CarMax Q1 revenue totals nearly $8B: 'We remain confident in our ability to meet our long-term targets'
CarMax on June 1 began their new quarter which reports they had a record breaking Q1. Read More »
CarMax on June 1 began their new quarter which reports they had a record breaking Q1. Read More »
Carlock Automotive Group has added its first Honda franchise to its more than 15 franchises with its acquisition of a Birmingham, Alabama, Honda dealership. Read More »
The U.S. Department of Transportation's National Highway Traffic Safety Administration (NHTSA) recently released a report showing that 130 crashes occurred with vehicles possessing SAE Level 2 advanced driver assistance systems. Read More »
Toyota Motor Corp. is planning to cut its July production plan by 50,000 vehicles as a result of ongoing global semiconductor shortages caused by impacts as a result of the COVID-19 pandemic. Read More »
Hyundai Motor Group has signed an agreement to partner with Michelin for the development of tires for electric vehicles over the next three years, a news release said. Read More »
Brown Automotive Group's Fairfax Mazda recently held a groundbreaking ceremony for its new dealership in Fairfax, Virginia. Read More »
Diehl Automotive Group of Butler, Pennsylvania, has announced the addition of three new dealerships acquired from two transactions, bringing Chevy, Toyota and Kia to the automotive group's selection. Read More »
Bosch recently announced plans to invest $420 million in its North American automotive business for electrification after facing supply chain shortages. Read More »
Cox Automotive's Manheim Used Vehicle Value Index shows wholesale used vehicle prices increased in May and were almost 10% higher than the previous year. Read More »
LiDAR autonomous vehicle startup Vueron Technology ("Vueron") has succeeded to obtain an autonomous vehicle permit that uses only one LiDAR sensor that no one has yet tried in California, where the numerous autonomous vehicle companies are fiercely competing. Read More »
Global software and services provider Wolters Kluwer recently found that auto finance deals had a 109% growth in 2021 as more dealerships are moving towards digitized loan and document management. Read More »
All-New Sequoia Builds Upon Three-Row Toyota SUV Heritage Read More »
J.D. Power acquired Tail Light's F&I menu and reporting services Read More »
Victory Honda in Canandaigua New York was purchased by West Herr, officially reopening for business on May 28 at its new location, 2311 Rochester Road in Canandaigua. Read More »
Dealerships have faced multiple new industry regulations with more strict compliance requirements since the passing of the Dodd-Frank Act and the formation of the Consumer Finance Protection Bureau in 2018. Read More »
Leading car maker joins Avanci’s essential patent marketplace for connected vehicles Read More »
Penske Automotive Group has purchased Hyundai and Genesis dealerships in Indianapolis as its latest expansion, according to a press release on Markets Insider. Read More »
The Red Flags Rule, enforced by the Federal Trade Commission (FTC) and several other agencies, is a rule meant to protect consumers and businesses from the growing risk of identity theft. Read More »
Over 100 years ago, in 1909, Frank Covert Sr. opened the first automobile dealership in central Texas. Read More »
Risk management in the auto industry is an important process for dealerships to ensure that its factors — including their financial services license — are not revoked, platform crashes are prevented and other crises do not ensue. Reviewing the following key aspects of a risk management plan could be the difference between compliance and disaster. Read More »