Ready Auto Transport has announced it will be one of the lead sponsors for the Ride 430 Challenge. The fundraising occasion is a four-day, 430-mile biking event aimed at raising money for injured military personnel and their families. The challenge, which had its first iteration in 2008, has raised more than $1.8 million for military […] [Read More]

Manheim announced today it has chosen a new Canadian vice president. Appointed to the position is Danny Fayad, who will serve as vice president of sales and business development for Canada. In his new position, the VP will lead both the commercial and dealer account teams in Canada, the company said. He will also be […] [Read More]

Brake fluid diagnostic purveyor Phoenix Systems announced a new partnership last week to offer the company’s Project Stop Safe system to members of the National Independent Automobile Dealers Association. The goal of the program, which facilitates Phoenix System’s brake fluid safety inspection, is to give NIADA members the opportunity to equip their dealerships with the […] [Read More]

Do the math on this one: Bourne’s Auto Center is stocking less and selling more. Previously, the number of used retail units that the store kept in its inventory was in the high 300s, said general manager Michael Kelley. This year, the Boston-area independent dealer has reduced that number to around 312. However, its used […] [Read More]

There is the expectation out there that off-lease volume is set to spike in the second half of the year, and Tom Kontos echoes that sentiment. In an interview with Black Book editorial director Ricky Beggs, Kontos — the chief economist at ADESA — talked on key aspects of the wholesale industry such as retail […] [Read More]

The 2015 National Automobile Dealers Association Convention & Expo, which will be hosted in San Francisco from Jan. 22 through Jan. 25, announced a few prominant keynote speakers on Monday, including Jeb Bush, Jay Leno and Beck Weathers. The NADA convention, in its 16th time in San Francisco since 1948, will have its first keynote […] [Read More]

On Monday, Ally Financial and TIME opened the nomination period for the 2015 TIME Dealer of the Year program, which has incorporated a new strategy to determine who will be in the running for the honor. The process kicked off at the annual Automotive Trade Association Executives (ATAE) Summer Conference in Laguna Niguel, Calif. This […] [Read More]

When it comes to the private retail industry — ranging from clothing and specialty foods to grocery stores and gas stations — used-car dealerships lead the pack for sales growth and profitability. That’s according to financial information company Sageworks, who reported sales growth and profitability among used-car dealerships is higher than for all privately held […] [Read More]

The National Auto Auction Association will hold its next round of Auction Standards Training about one month from now, as it will offer a course on vehicle grading (AutoGrade) at Manheim Dallas on Aug. 18 and Aug. 19. Day 1 will include a damage analysis overview, and Day 2 will include a structural damage overview. […] [Read More]

The Consumer Financial Protection Bureau recently clarified its regulatory position to ensure the agency is aligned with last year’s Supreme Court decision regarding same-sex marriages. The bureau recapped the court struck down Section 3 of the Defense of Marriage Act as unconstitutional last June. In order to fully implement this decision, the CFPB took steps […] [Read More]