Envision Motors buys 3 Mercedes-Benz dealerships
Envision Motors acquires three Mercedes-Benz dealerships from Von Housen Automotive Group......»»
Dealerships kept contracts digital in Q2 despite CDK Global outage, Wolters Kluwer says
Car dealerships sent auto lenders more digital car loan contracts in the second quarter opting against paper documentation, despite the CDK Global outage in June following two cyberattacks......»»
Property insurance: Dealer hurdle over EVs
Zurich Insurance Group issues recommended best practices for dealerships servicing EVs that could add costs......»»
1 Thing We"re Talking About: MyKaarma, Sunbit integrate to bring customers flexible repair payment options
Service drive payment and communication platform myKaarma has integrated with Sunbit, a financial technology solution provider found at more than half of U.S. franchised dealerships......»»
F&I tip: CarShield case a reminder to make sure customers understand service contracts
There's a lesson for dealerships in the $10 million CarShield settlement with the Federal Trade Commission, says Zeigler Auto Group COO Sam D'Arc: Make sure staff can explain what customers are buying......»»
Mercedes S-Class production reduced to one shift on slow demand
Sales of the upper-premium sedan have plunged in China, the U.S. and Europe as demand for high-end cars stalls......»»
Scott Painter, TrueCar"s co-founder, reworks follow-up Autonomy
Autonomy is launching Autonomy Data Service, a platform for car dealerships and others that want to establish their own subscription service......»»
GM Lays off around 1,000 Personnel to Focus on AI
AI continues to impact employment rates worldwide. The post GM Lays off around 1,000 Personnel to Focus on AI appeared first on Phandroid. Auto manufacturer General Motors recently confirmed that it will be culling around a thousand of its.....»»
Open Road Capital adds five dealerships in two deals
Retail auto investment firm Open Road Capital and Jesse Hord bought four New York dealerships, while Open Road expanded on the West Coast in a new partnership......»»
Rhode Island dealerships settle deceptive sales claims for $1 million
Six Rhode Island dealerships have settled with the state attorney general over allegations of deceptive sales practices......»»
Coulter Motor Co. settles vehicle pricing add-ons case with FTC, Arizona for $2.6 million
The owner of dealerships Coulter Cadillac Tempe and Coulter Buick GMC Tempe and a former general manager of the stores have agreed to pay a combined $2.6 million to settle allegations of bait-and-switch advertising, price discrimination and improper.....»»
Asbury Automotive sells Chevy store, Escude Automotive buys two S.C. stores
Publicly held Asbury Automotive Group sold another dealership, while Anderson Automotive Group also shed two stores......»»
Lawsuit accuses Stellantis, Maserati of blocking sale of N.Y. dealerships
Dualed Alfa Romeo and Maserati dealerships in Great Neck, N.Y., have sued Stellantis and Maserati North America for denying an application to transfer the franchises......»»
Solera Auto Finance bought by managers, Obra Capital; now called Arra Finance
Solera Auto Finance's leadership has purchased the lender in a management buyout with partner Obra Capital and renamed the company Arra Finance. It will write subprime auto loans at new- and used-car dealerships......»»
AutoCanada considers selling U.S. stores, reports data breach and $24 million Q2 loss
AutoCanada is exploring the sale of its U.S. dealerships and other “non-profitable and non-core assets,” as the company swung to a loss for the second quarter amid falling sales, a significant used-vehicle inventory writedown and fallout from the.....»»
Private equity firm buys auto retail ID check, remote notary provider Mavsign
Maverick Document Signings, which provides remote notary and identification verification services to car dealerships, has been purchased by private equity firm 1876 Partners, Colonnade Securities said......»»
GMC gives Terrain crossover a pickup-inspired redesign, bigger screens
Production of the 2025 Terrain is set to begin this fall at General Motors' San Luis Potosi plant in Mexico. Pricing was not disclosed......»»
Here’s what the electric Dodge Charger’s “Fratzonic exhaust” sounds like
Dodge wants to keep the aural spectacle even as it moves to electric propulsion. Enlarge / Dodge doesn't want to be accused of building a boring EV. (credit: Dodge) Electric motors have many advantages over internal comb.....»»
Still-churning remnants of Tropical Storm Debby prompted Raleigh auto dealerships to move vehicles
Hanna Imports, a used-vehicle dealership in Raleigh, N.C., relocated around 200 vehicles ahead of the storm, General Manager Chris Selfani said......»»
Still-churning Tropical Storm Debby prompted Raleigh auto dealerships to move vehicles
Hanna Imports, a used-vehicle dealership in Raleigh, N.C., relocated around 200 vehicles ahead of the storm, General Manager Chris Selfani said......»»
Feldman buys car dealership that battled back after Chrysler bankruptcy
Feldman Automotive Group is expanding with the acquisition of a dealership in Livonia, a Detroit suburb. Livonia Chrysler Jeep has been renamed Feldman Chrysler Jeep of Livonia following the acquisition, which closed Aug. 1. Feldman now owns.....»»