October 26, 2021
News
Auction Academy’s 7th Class Group Begins
Staff Writer
October 26, 2021
Auction Academy will finish 2021 with a flurry of activity, with two important events set for November, according to Academy President Penny Wanna. Coming up first is the inaugural meeting…
Hertz Orders 100,000 Teslas
Staff Writer
October 26, 2021
As consumer interest in electric vehicles skyrockets, Hertz hopes to offer the largest EV rental fleet in North America and one of the largest in the world. This investment includes…
Consumer Confidence Increases
Staff Writer
October 26, 2021
The Conference Board Consumer Confidence Index increased in October, following declines in the previous three months. The Index now stands at 113.8 (1985=100), up from 109.8 in September. The Present…
Asbury Reports Record Q3 Income
Staff Writer
October 26, 2021
Asbury Automotive Group, one of the largest automotive retail and service companies in the U.S., reported record net income for the third quarter 2021 of $147.0 million ($7.54 per diluted…
NADA Elects 2022 Chairman
Staff Writer
October 26, 2021
The 65-member board of directors of the National Automobile Dealers Association elected Mike Alford as its 2022 chairman. “It is an honor and privilege to be elected to serve as…
Dealers Host EV Event for Lawmakers
Staff Writer
October 26, 2021
The 425 new-car dealers of the Greater New York Automobile Dealers Association hosted an Electric Vehicle Ride+Drive event at the association’s Education Center in Whitestone, Queens. The outdoor event was…
Performant Acquires Bolt On Technology
Staff Writer
October 26, 2021
Performant Capital purchased a leading SaaS provider of automotive service workflow software tools, Bolt On Technology. Performant will integrate Bolt On with existing portfolio companies MyShopManager and Unotifi. The resulting…
Volvo Announces Recall
Staff Writer
October 26, 2021
Volvo Cars USA is recalling certain 2001-2007 V70 and XC70 vehicles. The driver’s air bag inflator may explode during deployment, due to propellant degradation occurring after long-term exposure to high…
Manheim Expands Arbitration for Ready Logistics
Staff Writer
October 24, 2021
Manheim is giving clients another reason to be confident when buying digitally and shipping with Ready Logistics—two extra days to arbitrate if a vehicle arrives outside of the standard 10-day…
