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......»»
Scooter Statistics 2024 By Revenue, Countries and Unit Sales
Introduction Scooter Statistics: In the global automotive industry, scooters […] Introduction Scooter Statistics: In the global automotive industry, scooters are one of the most prominent vehicles designed with small engines powered b.....»»
Lithia net income down 13%, revenue at record $7.7 billion in Q4
Lithia Motors Inc. Q4 2023 earnings: Car dealership group reached a record $7.7 billion in revenue but saw net income fall to $216 million......»»
Sonic Automotive Q4 net income soars despite EchoPark, powersport segment struggles
The retailer's fourth-quarter revenue was flat compared with a year earlier......»»
Bollinger Motors picks LaFontaine Automotive as first commercial dealer
Bollinger Motors named LaFontaine Automotive Group its first authorized dealer as the EV company works to deliver an all-electric Class 4 commercial truck......»»
Jeff Wyler Automotive notifies consumers of data breach involving personal information
An unauthorized third party hacked into Jeff Wyler Automotive Family's computer systems and potentially accessed personal consumer information, the auto retail group said Tuesday......»»
Ohio dealership develops ‘playbook" to show technicians their career path
Ryan Haskell, fixed ops director at Jeff Wyler Honda of Colerain in suburban Cincinnati, created a detailed, goal-oriented playbook technicians could follow all the way to master technician status......»»
Group 1 Automotive buys RRR Automotive Group to expand presence in mid-Atlantic states
Group 1 Automotive's purchase of RRR Automotive is expected to provide more than $500 million in annual revenue......»»
Digital sales leads grow as more car shoppers begin the process online
Dealership sales leads declined because of high interest rates, pricey vehicles and excessive inventory. At the same time, viable digital leads and the ability to turn them into sold vehicles grew by double digits, a study from Shift Digital found......»»
Apple buys iwork.ai, which raises hopes more than expectations
Apple has bought the web domain iwork.ai, which some are taking as evidence of plans to introduce major new artificial intelligence features into the company’s productivity suite … more….....»»
GM, Stellantis, Alfa Romeo, Fiat and Subaru dealerships trade hands across 3 states in Q4
Two of the fourth-quarter transactions involved groups ranked on Automotive News top dealership groups list......»»
GM Cruise robotaxi unit names former Ford, Apple exec as safety chief
Steve Kenner began his career at GM in 1978 and previously worked as global director of automotive safety at Ford, among other jobs......»»
Apple buys domain suggesting generative AI additions may come to iWork
Apple owns hundreds of website domains but now it's added "iWork.ai," which could indicate that it has plans to highlight AI features in its applications suite.Mockup of an "iWork.AI" logo, based on Apple's iWork '09 launchApple tends to refer to its.....»»
Integrating cybersecurity into vehicle design and manufacturing
In this Help Net Security interview, Yaron Edan, CISO at REE Automotive, discusses the cybersecurity landscape of the automotive industry, mainly focusing on electric and connected vehicles. Edan highlights the challenges of technological advancement.....»»
Some dealership M&A brokers predict record Q1 amid robust deal pace
Alan Haig, president of buy-sell firm Haig Partners, in Fort Lauderdale, Fla., told that his firm expects to close deals on 31 stores this quarter, and he has a bullish outlook for 2024......»»
Ford dealership in Houston gets boost from NIL deals with college athletes
Chastang Ford has been able to support star athletes at the University of Houston via name, image and likeness deals, helping to boost the dealership's reputation in the community......»»
NIL deals with college athletes boosts Houston dealership"s business
Chastang Ford has been able to support star athletes at the University of Houston via name, image and likeness deals, helping to boost the dealership's reputation in the community......»»
Asbury 4-store Tekion DMS pilot could precede companywide switch by 2026
A successful four-store pilot of Tekion later this year could lead to Asbury Automotive Group Inc. deploying the dealership management system companywide in 2025 and finishing the DMS switch in early 2026, Asbury CEO David Hultsaid this week......»»
Some dealership buy-sell brokers predict record Q1 amid robust deal pace
Alan Haig, president of buy-sell firm Haig Partners, in Fort Lauderdale, Fla., told that his firm expects to close deals on 31 stores this quarter, and he has a bullish outlook for 2024......»»
New-vehicle inventory falls slightly to 2.55 million in January
New-vehicle inventory levels retreated slightly in January from December, falling to 2.55 million from 2.7 million, according to data from Cox Automotive. Levels are still up about 47 percent from a year earlier, however......»»
Doggett Automotive buys 6 dealerships from Group 1 Automotive
Doggett Automotive expects the acquisition to add $300M in annual revenue......»»