fleet vehicles and repowered battery electric vehicles as well, to help reduce the costs of […] [Read More]

You would think that used-vehicle prices would be rising right now. After all, CARFAX opines in an analysis around its latest price index that supply of late-model vehicles has fallen (thanks to the 2021 leasing declines) and used-car demand has climbed thanks in part to lower interest rates and recent hurricanes have managed up to 347,000 cars — fueling the need for vehicle replacement ... [Read More]

Amid acknowledgement of operational challenges during the third quarter of its 2024 fiscal year, Proficient Auto Logistics on Wednesday appointed a new member to its board of directors. Joining the leadership group is Brenda Frank, who is currently is the group senior vice president of human resources, buying offices, of Ross Stores. Frank leads a […] [Read More]

The latest act in AutoNation’s longstanding initiative to support the fight against cancer is sure to have people dancing for joy. The nationwide auto retailer surprised former professional ballerina Anna Wassman-Cox, a two-time breast cancer survivor and founder of the nonprofit Onco-Ballet Foundation, with a $25,000 donation to support cancer patients and survivors through the […] [Read More]

Carvana is moving full speed ahead — and still accelerating. The online used-car retailer announced its financial results for the third quarter of 2024 this week, showing “record performance in virtually every key financial measure,” according to its letter to shareholders. Those measures include a net income of $148 million with a net income margin […] [Read More]

A fast-growing company has added an experienced hand to help steer the ship. BlytzPay, an integrated fintech platform designed to modernize the way auto dealers and finance companies invoice, communicate and collect, has named Alison Andreozzi as president and chief financial officer. In a news release, the company said Andreozzi, who brings 25 years of […] [Read More]

In today’s competitive automotive market, American car dealers are constantly seeking ways to improve their used-vehicle inventory acquisition. The disruptions caused by the COVID-19 pandemic have made it challenging to meet consumer demand, with shortages and inflated prices becoming common in traditional sourcing channels like physical auctions. With these obstacles, online auto auctions have emerged […] [Read More]

No dealership group has been more active in acquiring new locations than Group 1. So far in 2024, the Houston-based company has added nine new dealerships in the U.S., with acquisitions in Maryland, California and South Carolina that added an expected $1 billion in annual revenues. And it has exploded in the U.K., doubling its […] [Read More]

Atlantic Canada has become a preferred destination for car thieves. According to data from Insurance Bureau of Canada, auto theft claims have shown an alarming rise in the Atlantic provinces, spiking 12.5% in the first half of 2024 — the nation’s largest increase. And that’s not a new trend, IBC said in a news release. […] [Read More]