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LEGAL UPDATE: Sean Petersen, NIADA senior vice president of legal and governmental affairs, talks about recent legal issues affecting independent dealers.  One change in Nevada regulates the use of starter-interrupt and GPS devices.

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NAMAD Raises Funds for Disaster Relief

Tuesday, 12 September 2017 00:37

The National Association of Minority Automobile Dealers (NAMAD) has spearheaded the NAMAD Disaster Relief Fund to assist employees and families of NAMAD Dealer Members in areas affected by hurricanes.
In a member-wide "Call to Action," NAMAD has asked dealer members to contribute $2,000 for each dealership they own to this fund.
NAMAD has already collected more than $400,000 towards our goal of raising $1 million.  Even its dealerships in the affected areas have donated. 
All of the monies raised will be distributed to NAMAD member dealer employees and their families to help them deal with the loss of income, housing and stability hurricanes Harvey and Irma have created.

Manheim Index Sets Another Record

Monday, 11 September 2017 01:30

The Manheim Used Vehicle Value Index reached a record high for the fourth consecutive month in August.
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.75 percent month-over-month in August and 3.4 percent year-over-year.  This brought the index to 131.3.
On a year-over-year basis, the mid-sized car category saw the largest decline (down 0.2 percent) in August, while pickups and vans saw gains greater than the overall market. Other car segments like compacts and luxury saw gains in August too.
The average price for rental risk units sold at auction in August was up 1 percent year-over-year, which was the first year-over-year increase since July 2016.  Rental risk prices were up 3 percent compared to July.  
Average mileage for rental risk units in August (at 41,700 miles) was 2 percent above a year ago.  

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NIADA Foundation Organizes Hurricane Relief

Monday, 11 September 2017 01:30

The NIADA Foundation has established an emergency relief fund to provide a venue for members of the National Independent Automobile Dealers Association to assist fellow dealers and others in the automotive community devastated by the effects of Hurricane Harvey.
All contributions received will be donated to provide relief from the effects of flooding, help repair property damage and assist with other disaster-related needs attributable to the catastrophic weather event that struck Houston and other areas along the Texas coast.
 The foundation's goal is to raise $100,000 for the fund.
 Donations will be made in collaboration with the Texas IADA – NIADA's state affiliate – and will be considered on a case-by-case basis as identified through the collaborative disbursement relationship.

CarMax Auctions Salute Customers

Thursday, 07 September 2017 16:11

CarMax Auctions started celebrating Customer Appreciation Month on Sept. 5 for CarMax Auctions registered dealers.
CarMax Auctions customers will enjoy catered meals and giveaways at events held among CarMax’s 73 auction locations nationwide in September and October.
CarMax’s largest West Coast auction facility opened earlier this year in Murrieta, Calif., and will be hosting its first ever customer appreciation event on Oct. 30. The facility is expecting more than 400 people in attendance.

NAMAD Raises Funds for Disaster Relief

NAMAD Raises Funds for Disaster Relief

The National Association of Minority Automobile Dealers (NAMAD) has spearheaded the NAMAD Disaster Relief Fund to assist employees and families of NAMAD Dealer Members in areas affected by hurricanes.In a...

Michelin Recalls Motorcycle Tires for Missing Info

Michelin Recalls Motorcycle Tires for Missing Info

Michelin North America Inc. is recalling 185 Pilot Power 3 replacement sport motorcycle tires, size 180/55ZR17 (73W), manufactured between April 17, 2016 and May 7, 2016. These tires are missing...

  • Columbus Fair Auto Auction Adds Compliance Department
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    Written on Thursday, 28 July 2016 16:58
  • Firm Focuses on Safety
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    Written on Monday, 01 August 2016 12:46
  • BSC America Hires Manager
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    Written on Sunday, 24 July 2016 16:09
  • ADESA Names Dealer Relations Director
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    Written on Wednesday, 28 September 2016 12:23
  • Depreciation Rates Improve
    Depreciation Rates Improve The average price of a used vehicle for model years 2011-15 depreciated by 1.5 percent during July, slightly better than June’s 1.7 percent, according to Black Book. The market performance…
    Written on Wednesday, 10 August 2016 14:59
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    NAAA Offers Support for Flooded Sale National Auto Auction Association President Mike Browning drew attention to the victims of the flooding in Louisiana in a letter to members on Aug. 19, spotlighting member Oak View Auto…
    Written on Friday, 19 August 2016 14:40
  • Penske Reports Mixed Results
    Penske Reports Mixed Results Penske Automotive Group Inc. reported mixed results for its used-car operations in the second quarter.Used unit retail sales rose 6.8 percent, but same-store used unit retail sales declined 2.6 percent.Same-store…
    Written on Monday, 01 August 2016 17:56
  • City Honors Auction for Community Involvement
    City Honors Auction for Community Involvement Manheim Seattle won the City of Kent's “Best of Kent” award for the fifth consecutive year, qualifying the auto auction for the Kent Business Hall of Fame. The award is…
    Written on Wednesday, 03 August 2016 15:07
  • Cox Promotes Strategy VP
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    Written on Thursday, 03 November 2016 20:51
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    Association Honors Charitable Auction ADESA Winnipeg, located in Winnipeg, Manitoba, Canada, has earned the inaugural 2016 Eastern Auction of the Year Award from the National Auto Auction Association. The award honors excellence in community…
    Written on Friday, 19 August 2016 14:40