LIFO Tax Relief Bill for Dealers to Be Reintroduced in House

U.S. Reps. Dan Kildee, D-Mich., and Jodey Arrington, R-Texas, plan to reintroduce legislation that would provide tax relief to dealerships that use the "last in, first out" inventory accounting method and have struggled to maintain inventory levels because of the global semiconductor chip shortage.

Car Leasing Plummeted During Pandemic, Could Take Years to Recover

Vehicle leasing — once a path for nearly one-third of American buyers to get behind the wheel of a new car — has faded since the pandemic. Now it is likely to be years before the U.S. lease market returns to normal, executives and analysts say.

New Jersey Dealer Mike DeSilva to Serve as AIADA’s 2023 Chairman

The American International Automobile Dealers Association (AIADA) has named New Jersey dealer Mike DeSilva as its 2023 chairman. DeSilva, who is the co-owner of Liberty Auto Group in northern New Jersey, accepted the chairman’s gavel during an AIADA event in Dallas, Texas on Friday night.