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.....»»
Lithia enters U.K. with acquisition of Jardine Motors
Lithia Motors CEO Bryan DeBoer confirms the acquisition of one of Europe's biggest dealership groups, part of the No. 1 U.S. auto retailer's big expansion plans......»»
Former N.H. dealer, NADA president Paul Holloway dies at 84
Former NADA president Paul Holloway was a Buick district manager before buying his first dealership in 1967. He once owned 13 stores before he began selling most of his dealerships in 2000......»»
Fox Motors buys Subaru, Buick-GMC dealerships in Detroit area
West Michigan's Fox Motors bolstered its Detroit area footprint with the acquisition of a Subaru dealership and a Buick-GMC store......»»
Cal Worthington"s iconic Ford among dealerships sold in 4 states
The late Cal Worthington's iconic Ford dealership in California and a dealership partly owned by a former race car driver in Wisconsin were among four transactions that closed in the fourth quarter and first quarter......»»
Fox Motors buys Subaru, Buick-GMC Detroit-area dealerships
West Michigan's Fox Motors bolstered its Detroit area footprint with the acquisition of a Subaru dealership and a Buick-GMC store......»»
Canadian dealership group Ride Automotive enters U.S.
Ride Automotive Group of Ottawa, Canada, bought its first two U.S. stores in California in first-quarter transactions......»»
How dealers can counteract growing threat of fraud
Despite the growing sophistication of fake IDs, there are warning signs dealership employees can look for to avoid selling vehicles to fraudulent buyers......»»
Kentucky Ford dealership provides 2nd chances
James Collins Ford has employed more than 50 men from the Beacon House, a transitional living facility, and trained them to become technicians or salespeople......»»
Reynolds President Chris Walsh: ‘The story"s not over yet"
Chris Walsh is helping to lead Reynolds and Reynolds' efforts to become more customer-centric, improving retention of existing dealership clients and adding new ones......»»
Premier Automotive, partners acquire 4 Ford and Chevy dealerships
The dealership group purchased its first stores in Virginia and Mississippi......»»
Woman charged in alleged embezzlement of more than $200K from Stellantis dealership in Mich.
Allison Stewart of Manchester, Mich., was arraigned Friday on one charge of embezzlement over $100,000, a felony, according to Monroe County Chief Prosecutor Michael Roehrig......»»
Woman charged in alleged embezzlement of more than $200K from Williams Brothers Dodge-Chrysler-Jeep-Ram
A Michigan woman was arrested last week for allegedly embezzling more than $200,000 from a Stellantis dealership in Dundee, Mich., an hour Southwest of Detroit......»»
Ford, Stellantis, GM and Mazda dealerships sell in Q3, Q4 transactions
Dealerships selling Ford, Chrysler-Dodge-Jeep-Ram, Chevrolet-GMC and Mazda vehicles traded hands in third-quarter and fourth-quarter transactions across four states......»»
AutoCanada Q4 net income plunges 79% on used-vehicle writedowns, floor plan costs
AutoCanada Inc.’s net income fell in the final three months of 2022 as the company took a writedown on its used-vehicle inventory and saw floorplan financing costs climb with interest rates. Canada’s only publicly traded dealership group last.....»»
Ford, Stellantis, GM, Mazda dealerships sell in Q3, Q4 transactions
Dealerships selling Ford, Chrysler-Dodge-Jeep-Ram, Chevrolet-GMC and Mazda vehicles traded hands in third-quarter and fourth-quarter transactions across four states......»»
Mexican group buys U.S. dealerships
Dalton Corp., with a longtime dealership presence in Mexico, entered the U.S. market late in 2022 and is looking to continue to grow here......»»
Singer Adam Levine sues car broker, says rare Maserati was fake
Adam Levine says he traded two Ferraris for what he believed to be a rare 1971 Maserati Ghibli worth more than $1 million......»»
VW dealership in N.C. apologizes for racial slur on oil change stickers
An investigation found the message was added by a teenager who entered the store after hours with a third-party cleaning crew and tampered with the sticker-printing machine......»»
Honda, VW and multiple Chevy stores sell in Q4 deals
Penske Automotive Group sold a Honda dealership in the fourth quarter, while a dealer and three auto retailers added stores to their holdings in separate fourth-quarter acquisitions......»»
VW"s Russia plant to be sold to local dealer group, report says
Russia's Avilon dealership group is poised to buy VW Group's Kaluga factory, Moscow-based business news site RBC reported on Wednesday, citing two unidentified sources......»»