Three dealerships sold in Tennessee
Dealer Bill Gatton has sold three of his dealerships, all in Bristol, Tenn., to different buyers this quarter......»»
Mazda dealerships to settle F&I pricing case with Mass. AG for $350K
Hometown Auto Framingham has also agreed to adopt NADA's Voluntary Protection Products policy at its Massachusetts dealerships for three years......»»
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......»»
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......»»
Annual? Bivalent? For all? Future of COVID shots murky after FDA deliberations
FDA seems sold on annual shots, but advisors call for a lot more data. Enlarge / Dr. Peter Marks, director of the Center for Biologics Evaluation and Research within the Food and Drug Administration, testifies during a Senate Hea.....»»
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......»»
Warning over risky electric blankets sold online
The consumer rights group Which? found products being sold online that could cause electric shocks......»»
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......»»
Tennessee dealership finance manager charged with theft
A finance manager at Chuck Hutton Chevrolet in Memphis, Tenn., has been accused of pocketing cash payments from customers......»»
Escaped pet parrots threaten New Zealand"s vulnerable native birds—why a ban may be the best solution
Birds sold in the pet trade are often colorful and charismatic creatures. Some can even be taught to talk, and they often provide owners with much-needed companionship......»»
#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......»»
Tim Cook held all his Apple stock in 2022, as other execs sold
A number of Apple executives sold more of their stocks in the company in 2022 than the year before, but Tim Cook didn't sell any.Recently, Cook notably asked for his overall salary to effectively have a 40% cut. Now it's been revealed that he also ha.....»»
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......»»
Infiniti, Toyota, Ford and GM dealerships sell across 4 states
Infiniti, Toyota, Ford and Chevy-Buick-GMC dealerships sell in deals across four states......»»
Used-vehicle volume hits lowest mark in nearly a decade
The number of used cars and trucks sold in the U.S. decreased nearly 11 percent to an estimated 36.2 million vehicles in 2022, Cox said......»»
West Herr Automotive Group buys 4 New York dealerships
West Herr Automotive's acquisition of four dealerships near Buffalo includes Audi, Volkswagen and Mini as first-time brands for the group......»»
Lincoln, GM and Ford dealerships sell in deals across 4 states
Lincoln, Cadillac-Buick-GMC, Chevy and Ford dealerships traded hands in Q4 and Q1 transactions in four states......»»