Morrie"s acquires 6 Wis. dealerships
Morrie's Auto Group acquired the dealerships from Brenengen Auto Group. The deal brings Morrie's footprint to 20 rooftops in Minnesota and Wisconsin......»»
Lithia Motors enters north Florida, buys 3 dealerships
Lithia expects the stores to add more than $200 million in annual revenue......»»
Morrie"s Auto expands into Illinois, indiGO adds Porsche stores
Morrie's Auto Group adds Kia and Hyundai stores, while indiGO Auto expands with the Porsche brand......»»
Now an established luxury brand, Genesis is refining strategy to win loyal customers
Hyundai's premium brand expects more growth on strong product, new dedicated dealerships and a focus on loyalty......»»
Why are U.S. dealers getting more pessimistic about the market? This Cox Q3 poll gives clues
Pessimism crept into franchised car dealers' outlooks during the third quarter, according to a Cox Automotive Dealer Sentiment Index poll, which also found that interest rates and consumers' political uncertainty continue to burden dealerships......»»
Mosyle acquires asset management software provider Assetbots
Mosyle, a leader in Apple Device Management and Security, has officially acquired Assetbots, an up-and-coming asset management software provider. This strategic acquisition will allow Mosyle to expand its service offerings, providing comprehensive as.....»»
12-year-old keeps burglarizing Md. dealerships
Police told a Maryland TV station they've caught the boy at least eight times but that he's too young to be charged with the crimes he's committing......»»
Celebrity group"s 4 dealerships sue CDK over cyberattack
Celebrity Motor Car Co.'s four dealerships have all sued CDK Global, accusing it of soliciting business by relating the risks of a dealership breach and the cybersecurity CDK could provide — only to be hacked itself and unavailable to retailers aft.....»»
AutoNation sale of 2 Ford stores may just be start
AutoNation Inc. in August sold two Ford dealerships and it appears it may have more dealerships slated to sell, according to a regulatory filing......»»
Ed Morse Automotive completes purchase of 6 Arizona dealerships
The dealerships represent the first in the state for the group......»»
Public dealerships" F&I gross profits fall in Q2 but most above $2,000 a vehicle
AutoNation, Lithia, Group 1, Sonic and Asbury all had same-store finance and insurance gross profit per vehicle above $2,000 in the second quarter......»»
Westlake Financial launches fleet financing product to power micro leasing at dealerships
The vehicles used in micro lease programs can fall into a gap not covered by traditional floorplan or rental financing......»»
Dealerships can best use AI for specific processes
An expert with Infobip talked with Automotive News about the benefits of targeted AI use at dealerships......»»
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......»»
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......»»
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.....»»