Chuck Redden has become the latest industry leader to join the National Auto Auction Association Hall of Fame. The CEO of AutoTec and affiliate companies Auction Insurance Agency, AutoCheck Auctions, VIN CrossCheck, Centennial Casualty Company and AuctionACCESS was inducted during the 2024 NAAA World Remarketing Convention in Orlando, Fla. The Hall, established in 1968, recognizes […] [Read More]

Carvana has reached a major milestone. The online used car retailer announced Thursday it has sold more than 2 million cars and purchased more than 2 million cars from customers since it was founded in 2013. “Carvana’s mission has always been to change the way people buy and sell cars, and we are honored to […] [Read More]

It’s been nearly 50 years since the Federal Trade Commission rolled out the Trade Regulation Rule Concerning Preservation of Consumers’ Claims and Defenses, better known in compliance circles as the Holder Rule. While much has developed in almost five decades since, FTC attorney Carole Reynolds explained that components and consumer protections associated with the Holder […] [Read More]

The National Independent Automobile Dealers Association recapped several developments on Wednesday, including its new 20 group moderator and consultant for buy-here, pay-here dealers, fundraising to help members impacted by Hurricane Helene and the successes of its 2024 Policy Conference in Washington, D.C. The newest member of the NIADA staff set to join the association on […] [Read More]

Artificial intelligence is working its way into all aspects of dealership operations, and a new integration provides another example. Impel has joined with Cox Automotive’s Xtime to bring its AI-powered customer lifecycle management technology to Xtime’s fixed operations software. In a news release, Impel said its AI continuously mines DMS records and reaches out to […] [Read More]

The National Auto Auction Association (NAAA) and the Automotive Remarketing Alliance (ARA) celebrated Steve Kapusta this week at the 2024 NAAA World Remarketing Convention in Orlando, Fla. The senior vice president of Ally Remarketing Services for SmartAuction received the Ed Bobit Industry Icon Award. Jointly created by NAAA and ARA in 2015, the annually given […] [Read More]

While its defense activities against the Federal Trade Commission are ongoing, Asbury Automotive Group claimed a legal victory in another matter. Late on Wednesday, the dealer group announced the entry of a court order directing CDK Global to provide data for four Asbury dealerships to Tekion Corp. The move is part of a pilot program […] [Read More]

A new study shows drivers in Manitoba need to make sure their collision insurance is up to date. Preszler Injury Lawyers’ analysis of Transport Canada’s 2022 data on road traffic injury reports found Manitoba has the highest rate of injuries, which the law firm said shows its residents have the greatest need for vehicle insurance. […] [Read More]

Automotive Properties Real Estate Investment Trust (REIT) announced it has completed the sale of a dealership property known as the Kennedy Lands in Markham, Ontario, to a member of the Dilawri Group. The $54 million sale was agreed to in July. Dilawri, which operates 82 dealerships in five provinces and the U.S. state of Virginia, […] [Read More]

Numa just got a $32 million boost. The artificial intelligence platform for auto dealerships announced a $32 million Series B funding round, led by Touring Capital, a growth-stage firm focused on AI-powered software, and Mitsui & Co., a global conglomerate that generates $1.2 billion in annual profit from automotive and mobility. Previous investors Costanoa Ventures, […] [Read More]