Experts are still trying to project how the dramatic bankruptcy filing by Tricolor Holdings is going to impact subprime auto finance for the remainder of the year and beyond. Legal practitioners from Davis+Gilbert and McDonald Hopkins each recently offered perspectives, touching on subjects like fraud and potential lessons the entire industry can learn. Joseph Cioffi […] [Read More]

Car Pros Automotive Group hit the exacta on August. Two of the dealership group’s California stores took the first and second spots nationally for Kia sales for the month, including a record-breaking performance by Car Pros Kia Glendale. The 726 new and used vehicles sold from that location were the most ever in any month […] [Read More]

As September and the third quarter ended last week, so did federal tax incentives on electric vehicles. That and other goings-on in Washington appeared to have some impact on the overall automotive market and were top-of-mind in the monthly vehicle value indices released by Black Book and Cox Automotive this week. Starting with Black Book’s […] [Read More]

Black Book is working with a vehicle upfitter to put a number on the value of its modified products. The provider of automotive pricing and analytical services is integrating with Fox Factory Vehicles, an upfitter/modifier of performance trucks, cars, vans and SUVs for Ford, Chevrolet, GMC, RAM, Jeep and Mercedes Benz, to enable dealerships, lenders […] [Read More]

Carvana’s growing list of combined auction-reconditioning facilities will soon include one in the New York area. The online used-car retailer said it’s adding an inspection and reconditioning center to ADESA Long Island in Yaphank, N.Y. — the 10th such integration to be added in 2025 — which the company said will expand recon capacity and […] [Read More]

Now Amazon has another important part of the automotive retailing business covered. On Tuesday, Amazon Autos announced the addition of three finance companies — Chase, Santander and Wells Fargo — to its growing automotive storefront. According to a news release, dealers can offer loans from available lenders to customers buying their vehicles on Amazon Autos. […] [Read More]

Regulators often gravitate toward consumer risk when constructing and enforcing rules on businesses such as dealerships. The National Independent Automobile Dealers Association recently asked for some clarity from the Consumer Financial Protection Bureau on that subject. NIADA submitted comments to the CFPB on its proposed rule, adopting a standard definition of “risks to consumers” under […] [Read More]

There’s a new look on Canada’s open road. OpenRoad Auto Group has unveiled a new brand identity — OpenRoad Auto — which the dealership group said comes with updated mission and vision statements that reflect its evolution and “commitment to shaping the future of automotive retail.” In a news release, OpenRoad Auto said the new […] [Read More]

AutoCanada added to its collision repair business with the acquisition of Doug’s Place Strathcona, a single-shop collision and refinish repair facility in Edmonton, Alberta. The dealership group said its new addition, which will be rebranded as ACX Doug’s Place, complements its existing collision presence in Edmonton by expanding capacity and broadening OEM and insurance partner […] [Read More]

EVAI, a provider of data analytics and artificial intelligence-driven fleet management technology, has a new brand name and leadership. The company now will be known as Vehicle Management Systems (VMS) with David Prusinski and Muffi Ghadiali coming into leadership positions as co-chief executive officer and strategic advisor, respectively. According to a news release distributed on […] [Read More]