Author Archives: GCADA
GCADA downtown Cincinnati State of Ohio License Bureau supports Cincinnati LifeCenter organ donation campaign
GCADA member Kerry Chevrolet donates CPR manikins
For a ‘threatened business,’ there certainly are a lot of eager buyers
By Larry P. Vellequette It’s no surprise why long-established dealers would consider selling their stores: They see valuations higher than they’ve been in years and that, for some brands, would have been inconceivable just a few years ago. The last two tumultuous years have also generated record profits, perhaps leaving some dealers feeling that their […]
Megadeals shake up Automotive News’ 2022 list of the top 150 dealership groups
The six main public dealership groups topped the list for most stores gained in 2021. Asbury added the most, tacking on 71 stores, closely followed by Lithia, which added 69, and Sonic, which added 56. Group 1 added 35 stores, Penske added 27, and AutoNation added 21. Acquisitions in part are being driven by dealers […]
Car Buyers shun leases as deals and vehicles dwindle
Vehicle property tax relief provided, temporary sales tax cut needed to combat higher prices
All families benefit – not just the wealthy – from vehicle tax relief, temporary sales tax cut By Kentucky Gov. Andy Beshear Kentucky’s economy is on fire, with record-breaking investments and job creation across the commonwealth, and we have the best budget outlook in 25 years. We see our destiny as leaders rapidly approaching, with […]
What’s next as NADA continues the fight for LIFO relief
By NADA Chairman Paul Walser
America’s power grid is increasingly unreliable
Behind a rising number of outages are new stresses on the system caused by aging power lines, a changing climate and a power-plant fleet rapidly going green By Katherine Blunt
FTC used car rule compliance
The original Used Car Rule was promulgated by the Federal Trade Commission in 1985. While there are few dealership employees who were active before the Rule was put in place, there is still some confusion surrounding the completion of the buyers guide. This was caused in part in early 2017 when the Rule was revised, and […]