Triunity Automotive buys Pendragon JLR dealership
Triunity Automotive Group has purchased a Jaguar-Land Rover store in California from Pendragon, a public dealership group in the United Kingdom, that is selling its U.S. stores......»»
Asbury sells Lexus store and Baxter Auto adds Toyota dealership in Q1, Q4 deals
Asbury Automotive Group Inc. sold a Lexus dealership, Baxter Auto bought a Toyota dealership and a Puerto Rico dealer bought his first U.S. mainland store......»»
Kansas, Nebraska dealership groups granted trials in hail damage dispute
Two Great Plains dealership groups have won the right to trials on assertions their insurers wrongfully refused to fully reimburse them for repairing hail-damaged vehicles......»»
The top 5 stories of the week: Stellantis job cuts; inside a dealership family feud
A glance at the top auto industry stories of the week......»»
AutoNation to slow used-car outlet expansion, analyst says
The dealership giant is slowing the rate of expansion for its standalone AutoNation USA stores as it deals with used-car supply challenges, according to JPMorgan......»»
Continental Automotive Group founder Bryan Hardeman arrested on burglary, arson charges
Bryan Hardeman, whose children now own Continental's four dealerships, was arrested Feb. 29 in Austin, Texas......»»
After pullback, new-vehicle inventory rises again, to 2.8 million
After a one-month pullback, new-vehicle inventory levels in the U.S. returned to their long-term trend and rose in February to 2.8 million, according to data from Cox Automotive and the Automotive News Research & Data Center......»»
Asbury battling FTC allegations of violations related to F&I product sales
The Federal Trade Commission has accused Asbury Automotive of violating the FTC Act and Equal Credit Opportunity Act in the dealership group's vehicle protection product sales. Asbury denies the allegations......»»
Nikon buys Red Digital Cinema, will jump into the pro video space
Nikon wants to "accelerate expansion" into the pro digital camera market. Enlarge / The Red V-Raptor X. (credit: Red) Nikon is buying the ultra-high-end video camera company Red Digital Cinema. Nikon has a press release.....»»
Texas appeals court sides with Mercedes-Benz dealership in lawsuit
The Texas Court of Appeals has refused to revive a lawsuit accusing a Mercedes-Benz dealership of deceptive practices in servicing two vehicles......»»
EVs can’t fix a global epidemic of ‘car harm,’ UK study finds
A comprehensive review published last month provides a litany of what the authors call “car harm,” in estimated global totals of death, injury, disease and other miseries, over the course of automotive history......»»
Two shot after confrontation at Alabama Hyundai dealership
Two people were shot in the store's parking lot and taken to the hospital, where one man died of his injuries......»»
Why consumer distrust of dealerships runs high
There is a gap between perception and reality when it comes to dealership pricing and financing, according to the KPA 2024 Dealership Trust Survey......»»
Automakers say public acceptance crucial for anti-drunken driving tech"s success
The Alliance for Automotive Innovation argued the readiness of technology that can detect drunken or impaired driving "becomes a moot point if it is not accompanied with consumer awareness and acceptance.".....»»
F&I gross profit per vehicle down for 4 of 6 publics in Q4
Same-store finance and insurance gross profit per car sold fell at four of the top six franchised auto dealership groups in the fourth quarter compared with a year earlier. AutoNation was the only major new-vehicle public retailer to grow F&I profit.....»»
GM, Magna and Wipro launch auto software ‘matchmaking" platform
GM, Magna and Wipro partnered to build a new sales platform for buyers and sellers of automotive software, saying it will help the industry keep new technology costs down......»»
Technology can boost dealership efficiency in a softening market
Reynolds President Chris Walsh spoke with Automotive News Executive Editor Jamie Butters during the NADA Show in Las Vegas......»»
GM and Magna launch auto software ‘matchmaking" platform
GM, Magna and Wipro partnered to build a new sales platform for buyers and sellers of automotive software, saying it will help the industry keep new technology costs down......»»
Gen Z buyers are a unique opportunity for car dealership F&I office
Younger buyers' appetite for F&I presents dealerships with an opportunity, but their strategy should not be wholly digital like some might expect......»»
Ken Ganley Automotive adds Ohio dealerships, sells Stellantis store
Ken Ganley Automotive Group added two luxury dealerships and a Ford store in two acquisitions this year. The megadealer also sold a Stellantis store......»»
Fewer new-car dealerships, higher sales in 2023 lead to boost in throughput
There were more exclusive dealerships in 2023 than in 2022, and the average new-vehicle sales per franchise rose, according to Automotive News' annual Dealer Census......»»