John Irwin

Reporter
Phone: 313-446-6013
E-Mail: jirwin@crain.com
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Recent authored articles

Negative equity adds to GAP losses

Guaranteed Asset Protection claims — and losses — are on the rise, and ballooning negative equity appears to be partially to blame.

Negative equity adds to GAP losses

Guaranteed Asset Protection claims — and losses — are on the rise, and ballooning negative equity appears to be partially to blame.

Falling used-vehicle prices fuel the growth in negative equity

Falling used-vehicle prices are exacerbating the growing problem of negative equity on trade-ins, experts say. It's not going to get better anytime soon.

AiM CEO Yates retires effective immediately

Jim Yates, a co-founder of vehicle inspection and software company Alliance Inspection Management, retired from his role as CEO effective immediately.

Carvana finances 70% of its customers

About 70 percent of online used-vehicle retailer Carvana's customers choose to finance their vehicles through the company.

Carvana Q1 net loss surges on expansion outlays

Carvana, in its first quarterly report as a publicly traded company, reported a sharply wider loss on costs related to its expansion even as revenue surged.

Online auction ACV adds 8 markets

ACV's expansion to eight additional markets shows that, despite the collapse of Beepi, there are still other startups seeking to find a niche in the remarketing world.

Public dealership groups still see potential in used vehicles

Publicly traded dealership groups are proceeding with used-only store plans in the face of declining new-vehicle sales, despite shrinking first-quarter used profits.

Online dealer delivers for mail carriers

An online used-vehicle retailer specializes in an obscure but profitable niche — right-hand-drive Jeep Cherokees from Japan.

Off-lease vehicles could send U.S. sales tumbling, analyst warns

UPDATED: 5/25/17 5:50 pm ET - adds details

An incoming "tsunami" of off-lease vehicles could send annual U.S. new-vehicle sales tumbling as low as 13 million by 2021, according to one Wall Street analyst.

Unifor's Dias 'confident' Ford will honor commitment to Canada under new CEO

Unifor President Jerry Dias said he is not concerned about potential job cuts under new Ford CEO Jim Hackett, who oversaw about 12,000 layoffs during his tenure as the head of Steelcase Inc.

Unifor's Dias 'confident' Ford will honour commitment to Canada under new CEO

Unifor President Jerry Dias said he is not concerned about potential job cuts under new Ford CEO Jim Hackett, who oversaw about 12,000 layoffs as head of office furniture company Steelcase Inc.

Fifth fatality reported from auction crash in Mass.

The death toll from this month’s deadly auction crash rose to five as a 55-year-old man died from injuries sustained during the incident.

ADESA parent says Q1 net, revenue rise 14% on more auction activity

ADESA parent KAR's first-quarter net income and revenue both rose 14 percent, driven in large part by a surge in income at its auctions. Acquisitions also pushed the results up.

Death toll from Mass. auto auction crash rises to 4

A 50-year-old Massachusetts man died Wednesday as a result of injuries sustained during last week's deadly crash at an auto auction near Boston.

GM Oshawa will get seats from Lear's Ontario plant following labour deal

Lear's plant in Whitby, Ont., once slated for closure, will assemble seats for General Motors' Oshawa assembly plant under a newly ratified labour agreement.

Driver in deadly auction crash had suspended license ​ ​

UPDATED: 5/9/17 2:11 pm ET - adds fund-raiser planned

The man who drove the Jeep that struck several people in last week's deadly Massachusetts auction crash had a suspended driver's license, according to local reports.

Fatal crash puts auction safety back in spotlight

A deadly crash at a Massachusetts auto auction has brought a recurring question back into the spotlight: How can bustling, cramped auctions be kept safe?

The cost of life-saving tech: Totaled cars

Safety features such as lane-departure warning systems and multiple airbags prevent deaths and injuries from vehicle crashes. But they're also driving up the number of vehicles deemed to be total losses following accidents.

Crash at Massachusetts auto auction kills 3

UPDATED: 5/3/17 4:48 pm ET -- updates death total

Three people were killed at a Massachusetts auto auction Wednesday in what police believe to be an accidental crash.

KAR, Cox take different approaches to growth

Cox Automotive and KAR Auction Services own the two largest U.S. auction groups. But they've taken quite different approaches to growing and diversifying.

Sonic swings to Q1 loss on refinancing costs, weak sales

Sonic swung to a first-quarter loss of $541,000 from a year-earlier net profit of $14.6 million as the dealership group took a hit from refinancing its debt. Weak retail sales didn't help.

New York attorney general cites 104 dealerships for selling vehicles with open recalls

New York's attorney general has reached legal settlements with 104 dealerships it identified as having sold vehicles without disclosing open safety recalls.

Tesla workers file charges with NLRB

UPDATED: 4/25/17 1:04 pm ET - adds Tesla response

Workers at the Tesla assembly plant in California have filed charges with the National Labor Relations Board accusing the company of illegally surveilling and coercing workers seeking unionization.

Off-lease glut? That ain't the problem

A glut of vehicles is threatening the industry's good times. But contrary to the predictions and pundits, it's not too many used vehicles. It's too many new ones.

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