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.....»»
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......»»
Sutherlin group buys Lexus-Toyota car dealership, sells 3 stores
Sutherlin Automotive Group sold three dealerships in Georgia last month and reentered another Southeastern state on Monday......»»
Woman charged with embezzlement from Miss. dealership
Latisha Jones Smith, 50, is also facing of felony embezzlement in Neshoba County, Miss., where Doc's Toyota is now located......»»
Ford, Chevy and Buick-GMC-Cadillac dealerships sell across 4 states
A new group bought its first dealership, another expanded to four stores in Oklahoma, a Michigan dealer acquired a Ford location, and a group on top 150 dealerships bought two stores in New York......»»
Tesla, other EV makers likely cost California dealers $910 million in 2022 profit opportunity
The lost profit opportunity breaks down to nearly $700,000 per dealership......»»
NADA Data: 2022 new-car inventory up; vehicle sales per dealership down
Franchise dealerships' total payroll in 2022 was up from 2021, but the average number of new and used vehicles sold per employee fell......»»
ASEAN and South Asia are top choices for new production bases
According to data collected by DIGITIMES, all 949 publicly traded electronics firms in Taiwan generated sales totaling NT$953 billion in 2022. Manufacturers of electronic devices, such as handsets and notebooks, accounted for about NT$500 billion, of.....»»
Gates dealership group gets boost from brand awareness
Gates Automotive Group in South Bend, Ind., combines social media engagement, collaboration with local athletes and business leaders, and in-person giveaways and meet-and-greet events......»»
Lickable toads and magic mushrooms: Wildlife traded on the dark web is the kind that gets you high
The internet has made it easier for people to buy and sell a huge variety of wildlife—from orchids, cacti and fungi to thousands of birds, mammals, reptiles, amphibians and fish, as well as insects, corals and other invertebrates......»»
AutoNation customer experience exec Cannon to retire; CMO named
A veteran retail industry marketing executive will become the dealership giant's new CMO. Marc Cannon will pivot to AutoNation's philanthropic efforts and then retire by the end of 2023......»»
Group 1 CEO Kenningham views some car dealerships as overpriced
Group 1 Automotive Inc. is calling out some dealership sellers who it believes are pricing their businesses unrealistically high. "There is a certain portion of sellers that have unrealistic expectations," Group 1 Automotive CEO Daryl Kenningham s.....»»
Recruiting new auto technicians far and wide
Finding mechanics for your car dealership's service department takes work, skill and more than a little bit of imagination......»»
Stellantis, GM, Mazda and Ford dealerships sell across 4 states
Domestic and import dealerships in Massachusetts, Virginia, Wisconsin and Indiana traded hands in three first-quarter deals and a third-quarter 2022 transaction......»»
Sedano scoops up 3 stores near home
Sedano's acquisitive first-quarter brings his dealership count to 5 and adds a store along California's iconic Mile of Cars in National City......»»
Group 1 Automotive improves first-quarter revenue as net income drops
Acquisitions, service business growth and elevated vehicle pricing helped the Houston dealership giant improve its revenue numbers in a tough market......»»
Dealerships with strong used focus land on top
Dealership groups on Automotive News' annual ranking focused strongly on used-vehicle operations in 2022, seeking trade-ins and buying directly from consumers to pad used inventories and sustain sales......»»
Car Pros dealership group emphasizes the human element of car sales
Car Pros has a companywide training program centered around the human element of car sales......»»
Former Mississippi Toyota dealership comptroller charged with embezzlement
Latisha Jones Smith, 50, faces felony embezzlement charges for allegedly stealing around $71,000 from a Toyota dealership in Philadelphia, Miss......»»
For fossil-fuel reliant governments, climate action should start at home
Many assume that big publicly traded oil companies and private individuals are primarily responsible for climate change. And there is some truth to this assumption......»»
Stellantis, GM, Honda and Hyundai dealerships sell in 4 states
Two dealership groups expanded in new markets, a dealer added a second Honda store, and a new partnership duo acquired its first store in transactions in the last half of 2022 and second quarter of this year......»»