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.....»»
Flow Automotive buys Mercedes-Benz, Toyota, Honda, Subaru and Stellantis dealerships
Flow Automotive Cos. expanded its presence in Charlottesville, Va., in one of the largest dealership acquisitions of the year, as tracked by ......»»
Bill that aimed to block automaker ability to reassign buy-sell deals fails in West Virginia
A bill that aimed to block automakers' use of right of first refusal on dealership buy-sell deals in West Virginia failed to move in the House of Delegates before the state's legislative session ended last month......»»
Bob Loquercio Auto Group buys Lexus, Toyota and Ford dealerships
The acquisitions bring the group's franchised dealership count to 14 and includes its first Lexus store......»»
Ford dealership employee in Wis. killed at work remembered as ‘jack of all trades"
Nicholas Jozefowski, of Johnson Creek, Wis., had worked in automotive and trades for "the majority of his life," according to his obituary......»»
Iconic Felix Chevrolet dealership among stores sold in 4 states
L.A.'s iconic Felix Chevrolet changed hands, a group added another Kia store to its mix, and dealerships selling General Motors and Stellantis brands traded hands in fourth-quarter and second-quarter transactions......»»
Gregg Young expands dealership count in Iowa
The Gregg Young Automotive Group, with stores in Iowa and Nebraska, added four dealerships in three transactions late last year to add to its presence in the Hawkeye state......»»
Chevy, Audi, Stellantis and Ford dealerships trade hands in 4 states
Two of the country's largest dealership groups made first-quarter purchases while two other growing groups on the East Coast also made early 2023 purchases......»»
Former employee at Michigan Chevy-Buick dealership accused of embezzling $68,000
A former Betten Baker Chevrolet-Buick of Cadillac title clerk is on bond after being accused of embezzling $68,000......»»
Acquisitions propel Lithia to list’s top spot
Lithia Motors, once the smallest publicly traded dealership group before embarking on a multiple-year dealership buying spree, passed longtime No. 1 AutoNation in new vehicles sold in 2022......»»
2023 Automotive News list of the top U.S. dealership groups shows many shifts
The groups on the annual Automotive News list commanded a bigger percentage of the U.S. industry's new light-vehicle sales in 2022 and held a growing share of the U.S. dealership count......»»
Kia stores are a hot ticket for retailers
Dealership brokers say Kia has become an increasingly popular brand for consumers and the value of its dealerships continues to rise. At least 27 Kia stores changed hands in 2022, up from 24 in 2021......»»
Here’s how used iPhone and Android trade-in conditions compare
After its last report looked at what iPhone and Android users do with their old devices, CIRP is out today with a follow-up that reveals what condition the different smartphones were in as they were traded in, sold, or handed down to family or frien.....»»
Group 1 buys Florida Chevy dealership, adds $150 million in revenue
The acquisition of Estero Bay Chevrolet in Florida will add $150 million in annual revenue to Group 1's operations......»»
Texas Porsche dealership employee reinstated after COVID-19 warning
A Texas Porsche dealership employee said he was fired after warning co-workers of a case of COVID-19 at the store in 2020 . After a settlement in court, he has received hisjob back, more than $100,000 in back pay and $15,000 in compensatory damages......»»
Two Nissan dealership employees arrested in Ga. after customers allege fraud
Two customers alleged forgery, with one claiming her signature was faked on finance-and-insurance products she didn't buy. A couple also alleged their 2018 Ford F-150 XLT was described to the lender as an F-150 Platinum......»»
Calif. Toyota dealership goes remote in search of used cars
Toyota Walnut Creek is tapping stay-at-home parents to source used cars via the Internet......»»
Chevy, Buick, Honda and Acura dealerships sell in 4 states
Two dealership groups entered new states, a dealer and his group expanded in Chicago and an entrepreneur purchased his first franchised dealership — all in transactions that closed in the fourth quarter......»»
LaFontaine Automotive Group expands in metro Detroit
LaFontaine Automotive Group has purchased a Chevrolet store in metro Detroit, marking its second dealership acquisition of the year......»»
Dealer Fred Beans finds a mutually beneficial partnership with driving school
The dealership began partnering with John's Driving School in 2019. Since then, the school has administered roughly 1,000 drivers' tests and some of those new drivers have become customers......»»
Randy Marion Automotive buys GM, Stellantis, Honda and Kia dealerships
The North Carolina dealership group, fresh off a September acquisition, bought four stores in two separate first-quarter transactions. One of the deals included two new brands for the group......»»