Recent News

Tesla faces setback in La., fires off subpoenas in Mich.

Louisiana joined the growing list of states banning Tesla's direct-to-consumer sales. And, in Michigan, Tesla is pushing forward in a court case against the state for the same restriction. ... Read More »

Uber loses bid to keep acquisition report secret from Waymo

Uber lost a battle to prevent Waymo from seeing an internal report the Google affiliate is betting will show that its former engineer colluded with Uber to steal driverless technology. ... Read More »

Subprime Auto Originations Fall to 10-Year Low in Q1

SCHAUMBURG, Ill. — First-quarter vehicle registration data reveals that auto finance sources are moving toward more creditworthy car buyers, according to Experian Automotive. The shift pushed subprime auto originations to a 10-year low.And with the total...

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OEConnection, Reynolds buy parts, distribution companies

OEConnection Holdings and dealership software giant Reynolds and Reynolds each have acquired smaller software companies in the parts and distribution area. ... Read More »

Crisorio, Kamal to Chair 2017 Compliance Summit

DALLAS — Organizers of the annual Compliance Summit announced that Brian Crisorio and Tariq Kamal will serve as co-chairs for this year’s event, which will be held as part of Industry Summit Sept. 11–14, 2017, at the Gaylord Texan Resort &...

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EFG Companies Launches Virtual F&I Service

DALLAS — F&I product provider EFG Companies rolled out a new virtual F&I model aimed at powersports and independent dealers, but the executive overseeing the new offering said there are plenty of scenarios that would make the service a perfect fit...

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GM, Tesla: A tale of two shareholder meetings

How does CEO Elon Musk make the "magic happen" at Tesla Motors? Ambien, red wine and a vintage record player. ... Read More »

American Financial Receives Multiple Dealers’ Choice Awards

THE WOODLANDS, Texas — American Financial & Automotive Services Inc. was voted among the leading industry providers in the 2017 Dealers’ Choice Awards. The F&I dealership development company received honors under five different categories by...

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Ford shortens summer shutdown at Louisville plant

Ford is shortening its traditional two-week summer shutdown at its Louisville Assembly Plant because of high crossover demand. ... Read More »

FrogData Hires Renowned Automotive Consultant

LONG BEACH, Calif. — FrogData announced the hiring of David Shear as a senior consultant. In his new role, Shear will focus on improving dealership performance using data analysis from FrogData to drive actions throughout the dealership. FrogData is an analytics...

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