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]

An Atlanta-based dealership group has added two more stores in the metro area. ALM Automotive Group acquired Hennessy Mazda and Hennessy GMC in suburban Morrow, Ga., from Hennessy Automobile Companies, according to Kerrigan Advisors, which represented the seller in the transaction. ALM, owned by Khush Bhatia, operates 19 dealerships in Georgia and the Carolinas, 14 […] [Read More]

As Carolina Auto Auction was hosting its regular weekly sale on a Wednesday morning in late September, CEO Eric Autenrieth and general manager Vann Humphrey were some 900 miles away in Kansas City, Mo., attending the National Auto Auction Association’s World Remarketing Convention. No worries —the Williamston, S.C., auction is set up to run like […] [Read More]

OPENLANE has named longtime finance executive Bill Wright as vice president of investor relations to serve as the primary liaison communicating OPENLANE’s vision, strategy and growth to stockholders and the broader financial community. “Bill is a seasoned IR leader with a proven track record delivering results that drive stockholder value,” OPENLANE executive vice president and […] [Read More]

Hertz’s new chief operating officer has extensive experience. In fact, it extends all the way to outer space. The global rental car giant has promoted Mike Moore — who previously led spaceline technical operations for space tourism company Virgin Galactic — to executive vice president and COO, giving him “direct, end-to-end responsibility” for all fleet […] [Read More]

Next Monday will mark the beginning of Timothy Mackay serving as president and CEO of Landmark Credit Union, which has more than $7 billion in total assets, 35 branches, more than 400,000 members and more than 1,000 employees. Mackay will succeed Jay Magulski, who shared his plans to retire from Landmark earlier this year. “We’ve […] [Read More]

Two banks that might already be in your dealership network of auto-finance providers are coming together. Fifth Third Bank and Comerica Bank announced on Monday morning that they have entered into a definitive merger agreement under which Fifth Third will acquire Comerica in an all-stock transaction valued at $10.9 billion. According to a news release, […] [Read More]