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.....»»
Baxter Auto, Martin Management and AutoNation among Q1, Q2 dealership buyers
Three auto retailers ranked on ' top 150 dealership groups list completed first- and second-quarter acquisitions, while a regional group bolstered its presence in Ohio in February......»»
Former Buick-GMC employee in Michigan sentenced to 42 months in prison for embezzling
A former employee of a mid-Michigan Buick-GMC dealership was sentenced to prison for embezzling from the store. Amanda Root, 42, was found guilty on one count of embezzlement of $100,000 or more and two counts of filing false tax returns......»»
Florida law strengthens dealership protections but will allow Tesla model
The measure was supported by the Florida Automobile Dealers Association......»»
Lithia wants to hit revenue of $25 billion from acquisitions, up by $5 billion
Dealership acquisitions were seen as a key cog in Lithia Motors Inc. reaching its goal of $50 billion in annual revenue by the end of 2025. The auto retail giant is now targeting even more revenue from store purchases......»»
Shift Technologies appoints new CEO; strategic alternatives review ‘ongoing"
Shift Technologies Inc.'s board of directors on Friday appointed Ayman Moussa, founder of northern California dealership group operation Carnamic, as the company's new CEO......»»
Citizens Financial to end indirect dealership car loan business
Citizens Financial Group had begun to cut back its auto loan business in the third quarter of 2022......»»
Dealers happy with market, but interest rates weigh
The survey gauges U.S. dealer feelings about aspects of their dealership, including inventory, staffing and general economic conditions......»»
Group 1 Automotive adds Kia store, sells Ford dealership
Group 1 said the new Kia store is expected to generate $85 million in annual revenue. The auto retailer also divested a Ford dealership near New Orleans......»»
New Texas partnership buys Stellantis, GM and Kia dealerships
A veteran auto retail executive and Kia dealership general manager have bought three dealerships in Texas in a new partnership......»»
Canadian partners buy first dealership, in the U.S.
PATH Auto Group partners Phil Alalouf and Todd Hewitt in April purchased their first dealership, a Volkswagen dealership in California......»»
How cake and Q-cards help a dealer increase employee retention
Raymond Chevrolet and Raymond Kia, both in Antioch, Ill., believe cash bonuses and cake for exemplary employee behavior have helped keep the stores' average dealership turnover percentage lower than the industry average......»»
Multiple Stellantis dealerships and a Kia store sell in Q1, Q2 deals
Two auto retailers ranked among Automotive News' top 150 dealership groups completed second-quarter acquisitions, while a regional group and a pair of partners also expanded in deals this year......»»
Spiny mice found to have bone-plated tails
Mammals are a bit odd when it comes to bones. Rather than the bony plates and scales of crocodiles, turtles, lizards, dinosaurs and fish, mammals long ago traded in their ancestral suit of armor for a layer of insulating hair......»»
Maserati, Alfa Romeo, Mazda, Volvo and domestic dealerships sell
Two auto retailers in top 150 dealership groups, including publicly traded Sonic Automotive, completed second-quarter transactions, while a pair of growing regional groups also expanded......»»
CarMax leads new used-vehicle tally
CarMax, formerly the longtime leader of Automotive News' annual ranking of the top 100 U.S. dealership groups by used-vehicle sales volume, moves over to a new list......»»
11 charged with stealing cars from 26 dealerships in Ohio
At one dealership, prosecutors said, some of the suspects gave a salesperson their real names while casing the showroom before stealing from it the same night......»»
Police: Former AutoNation staffer took more than $100K from customers, never delivered vehicles
AutoNation Honda Miami Lakes general manager Armando Ibanez said the Florida dealership has been investigating customer complaints related to former finance manager Carlos Ravelo as well, according to police......»»
Toyota, Ford and Stellantis dealerships sell across 4 states
Two auto retailers on the top 150 dealership groups list made first- and second-quarter acquisitions, while a business that is part of a company best known for owning the Minnesota Twins also made a first-quarter purchase......»»
Tekion"s big dealership experiment is a big win
Tekion, in an unusual move, purchased two Gilroy, Calif., dealerships in 2020 and used them to test its dealership management system and iron out any kinks. Executives say the plan succeeded beyond expectations......»»
Asbury sells Texas Acura dealership to Umansky Automotive
Umansky Automotive Group entered Texas with the purchase of a luxury dealership from Asbury Automotive Group Inc......»»