$630 Million Proposed Settlement in Vendor Lawsuit Against CDK Global
Reading through the proposed vendor lawsuit led by AutoLoop against CDK – filed late last night. Here are the initial key points of the settlement: 1. CDK to pay $630 million to the vendor class 2. Four installments ($450 million immediately, and $60 million... Appeals Court Vacates Pending FTC CARS Rule
If you’ve ever questioned the value or effectiveness of the National Automobile Dealers Association (NADA), look no further than the decision handed down this evening by the United States Court of Appeals for the Fifth Circuit, vacating the dreaded CARS Rule the...
Cars.com Makes Wholesale Play
January 24, 2025 — Cars.com announced today that it has acquired DealerClub, a digital wholesale auction platform, in the industry’s transaction of 2025. The purchase positions Cars.com, which rebranded as CarsCommerce in late 2023, for a significant play... Hyundai’s Randy Parker Talks About the Amazon Retail Initiative
January 23, 2025 — Randy Parker, newly appointed as CEO of Hyundai and Genesis North America, discussed the Amazon relationship this morning at the American Financial Services Association conference in New Orleans: (Paraphrasing on the fly – not direct...
