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Ethiopian Immigrant Achieves American Dream on the Lot

Ethiopian Immigrant Achieves American Dream on the Lot

Teshome Tesfaye, 59, came to the United States as a 21-year-old Ethiopian immigrant with just a few dollars in his pocket. Today he owns Norfolk...

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Penske Finalizes U.K. Used Car Deal

Penske Finalizes U.K. Used Car Deal

Penske Automotive Group has completed the acquisition of CarShop. The U.K. firm retails high-quality used vehicles at fixed retail prices as part of a transparent customer bCarShop has been in...

Compliance News

FTC Provides CFPB with Summary of Enforcements

FTC Provides CFPB with Summary of Enforcements

The staff of the Federal Trade Commission has provided the...

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Dealer News

GWC Warranty Releases Dealer Video

GWC Warranty Releases Dealer Video

GWC Warranty has released the fourth video in the award-winning...

Auction News

Manheim Hosts Monster Truck Sale

Manheim Hosts Monster Truck Sale

Manheim Detroit will host one of the...

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Cox Transporter Sets Record

Cox Transporter Sets Record

Cox Automotive’s Ready Logistics moved more than 194,000 vehicles in January, experiencing its best month...

Legal News

State Suspends Dealer for Selling Temporary Registrations

State Suspends Dealer for Selling Temporary Registrations

The Michigan Secretary of State has suspended the license of Miller Used Cars after an investigation with...

Financial News

Growth in Leasing Drives J.D. Power’s Move into Residual Forecasting

Growth in Leasing Drives J.D. Power’s Move into Residual Forecasting

Leasing continues to grow as a portion of new-car sales, making residual values more important than...