What Does the Dealership Do With My Traded-In Car?
You’ve finally picked out the new car you’ve wanted at the dealership. Now you’re signing the papers to trade in your current car for this newer vehicle you’ve been eyeing. Once you get that money for your trade-in and hand ov.....»»
Penske, Hedin won"t put offer in for Pendragon
Publicly traded auto retailer Penske Automotive Group said in a regulatory filing Wednesday that it, in partnership with Sweden's Hedin Mobility Group, does not intend to make an offer for Pendragon's dealership and fleet businesses. Lithia Motors In.....»»
Toyota, Mitsubishi, Infiniti, Ford car dealerships sell
Two of the transactions involved first-time dealership owners and another saw a company add two stores......»»
Boon or burden? Automakers" use of right of first refusal in dealership buy-sells aids some, hinders others
The right of first refusal in dealership buy-sells has helped minority dealers acquire stores, some their first, and is a tool many automakers say can help them manage their franchises. But others say an increased use of the tool can hurt factory-dea.....»»
Graham Ourisman buys Toyota dealership in Virginia
Graham Ourisman Automotive, a partnership between Graham Holdings and Ourisman Automotive Group, added a Toyota dealership in Virginia to its portfolio......»»
AutoNation joins Pendragon bidding war
A week ago, Lithia Motors Inc. revealed a potentially transformative deal to acquire the dealership and fleet businesses of U.K. auto retailer Pendragon and secure a pathway to a dealership management system. Now it faces yet another bid from a rival.....»»
Calif. dealership employee shot, killed; police kill suspect
An armed man shot and killed a female employee at Toyota of Berkeley Certified Service Center last Thursday, according to a statement released by Berkeley Mayor Jesse Arreguín. The suspect was killed in shootout with police......»»
Take the Automotive News Dealership Salary Survey
We have launched the Automotive News Dealership Salary Survey and want to hear from U.S. employees in jobs ranging from general managers to service technicians. Findings will be published Jan. 22......»»
Penske bids throw wrench into Lithia deal for Pendragon
Lithia's potentially transformative deal for Pendragon would significantly grow the auto retailer's U.K. footprint, add a sizable fleet business and give the company a pathway to a dealership management system. But Lithia has competition for the deal.....»»
Could spent coffee grounds provide an alternative to plastic packaging?
Next to water, coffee is the most popular beverage on Earth and is the world's second most traded good, trailing only oil. It is estimated that humans drink more than 2 billion cups of coffee per day with over 60% of Americans having a cup each day......»»
Detroit area Ford dealership lets go of employee after ‘hateful" UAW comment
Lithia Motors Inc. said it let go a dealership employee for violating the company's social media policy. The employee's dismissal followed the individual posting an inflammatory comment about the UAW......»»
New Mexico dealership on the hook for millions in fraud case
A jury awarded Albert Smith $87,000 in compensatory damages and $2.5 million in punitive damages......»»
Penske-Hedin bid for Pendragon rejected after Lithia acquisition announcement
Days after Lithia Motors Inc. said it had agreed to a deal to acquire Pendragon's dealership and fleet businesses, Pendragon's board of directors rejected a joint offer from a Penske Automotive Group subsidiary and Hedin Mobility Group......»»
Deal would give Lithia a large presence in U.K. and a pathway to a DMS
Lithia Motors' plan to purchase the dealership and fleet businesses of Pendragon in the U.K. is a sizable deal. But the other component, giving Lithia an ownership stake in a dealership management system company, could have the biggest impact for the.....»»
AutoNation, Hendrick Automotive top online reputation survey
Hendrick Automotive has snagged the top ranking among privately owned dealership groups for three straight years while AutoNation marks its second year atop public auto retailers in Reputation's rankings. And Mitsubishi and Infiniti outranked other b.....»»
Lithia to buy Pendragon"s UK dealerships, take stake in DMS
Lithia Motors plans to not only make a significant dealership acquisition in the United Kingdom. Its pending deal also includes a fleet management platform and an ownership stake in Pinewood Technologies, which plans to bring a dealership management.....»»
‘Pep rallies" turn around dealership culture
Monthly get-togethers are a chance to recognize top employees, review sales and service numbers and set revenue targets for the next 30 days......»»
Flow, Pohanka, Holman among investors for digital marketing company Orbee
Several dealership groups are investing in Orbee, which provides data management and digital marketing services for the sector......»»
Asbury could grow to 4th largest group with deal
Asbury Automotive Group is primed to become the nation's fourth-largest dealership group with its pending purchase of Jim Koons Automotive Cos. Upon closure, the deal would be one of the largest in auto retail history......»»
Asbury agrees to buy Jim Koons group for $1.2 billion in ‘transformative" acquisition
Asbury's agreed-to purchase of Jim Koons Automotive Cos. would be the largest acquisition in the dealership space since 2021......»»
Regional used-car dealership group Off Lease Only files for Chapter 11 protection
The company terminated all 545 of its employees ahead of Thursday's Chapter 11 filing in bankruptcy court in Delaware, according to a court filing......»»