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.....»»
A digital shift: Dealer groups adjust as more customers turn to omnichannel sales
The nation's public dealership groups say they saw continued digital sales growth in the third quarter, with some retailers selling thousands of vehicles through online sales platforms and others reporting at least half of their transactions involved.....»»
Safford Automotive buys 16 Brown"s Car stores in largest dealership acquisition of 2022
Safford acquired 14 franchised dealerships, a used-vehicle store and a muscle and classic car store from Brown's......»»
Safford Automotive buys 16 Brown"s Cars stores in largest dealership acquisition of 2022
Safford acquired 14 franchised dealerships, a used-vehicle store and a muscle and classic car store from Brown's......»»
Toyota, Kia, Stellantis, Ford and GM dealerships sell across 5 states
Toyota, Kia, Stellantis, Ford and GM dealerships traded hands in multiple transactions across five states......»»
N.H. woman accused of stealing $350,000 from Chevrolet dealership
Tina Fournier also allegedly used credit cards tied to Brooks Chevrolet and its successor, Noyes Chevrolet, without authorization......»»
Auto retailers are falling victim to sophisticated phishing
Cybercriminals are getting craftier as auto retailers continue to fall victim to well-disguised cyberattacks. According to the second annual dealership cybersecurity study by CDK Global, 15% of dealers have experienced a cybersecurity incident in the.....»»
Ford, Subaru and Volkswagen dealerships trade hands in Q3 deals
Ford, Subaru and Volkswagen stores were acquired by dealership groups in separate third-quarter transactions......»»
Used-vehicle profitability tumbles for public dealership groups; Q3 declines range from 11% to 31%
Each of the six major public dealership groups is taking in less gross profit per used vehicle, while a pair of them have seen used-vehicle sales volumes tumble, too......»»
Cars.com swings to Q3 net loss, posts higher revenue
The dealership technology company's dealership customer count grew to 19,585 as of Sept. 30, up 556 from a year earlier and up 68 from June 30......»»
Serra Automotive, Germain Automotive Partnership buy Lexus and Toyota dealerships
Two Lexus and two Toyota dealerships in Michigan now are owned by a pair of growing Midwest dealership groups......»»
Chevrolet dealership employee accused of giving herself unauthorized bonuses
Ariel Rutenbeck, 32, was charged with grand theft for allegedly altering Dimmitt Chevrolet's payroll, giving herself $28,000 in unauthorized bonuses......»»
GMC, Nissan and Stellantis dealerships trade hands in Q4, Q3 deals
A standalone GMC dealership, plus Nissan stores and a Stellantis outlet traded hands in third-quarter and fourth-quarter deals......»»
Larry H. Miller Hyundai Peoria named Best Dealership To Work For
It is the first time Asbury-owned Larry H. Miller Hyundai Peoria in Arizona has claimed the No. 1 spot......»»
U.S. dealership average pay surpasses $100K while turnover tumbles
Average industry turnover was 34 percent in 2021 — the lowest level in the 11-year history of the National Automobile Dealers Association's annual Dealership Workforce Study......»»
U.S. dealership turnover tumbles as employee earnings soar
Average industry turnover was 34 percent in 2021 — the lowest level in the 11-year history of the National Automobile Dealers Association's annual Dealership Workforce Study......»»
Firm invests $70M into dealership group led by Jonathan Sobel
Franchise Equity Partners is officially in the auto dealership business following a $70 million investment into Jonathan Sobel-led Georgica Auto Holdings......»»
Employee ordered to pay back nearly $50K to Chrysler-Dodge-Jeep-Ram dealership
Nicole Bradley tampered with financial records and used unauthorized funds from Erwin Chrysler-Dodge-Jeep in Troy, Ohio......»»
Arizona dealership group gets green light to pursue suit over raid by state AG
A federal judge in Phoenix has given the green light to Mark Enterprises to pursue a lawsuit against state attorney general agents after a raid in October 2019......»»
How a VW dealership’s competitions boosted alignment, tire sales
Onion Creek Volkswagen boosted sales of alignments and tires by establishing a process that all service advisers follow and by holding competitions. Commissions, bonuses and other spiffs are up for grabs each month......»»
Public cloud investment has plummeted in 2022
Report claims stock prices of publicly traded cloud companies have been decimated over the past 12 months......»»