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.....»»
Tekion works to prove DMS mettle in competitive year
The dealership management system upstart, founded by a former Tesla executive, has plenty to prove in what could be a crucial year for the company......»»
Buyer of $717K Ford GT files lawsuit saying previous damage not disclosed
A Florida dealer in collectible vehicles and a buyer have accused a Canadian dealership of failing to disclose the 2006 Ford GT Heritage Edition purchased for $716,800 had been seriously damaged in a crash and restored......»»
Wolfe Automotive enters U.S., buys two Montana dealerships
Wolfe Automotive Group, of Calgary, Alberta, in Canada, has purchased its first two U.S. dealerships......»»
Toyota dealership in Ariz. will pay $60,000 to settle claims it advertised deceptive prices
Arizona Attorney General Kris Mayes said the store's prices failed to include the full reconditioning fees the dealer charged and the cost of mandatory additions like exterior coating and door edge guards......»»
Ford revives stair-steps to move 2023 F-150s off dealership lots
The automaker since February has been offering retailers escalating bonuses to hit and surpass monthly F-150 sales targets. This month's payout is up to $1,000 per truck......»»
Average dealership profit falls again in 2023, report from Presidio and NCM Associates shows
The stark decrease in profit will also likely bring dealership valuations down......»»
Hyundai didn"t coerce former dealership to build standalone Genesis facility, Wisc. jury says
Hyundai Motor America didn't wrongfully coerce or attempt to coerce one of its former dealerships to provide an exclusive facility for its Genesis franchise, a federal jury in Wisconsin has found......»»
Survey: Dealerships lukewarm about EV service overall but see potential for increased retention, revenue
Nearly half of dealership executives and fixed ops leaders aren't overly enthused about integrating EV service into their shops. They're also not overwhelmingly positive about the overall future of EV service......»»
Credit unions plan to grow auto dealership relationships in 2024
Most credit unions expected to work more closely with car dealerships in 2024, and nearly all of them think such collaboration aids members, according to a Credit Union Leasing of America survey of that auto lending sector......»»
Lawsuit: Toyota misled about savings from maintenance plan
A California woman has sued Toyota Motor Credit Corp. and Toyota, alleging one of the manufacturer's car dealers sold her a ToyotaCare Plus maintenance plan for 10 service visits — only to have another Toyota auto dealership service department igno.....»»
New England"s DCD Automotive, known as Nucar, buys New Hampshire family dealership
New England auto group DCD Automotive Holdings, which operates under the name Nucar, bought a family dealership in Concord, N.H., in December. It will aim to sell at least 75 used cars a month there......»»
Technician damaged vehicle learning to drive a manual transmission, lawsuit alleges
Two technicians at a Milford, Conn., dealership allegedly damaged a service customer's "dream car" during a joyride where the older one wanted to teach the younger one how to drive a manual transmission vehicle......»»
Stellantis to recall about 285,000 U.S. vehicles over airbag inflator risk, NHTSA says
The recall covers certain 2018-21 Dodge Charger and Chrysler 300 sedans. About 10,285 vehicles are affected in Canada, 3,502 in Mexico and nearly 19,000 in markets outside of North America......»»
How comparison options affect stock buys
Should I invest my money with a small chance of big returns? Or is it better to pick investments that promise a series of modest returns? A psychologist from the University of Basel conducted a scientific experiment to study when people prefer certai.....»»
Talk to each other: How dealers can smooth tech vendor bumps
CEO Liza Borches has pursued a multiyear effort to streamline her dealership group's use of technology and make remaining vendors work better together. That included a summit of all the major players......»»
Land Rover, Mitsubishi, CDJR, Nissan of Shelby dealerships sell
Nissan of Shelby gets a fresh start, a minority owned dealership group expanded by two stores and another group acquired its first Land Rover dealership......»»
Holman nearly doubles auto retail business with Leith Automotive megadeal
The transaction closed this week and nearly doubles Holman's auto retail business. It's the latest in a slew of large dealership group acquisitions......»»
EV startup Fisker idles production, warns it may need to seek bankruptcy
Company says it is halting production for six weeks after missing required interest payment of about $8.4 million last week......»»
Fisker says it"s focused on business plan after report of possible bankruptcy
"Fisker is focused on raising additional capital and engaging in a strategic partnership with a large automaker," the company said after a report that it has hired restructuring advisers......»»
Kia, Subaru, Buick-GMC and Honda dealerships sell in Q4, Q1 transactions
Two Automotive News top 150 dealership groups purchased import stores in the fourth quarter and a mid-Atlantic group bought three stores in the fourth and first quarters......»»