Latest Online Edition  Read Here

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.

manheim seattle manheim seattle

Rite Aid CEO Joins CarMax Board Featured

CarMax Inc. announced that its board of directors has elected John T. Standley to membership on the board, bringing total board membership to 12.

Standley will serve on the Audit Committee.

Standley is the chairman and chief executive officer of Rite Aid Corp. He has served as CEO since 2010 and chairman of the board since 2012.

Standley was president of Rite Aid from 2008 until 2013 and its chief operating officer from 2008 until 2010. He previously served as CEO and as a director of Pathmark Stores from 2005 to 2007.

Last modified on Thursday, 18 August 2016 16:55
Rate this item
(0 votes)
Consumer Reports Ranks Brands For Reliability

Consumer Reports Ranks Brands For Reliability

Toyota and Lexus once again finished atop the Consumer Reports’ Annual Auto Reliability Survey, but the news was the No. 3 finisher – Buick.The General Motors division became the first...

Indian Recalls Motorcycles for European Headlights

Indian Recalls Motorcycles for European Headlights

Indian Motorcycles Co. is recalling 2,096 2017-18 Chief, Chief Classic, Chief Dark Horse, Chief Vintage, Chieftain, Chieftain Classic, Chieftain Dark Horse, Chieftain Elite, Chieftain Limited, Springfield, and Springfield...

  • Research Firm Highlights Autos
    Research Firm Highlights Autos Stock-Callers.com spotlighted auto dealership groups in its recent stock research report.It stated the auto dealership industry, which continues to benefit from an improved labor force, cheap gas and low interest…
    Written on Tuesday, 16 August 2016 14:34
  • FTC Accuses Dealers of Yo-Yo Financing
    FTC Accuses Dealers of Yo-Yo Financing The Federal Trade Commission has charged nine Los Angeles-area auto dealerships and their owners with using a wide range of deceptive and unfair sales and financing practices. This is the…
    Written on Sunday, 02 October 2016 18:53
  • Delinquencies Rise, Outlook Remains Stable
    Delinquencies Rise, Outlook Remains Stable The seasonably slow summer months are translating to notable increases in annualized losses and delinquencies for U.S. subprime auto loan ABS, according to the latest index results from Fitch Ratings.…
    Written on Thursday, 25 August 2016 14:00
  • Reynolds Continues Library Rollout
    Reynolds Continues Library Rollout The Reynolds and Reynolds Company today announced that Reynolds Document Services has developed 30 state-specific Reynolds LAW brand finance and insurance (F&I) documents libraries, surpassing the midway point to a…
    Written on Thursday, 22 September 2016 17:00
  • Lender Relationships Critical to Dealer Success
    Lender Relationships Critical to Dealer Success The relationships auto finance providers develop with dealerships are critical to dealer satisfaction and to remaining competitive in the market, especially as the new-vehicle sales market tightens, according to the…
    Written on Monday, 15 August 2016 14:53
  • Auto Finance Remains Strong, But Concerns Increase
    Auto Finance Remains Strong, But Concerns Increase Delinquencies and losses on prime auto loan ABS remained historically low through June, despite slow growth in the U.S. economy, according to Fitch Ratings. Most economic factors that affect ABS…
    Written on Friday, 05 August 2016 14:32
  • Franchise Employees Get a Raise
    Franchise Employees Get a Raise The average annual compensation for employees at new-car dealerships working in all positions was $69,718 in 2015, an increase of 1 percent from the previous year, according to a new…
    Written on Sunday, 02 October 2016 18:53
  • Margin Between Trucks, Cars Widens
    Margin Between Trucks, Cars Widens Average wholesale values fell modestly and in line with typical seasonal patterns in August. According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices by Vehicle Model Class,…
    Written on Tuesday, 27 September 2016 14:19
  • Drivin Expands Partnership with Bank
    Drivin Expands Partnership with Bank Drivin is expanding its partnership with Silicon Valley Bank with a new $6.5 million senior debt facility.This new financing will accelerate Drivin's growth initiatives and enable Drivin to continue its…
    Written on Monday, 26 September 2016 03:09
  • Fiserv Introduces Tools for Finance Companies
    Fiserv Introduces Tools for Finance Companies Fiserv Inc. announced the launch of a multi-tier implementation model for its Auto Loan Origination System (LOS) and Automotive Account Servicing solutions to help new entrants expand into auto financing…
    Written on Tuesday, 27 September 2016 01:34