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.....»»
Hyundai-Genesis, Toyota, Stellantis and Ford dealerships sell in Q3, Q4 deals
Dealer Terry Taylor added a dealership to his portfolio, a former Lithia Motors general manager bought his first store and other dealers expanded their store holdings in third-quarter and fourth-quarter transactions in 2022......»»
Vehlo buys Rapid Recon and Velocity Automotive
The acquisitions by Vehlo now extends its dealership fixed ops customer experience suite beyond the customer-pay side of dealer service operations......»»
Reynolds on long-term path to shed inflexible image
Dealership technology giant Reynolds & Reynolds will unveil an updated logo and a demonstrate a more flexible attitude at the NADA Show this week......»»
Industry climate helps first-time dealers become owners
In the backdrop of a bustling dealership buy-sell market that continues to see private groups and publicly traded auto retailers buying stores, a number of first-time buyers are joining them......»»
Researchers find that traded species have distinctive life histories with extended reproductive lifecycles
A new study by researchers from Durham University, UK, Queen's University Belfast, UK, University of Extremadura, Spain and Swansea University, UK have revealed that vertebrate species involved in the live wildlife trade have distinctive life history.....»»
Upstart: National rollout of AI auto loans to start in Q2
Upstart Auto Retail digital auto sales platform also will begin to offer dealership customers the ability to buy cars completely online......»»
Is worst of new-vehicle inventory shortage in rearview mirror?
Inventory levels rose sharply in December and crested 1.8 million for the first time since May 2021, according to Cox Automotive. While still constrained, a slower selling rate has helped dealership stocks return to something closer to normal levels,.....»»
Lincoln, GM and Ford dealerships sell in deals across 4 states
Lincoln, Cadillac-Buick-GMC, Chevy and Ford dealerships traded hands in Q4 and Q1 transactions in four states......»»
Boost committee turns ideas into solutions
Faulkner Subaru Harrisburg in Pennsylvania launched its boost committee in 2020 to foster brainstorming sessions where employees come up with ideas to improve dealership operations......»»
GM, Stellantis and Mercedes-Benz dealerships sell in Q4 deals
Chrysler-Dodge-Jeep-Ram, General Motors and Mercedes-Benz dealerships were sold in fourth-quarter transactions in three states. Two of the transactions involved Canadian dealership groups — Alpha Auto Group and Foundation Automotive Corp. — buyin.....»»
N.Y., CFPB sue Credit Acceptance, allege unaffordable, misleading loans
The difference between the amount financed in an auto loan and what Credit Acceptance would pay a dealership represented a hidden finance charge, the New York Attorney General's Office and CFPB alleged......»»
Lithia Motors, Hendrick Automotive buy dealerships; Group 1 sells store
Honda and Stellantis dealerships traded hands in third- and fourth-quarter transactions that involved Lithia Motors Inc., Hendrick Automotive Group and Group 1 Automotive Inc......»»
The year that brought Silicon Valley back down to earth
On the first trading day of 2022, Apple hit a new milestone for the tech industry: the iPhone maker became the first publicly traded company to hit a $3 trillion market cap, with Microsoft and Google not far behind. As eye-popping as that valuation w.....»»
LMP Automotive under contract to sell 2 more dealerships as it continues plans for liquidation
Morgan Automotive Group closed on the purchase of two Kia dealerships from LMP Automotive Holdings in December. LMP Automotive sold another dealership in Tennessee and said it is under contract to sell two more franchised stores......»»
AutoNation, Ken Garff Automotive among dealership buyers in Q3, Q4 deals
Stellantis, Acura, Ford, Kia and Volkswagen dealerships traded hands in four states in third-quarter and fourth-quarter transactions......»»
The EV Transition Explained: Converting Gasoline Superusers
“We’re never going back,” declare Jonathon and Cory Drayer of Fredericksburg, Va. Both recently traded their respective SUVs for electric vehicles (EVs), and happily swore off every buying another internal-combustion engine (ICE) powered veh.....»»
Buick dealers face at least $300,000 investment to sell and service EVs
The General Motors brand said the minimum investment required of U.S. dealerships for tooling, training and other EV equipment is an estimated average and will vary based on the individual dealership......»»
Cavender Auto Family adds Subaru, Chevy and Buick-GMC dealerships
Cavender Auto Family, in its latest acquisition, added Subaru, Chevy and Buick-GMC dealerships, more than doubling its dealership count in Oklahoma......»»
Dealership group builds web platform to boost used inventory
Per-vehicle gross profit for cars acquired through the website and sold by Performance Auto tends to be about $1,000 higher than for those purchased at auction, said the company's Nathan Myers......»»
Chevy, Ford, Mitsubishi and Buick-GMC dealerships sell in Q3, Q4 deals
Chevy, Ford, Mitsubishi and Buick-GMC dealerships traded hands in third- and fourth-quarter deals across five states. Lithia Motors was the seller in one deal......»»