Carvana is headed for the Daytona 500 after announcing a continuation of its partnership with Hall of Fame driver Jimmie Johnson and his Legacy Motor Club for 2024. Johnson, a seven-time NASCAR Cup Series champion and 2024 inductee into the NASCAR Hall of Fame, has partnered with Carvana since 2021, when he competed in the […] [Read More]

It’s a challenging time to be in the car market. A host of colliding economic factors have reduced new car production, limited dealer inventory and driven the cost of new and used vehicles to record highs. At the same time, buyers are being burned by inflationary pressures as rising interest rates have increased borrowing costs. […] [Read More]

TD Bank Group, which includes TD Auto Finance, is the recipient of two innovation awards for the third year in a row. The bank group has been recognized by the Business Intelligence Group (BIG) through the 2024 BIG Innovation Awards. TD received the awards “for providing accessible digital experiences and driving forward-focused enterprise innovation. The […] [Read More]

GM Canada has a new leader with the appointment of Kristian Aquilina as its new president and managing director. Aquilina was promoted from his previous role as vice president of vehicle sales, service and marketing at GM Canada. Aquilina reports to Marissa West, who was named senior vice president and president of GM North America […] [Read More]

For the second time in a little more than a month, Cox Automotive is liquidating an asset. On Tuesday, F&I Sentinel announced it has reached a definitive agreement to acquire Express Recoveries from Cox Automotive. As part of the transaction, Cox Automotive’s Express Recoveries team that currently supports the business will transition to the F&I […] [Read More]

Two of America’s largest dealership groups have been selected among the nation’s 100 best large companies to work for. Zeigler Auto Group, which operates 41 dealerships in the Midwest among other businesses, and Penske Automotive Group, owner of some 500 dealerships worldwide, were both among the 100 companies with at least 1,000 employees chosen for […] [Read More]

Cox Automotive and Subaru of America recently highlighted their latest philanthropic efforts that involved a wide range of activities. Cox Automotive is calling its new effort Project Pink, which is an initiative to celebrate diversity among its Fleet Services and Manheim technicians and support breast cancer awareness. Meanwhile with temperatures throughout much of the U.S. […] [Read More]

As president of the National Auto Auction Association, Eric Autenrieth knows that security issues are affecting the auction industry in more ways than just theft of vehicles or catalytic converters. Criminals are tapping into bank accounts. They are stealing usernames and passwords. “You don’t know about it … for 30 days, and by then the […] [Read More]

Federal standards and incentives aimed at preventing climate change and promoting the adoption of electric vehicles are on cruise control, but dealers are seeing their EV sales stall. According to dealers, their trade associations and industry analysts, consumers are put off by the prices of EVs — which are generally steeper than internal combustion engine vehicles. Additionally, vehicle buyers’ concerns about availability of charging stations and how far an EV can go on a single charge are sales barriers too, they agree. The federal push toward EVs is ... [Read More]

Dealership buy-sell advisory firm Haig Partners has named longtime auto industry executive Dave Rowe as its new managing director. The company said Rowe will serve clients nationwide, but will focus primarily on Texas and other states in the Central and Southwest regions. Rowe said in a news release that he has always admired Haig Partners […] [Read More]