A lifelong resident of Indianapolis, Reinbold founded Dreyer & Reinbold Racing in 1999 and fielded a variety of drivers in the IndyCar series.
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Since a group of Byrider franchisees acquired the company in September 2024, it has installed a new senior leadership team, made a major investment in software technology and made other changes to lay the groundwork for a return to growth.
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Prices have never been higher — and the auto loans are bigger and longer than ever to make purchases possible. The auto industry is increasingly worried how much more consumers can take.
Did high prices, high interest rates or tariff uncertainty scare you off from buying a new car this year? You’re in good company.
The old ticker symbol is a holdover from OpenLane’s previous name, KAR Auction Services Inc. The new symbol debuts at the open of trading Dec. 26.
The younger Rohrman, 41, worked his way up through roles as sales manager, used car manager, new car manager and general sales manager before leading his first store about 15 years ago.
Ford joins Hyundai on the Amazon Autos portal, which allows car buyers to browse, finance and purchase a used car by clicking on the familiar “add to cart” icon.
Most industry observers forecast a slowdown in EV sales in the coming quarters, because without the federal incentives, the vehicles are still more expensive than gas-powered cars.
Six-year loans, at one time considered the upper end of the range, are now the most common, accounting for 36.1% of loans in the second quarter.
The major car companies say sales rose sharply in March, with most reporting double-digit gains.
Indianapolis-based Ray Skillman Auto Group has submitted plans to the town of Whitestown to build its first car dealerships in the northern suburbs.
The Beck dealership began selling vehicles near the intersection of U.S. 31 South and Stop 11 Road in 1986.
In addition to the three U.S. carmakers, several other nonfinancial businesses are interested in seeking regulatory permission to launch their own banks.
Indiana Attorney General Todd Rokita’s office reached settlements with dealers in Indianapolis, Warsaw and Boone and LaGrange counties.
The modernized showroom and service center, which would replace the company’s existing Porsche facility nearby on East 96th Street, would occupy an outlot that formerly was home to a Steak ‘n Shake.
Across the industry, auto analysts say, an “affordability shift” is taking root. The trend is being led by people who feel they can no longer afford a new vehicle that would cost them roughly today’s average selling price.
The suit claims Indianapolis-based Graham Rahal entered into a purchase agreement with the plaintiff but failed to deliver the vehicle.
How does someone who’s still on the racing circuit keep so many plates spinning? And why did he put this high-end automotive wonderland in Zionsville? Rahal addresses those and other questions.
A Cox Automotive report finds that car repossessions nationwide are up 23% over last year and 14% compared with the first half of 2019.
Each auto company has unique problems, but common to many are growing stockpiles of pricey vehicles on dealer lots, requiring increased discounts to sell them to buyers with stressed-out household budgets.
The Indiana attorney general’s office said Sycamore Cos., which operates four used car dealerships under the Honest Abe name, deceived customers about the true cost of financing a vehicle purchase.
AutoNation said that certain ancillary services are still limited or unavailable, including those that help automate ordering, scheduling, payment and reporting processes.
