Recent News

More auctions, revenue lift profits at ADESA&’s parent

Rising vehicle volume and revenue per vehicle sold at ADESA helped boost income at its parent, KAR Auction Services, 4 percent to $54.4 million in the third quarter. ... Read More »

Harry’s in a Slump

Even the best of us can fall into a slump. But when my friend Harry, a top salesman at his General Motors store in small-town America, messaged me through Facebook a few months ago, I could feel his pain through his words.“Hey buddy, I am in the worst slump...

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Overcoming Helicopter Parents

Our question this month comes from Deano in Knoxville, Tenn., home port of the Volunteer Navy. Yeah, it sounds much better than drunks on a boat. Deano asks, “What do you do when you’ve shown your customer the menu and everything on it makes sense to...

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Product Providers Talk F&I Production, What’s Driving It, and How Digital May Impact It

Like most discussions about the current state of the F&I industry, Industry Summit’s “From the Boardroom” panel session kicked off with the usual talk about F&I production and what’s driving it. But as the clock ticked on and the...

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Leading the Pack

Her gasp radiated throughout the Paris Las Vegas’ Champagne Ballroom. Joe Amendola of The Warranty Group had just announced F&I and Showroom’s 2016 F&I Dealer of the Year. And for a stunned Sue Bowman, Sam Pack’s Five Star Ford of Lewisville...

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Ford’s Canadian union workers to vote on new contract

Ford workers represented by the Canadian union Unifor were set to vote this weekend on whether to ratify a four-year contract that includes $530 million (C$713 million) in investments. ... Read More »

In battleground states, online shopping falls as dealers forgo higher digital ad costs

Vehicle online shopping traffic has dropped in the months leading up to the November presidential election in battleground states as dealers forgo higher digital advertising and paid search costs, said. ... Read More »

Tesla’s Motors’ SolarCity deal gets a boost from shareholder advisory firm

Institutional Shareholder Services today recommended that investors in both companies approve Tesla Motors' plan to buy solar panel installer SolarCity for more than $2 billion. ... Read More »

Copart Announces Land Expansion, Activation Across Five States

DALLAS — Copart Inc., a global online vehicle auction company, announced the activation of reserve land in Georgia and Virginia, in addition to the expansion of existing locations in the Carolinas and Florida. The land expansions and activations are connected...

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FCA to close Michigan museum, convert to office space

The Walter P. Chrysler Museum near Detroit will close again on Dec. 18 and be converted into additional office space for Fiat-Chrysler Automobiles, the automaker said today. ... Read More »