The father-and-son operators of a New York used-car dealership face charges of concealing millions of dollars of profits on their tax returns. According to the federal indictment, Mehdi Moslem and…
The average interest rate for a new-vehicle loan dropped for the third month in a row in July, hitting its lowest level of 2019. According to Edmunds, the annual percentage…
Hyundai Motor America is recalling 8,059 2018 Genesis G80 and 2017-18 Genesis G90 vehicles equipped with 3.3-liter turbocharged engines. The turbocharger oil supply pipe may have a loose seal, causing…
ADESA named Scott Drehs to the newly created role of vice president of major dealer accounts. Drehs, a 30-year auto industry veteran, joins ADESA after serving in leadership roles for…
Credit Acceptance Corp. announced consolidated net income of $164.4 million for the second quarter compared to consolidated net income of $151 for the same period in 2018. The company also…
Acura announced significant enhancements to the brand's certified pre-owned (CPO) vehicle program, including an extended limited warranty that doubles the non-powertrain coverage period. Acura's certified pre-owned vehicle limited warranty non-powertrain…
Columbus Fair Auto Auction (CFAA) announced its third event sale of 2019 will take place Aug. 7. The sale will have the theme “The Fair at Columbus Fair.” The sale…
Annette Chapman took over the reins of the Michigan Independent Automobile Dealers Association Oct. 14, replacing Lisa Michael. “I’ve worked in customer service and sales for, pretty much, 25 years,”…
IAA Inc. has acquired DDI Technology for approximately $17 million. DDI is an electronic lien and title technology firm directly integrated with over 5,370 financial institutions as well as DMVs…