Steve Jordan has resigned his position as CEO of the National Independent Dealers Association after 11 years of dedicated service to the association to pursue another career opportunity in the…
A Florida man was recently arrested and charged with fraudulently obtaining $3.9 million in Paycheck Protection Program (PPP) loans and using those funds, in part, to purchase a sports car…
J.D. Power announced it has entered into an agreement to purchase ALG Inc., from TrueCar, Inc., for $135 million. ALG is an industry authority on automotive residual value projections in…
The Federal Trade Commission filed a complaint against Yellowstone Capital, Fundry, founder and CEO Yitzhak Stern, and president Jeffrey Reece, alleging they unlawfully withdrew millions of dollars in excess payments…
Cadillac’s introduction of its electric portfolio began this month with the debut of the Lyriq show car — a fully electric luxury crossover. The propulsion system and supporting technologies position…
The U.S Labor Department, in the week ending Aug. 1, announced the advance figure for seasonally adjusted initial unemployment claims was 1,186,000, a decrease of 249,000 from the previous week’s…
J.D. Power reported sales of used vehicles at franchise dealers were 3 percent above the pre-virus forecast for the week ending Aug. 2. Used retail prices continued to rise, increasing…
Buffalo Auto Auction has retained TPC Management to provide the company with strategic consulting services. For more than 20 years, TPC has provided consulting programs to a variety of automotive…
Carvana reported 55,098 retail units sold in the 2nd quarter, an increase of 25 percent from Q2 2019. Revenue totaled $1.118 billion, an increase of 13 percent from the same…
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