Dealerships acquired in Calif., Ga.
Three dealership groups acquired stores in California in separate deals, while another group added a second Stellantis store in Georgia......»»
Credit Acceptance income drops 42%, auto loan volume up in Q4
Credit Acceptance Corp.'s auto loan volume from dealerships rose 26 percent during the fourth quarter......»»
LIFO tax relief bill for dealers to be reintroduced in House
House sponsors plan to reintroduce the Supply Chain Disruptions Relief Act, which would give dealerships up to three years to replace their inventory before having to pay taxes on inventory sales from 2020 or 2021......»»
Apple Fellow Phil Schiller confirms he’s now on Mastodon after deleting Twitter account
Following all the mess happening to Twitter after the company was acquired by Elon Musk, Apple Fellow and former Apple marketing chief Phil Schiller has deleted his account on the platform. However, those who still want updates from Schiller can now.....»»
Mirantis acquires Shipa to extend management capabilities beyond containers to applications
Mirantis has acquired Shipa to add automated application discovery, operations, security, and observability to the Lens Kubernetes Platform. Lens helps eliminate Kubernetes complexity – accelerating mainstream developer adoption – and empowers us.....»»
NASA"s Juno team assessing camera after 48th flyby of Jupiter
Engineering data is being evaluated to determine why the majority of images taken by the solar-powered orbiter's JunoCam were not acquired......»»
Volvo reboots, revives subscription service in Calif.
Revised California subscription service is similar to Volvo's program in New York: Customers can choose a vehicle from retailer stock and must secure their own insurance coverage......»»
John Hammer to leave ADESA president role in February
ADESA President John Hammer will exit the company less than nine months after its U.S. operations were acquired by online used-vehicle retailer Carvana Co......»»
Swope"s path to better F&I? Collaboration
The six stores owned by Swope Family of Dealerships are now holding monthly collaborative meetings with finance managers and F&I profits have been increasing......»»
Higher interest rates could slow Group 1 acquisitions in "23
While Group 1 Automotive will likely acquire more dealerships in 2023, CEO Daryl Kenningham says the transactions may not come at the same rate as over the previous 18 months......»»
Van Tuyl on the hunt ‘in 13 states" for dealerships
Larry Van Tuyl pointed to the footprint of his former company, Van Tuyl Group, as to where he's looking for additional dealership acquisitions......»»
Lithia CEO Bryan DeBoer says 100-150 more dealerships needed to hit revenue goal
Lithia, one the most active players in the buy-sell market, will need to acquire 100 to 150 more dealerships in the United States, and possibly elsewhere, between now and the end of 2025 to reach its goal, says CEO Bryan DeBoer......»»
Dealer Damon Lester: More diversity needed among owners
More work needs to be done to make the number of minority-owned dealerships representative of the U.S. car-buying market, says dealer Damon Lester......»»
#1 Cochran Automotive buys first dealerships outside of Pa., acquires first Honda store
Growing #1 Cochran Automotive entered a new state and added a new brand to its portfolio through two separate transactions......»»
Hyundai-Genesis, Toyota, Stellantis and Ford dealerships sell in Q3, Q4 deals
Dealer Terry Taylor added a dealership to his portfolio, a former Lithia Motors general manager bought his first store and other dealers expanded their store holdings in third-quarter and fourth-quarter transactions in 2022......»»
Dealerships renew focus on basic sales training
More vehicle choice means more competition, so some dealerships are working to refresh employees on sales basics such as how to overcome objections and present options......»»
Vanta acquires Trustpage to accelerate its product innovation
Vanta has acquired Trustpage to transform trust into a marketable advantage for companies around the world. With the addition of Trustpage, Vanta is accelerating its product innovation and continuing to scale its industry-defining trust management pl.....»»
Unprecedented levels of high-severity fire burn in Sierra Nevada
High-severity wildfire is increasing in Sierra Nevada and Southern Cascade forests and has been burning at unprecedented rates compared to the years before Euro-American settlement, according to a study from the Safford Lab at the University of Calif.....»»
Infiniti, Toyota, Ford and GM dealerships sell across 4 states
Infiniti, Toyota, Ford and Chevy-Buick-GMC dealerships sell in deals across four states......»»
Abacus Group acquires two cybersecurity consulting companies
Abacus Group acquired two boutique cybersecurity consulting companies, Gotham Security and its parent company, GoVanguard, both of which have unparalleled track records of excellence in the cyber arena. Gotham Security, as the new business will be kn.....»»
Foxconn EV roadmap stretches well from a small town in US
Foxconn Technology (Hon Hai) has set electric vehicle (EV) production as the core of its 3.0 transformation scheme, and its Ohio EV plant acquired from Lordstown Motors will be playing a central role in helping the world's top EMS build a solid prese.....»»