Joseph Pompo, who was corporate director of finance, reinsurance and taxation for the dealership group, is accused of forming a reinsurance company using dealership funds without his employers' consent.

Digital retailing is one method dealers have to combat comparisons such as the one drawn in Vroom's Super Bowl ad.

As millions of Americans face foreclosure and eviction, credit bureau TransUnion is concerned that automotive loans and leases could be the next troubled consumer segment.

Senior executives at the American Financial Services Association discussed a spate of regulatory hurdles facing auto lenders from the federal and state levels in the years ahead.

Though a federally run credit-scoring agency is unlikely, the desire for greater transparency in how scores are created and maintained remains.

Despite industry headwinds, all six public retailers reported higher F&I profit per vehicle retailed.

Two industry reports indicate subprime automotive originations lagged in the fourth quarter, while those customers with auto loans faced the highest levels of delinquency and financial hardship.

Earl Stewart Toyota's team of 10 people who search for available vaccinations reached a milestone this month when all 24 of the store's at-risk or older employees were able to get their shots.

The Cox subsidiary rolled out Dealertrack Digital Contracting Choice, a tool that allows a dealership to submit contracts digitally to lenders that rely on paper documents.

Experts at the National Automobile Dealers Association's virtual conference discussed the likely uptick in federal scrutiny under an emboldened Consumer Financial Protection Bureau and Federal Trade Commission.

The launch is part of a growing trend in recent years of dealership groups investing in the development of dealership software and then bringing those tools to market.

When first-time car dealers Bill and Jane Fox entered auto retail, it was a much cheaper endeavor. After 45 years in the business, they found that passing the torch to the next generation is fraught with financial hurdles.

The association estimates 15.5 million U.S. new light-vehicle sales in 2021, a 9.4 percent drop compared with the pre-pandemic 2019.