Walsh has been with Reynolds his entire 38-year career, most recently serving as the company’s president.Reynolds and Reynolds The Reynolds and Reynolds Co. announced Chris Walsh has been appointed acting CEO. Former CEO Tommy Barras is no longer with the company.Walsh has been with Reynolds for the entirety of his 38-year career, most recently serving as…

Another automaker has run afoul of the California New Car Dealers Association, which accuses it of illegally selling vehicles direct. The high-end electric Afeela brand, a joint venture established between American Honda Motor and Sony Honda Mobility in 2022, is open to buyers in California for an estimated mid-2026 delivery time frame. The CNCDA, which…

Days’ supply was up by two days as April came to a close. Pexels/Engin Akyurt Used-vehicle sales waned in April after jumping on the combination spring “bounce” and trade tariff-induced surge. The 1.6 million units in U.S. retail sales by franchised and independent auto dealers made for a 4% month-over-month dip, but that was still…

Annual observance will be marked on May 19. Spectrum Automotive Holdings In a new annual observance to recognize auto retailers’ contributions to the industry, Spectrum Automotive Holdings has designated May 19 as National Automotive Dealer Day. The company registered the observance to recognize the economic and cultural contributions of auto dealers. It encouraged industry professionals…

Electrical systems were the leading cause of recalls in the quarter by both the number of recalls and affected units. Pexels/Daniel Andraski The lowest number of vehicles was recalled in the first quarter than in any quarter in more than a decade, and the quarter also saw the second lowest recall event total in almost…

While income growth held steady for the month, it wasn’t enough to offset about a 3% increase in the average new-vehicle price, along with a dip in incentives. Pexels/Erik McIean Affordability of new vehicles dipped in April after improving over the first quarter. Cox Automotive blamed U.S. trade tariffs for pulling conditions back down after…

Offering affordable payments tied to consumer pay cycles is more than a strategic advantage—it’s a necessity.  Pexels/Jonathan Borba As the automotive industry evolves, so do the financial challenges faced by both consumers and dealers. Rising vehicle prices and elevated interest rates have pushed monthly car payments to record highs, creating significant affordability barriers for many…

Ron Reahard, founder and president of F&I training firm Reahard & Associates Reahard & Associates Reahard & Associates Inc. today announced the release of the latest version of F&I Insight, the premier F&I transaction recording and review service designed for F&I professionals to improve training, ensure compliance, protect dealerships and increase profits. Today dealers need…

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