Recent News

Top-Flight F&I Directors Join F&I Think Tank Roster

DALLAS — Three former F&I Pacesetters, including F&I and Showroom’s 2016 F&I Dealer of the Year, will be at Industry Summit 2017 for F&I Think Tank’s “The Director’s Chair,” organizers confirmed today. Industry...

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Lithia’s acquisition in Calif. adds $1 billion in revenue

Lithia Motors said it bought Downtown Los Angeles Auto Group, also known as Shammas Automotive Group, adding $1 billion in annual revenue. ... Read More »

Musk revs up Tesla bond buyers, raises $600 million in a few hours

Tesla's Elon Musk is selling his dream. Bond investors seem to be closing their eyes and buying it. Musk on Monday came away with orders for $600 million after just a few hours. ... Read More »

Uber considering sale of U.S. car-leasing business, report says

Ride-hailing company Uber is evaluating options for its capital-intensive U.S. car-leasing business, including a sale of the unit, a source familiar with the matter told Reuters. ... Read More »

Faraday to lease former tire plant in California

Struggling EV startup Faraday Future will use an existing California factory for its first production vehicle, due in 2018, pivoting from an earlier plan to build a plant in Nevada. ... Read More »

As Toyota and Mazda scour the U.S., Mississippi opens arms

As Toyota and Mazda begin to scour the U.S. for where to put the first auto assembly plant announced under President Donald Trump, one state looks like a frontrunner: Mississippi. ... Read More »

Gruber to Helm Leadership Panel at PALS

DALLAS — Organizers of the annual P&A Leadership Summit have announced that Kristen Gruber, president of Dealers Assurance Company (DAC), will moderate a panel discussion dedicated to leadership at the event, which will be held Sept. 12–13 at the...

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Former NADA President and Foundation Chairman Robert P. Mallon Dies at 83

TYSONS, Va. — Robert P. Mallon, former president of the National Automobile Dealers Association and chairman emeritus of the National Automobile Dealers Charitable Foundation, died on August 3. He was 83.Mallon served on NADA’s board of directors...

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Jumpstart: Subcompact SUVs/CUVs Make Gains in First Half of 2017

SAN FRANCISCO, Calif. — Jumpstart Automotive Media today released its monthly share of shopper interest data. The report reveals that subcompact SUVs and CUVs saw a 37% increase in interest across Jumpstart’s portfolio of sites in the first half of...

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Manheim Used Vehicle Value Index Posts Third Consecutive Record High

ATLANTA — The streak continued in July, with the Manheim Used Vehicle Value Index recording its third consecutive record in July. Driven by the 0.75% month-over-month increase in wholesale used-vehicle prices, the index rose 2.6% from a year ago to 130.1,...

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