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.....»»
LinkedIn Live talk from the Automotive News Retail Forum
Join us on LinkedIn at noon Eastern on Oct. 27 for a live talk with Mark LaNeve, chairman of the auto dealership vertical at Franchise Equity Partners and former top sales and marketing executive at both General Motors and Ford Motor Co......»»
How Lithia is diversifying and thinking globally
Lithia has made dealership acquisitions, digital retail and its own captive finance unit company hallmarks as it aims to reach $50 billion in annual revenue by 2025. But some business diversification appears on tap......»»
LMP Automotive sells Stellantis dealership, signs deal to sell Kia dealerships
The Chrysler-Dodge-Jeep-Ram dealership in White Plains, N.Y., is Tasca Automotive Group's first store in that state......»»
Lithia Motors" Q3 net income rises as revenue hits record
Lithia Motors Inc., which continued its dealership network expansion in the third quarter, posted vehicle sales increases and record revenue......»»
Passport Automotive settles FTC suit over illegal fees, discrimination for $3.38 million
Passport Automotive agreed to pay $3.38 million to settle a Federal Trade Commission lawsuit filed against the dealership group for charging illegal fees and discriminating against Black and Latino customers. The dealer group denies it discriminated......»»
2 die after small plane crashes at Ohio dealership
The pilot and a second occupant were killed in the crash. No injuries were reported on the ground, but 12-15 vehicles were destroyed......»»
For auto dealerships, cybersecurity is more essential than ever
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.....»»
Dealership service business is strong, but challenges loom
Dealerships' service and parts businesses are doing well, in part because more consumers are holding on to older vehicles longer. But issues exist, including technician shortages and parts availability......»»
Swickard Auto strikes gold out west
An expanding Swickard Auto Group entered Southern California via a majority stake purchase of John Elway's Crown Toyota in Ontario, one of the Japanese automaker's highest-volume U.S. dealerships. And the dealership's price tag also fetched near-r.....»»
VW dealership employee burned, taken to hospital after explosion linked to vaping
The Volkswagen of Kirkland employee was burned but conscious when taken to a Seattle hospital Monday, according to Kirkland Fire Battalion Chief Seth Buchanan......»»
Toyota, Ford, GM, VW and Hyundai dealerships sold in 4 states
Four dealership groups expanded through five transactions involving Toyota, Buick-GMC, Volkswagen, Hyundai and Ford dealerships across California, Texas, Indiana and Michigan......»»
Dennis & Co. Auto buys Stellantis and Infiniti dealerships
Dennis & Co. Auto Group in August bought a dealership that had been slated to be purchased by LMP Automotive Holdings Inc. and another store from Bernie Moreno......»»
Bernie Moreno sells last dealership, looks to acquire again
Former U.S. Senate candidate-hopeful Bernie Moreno sold his last dealership in August in Florida. But he's looking to acquire again......»»
CDK to give dealers ability to share data with software vendors
Dealership management system provider CDK Global will allow auto retailers to share data directly with third-party software providers, a change from its existing vendor integration practices......»»
Leadership changes at CDK"s Roadster, Salty Dot businesses
The founders of two dealership technology companies CDK Global Inc. acquired last year have moved on......»»
Ford dealer all-in on new order process
The Las Vegas dealership saw Ford Motor Co. moving toward customer orders for its vehicle models and set up its own retail ordering process, which included updating the store's website and creating spreadsheets to track order status......»»
Lithia Motors sells Stellantis and Honda dealerships in September deals
Lithia Motors Inc. shed one domestic dealership and an import store, both in California, in September......»»
Former dealership employee accused of stealing $1.3 million
A former employee of Pine Belt Nissan of Toms River, a dealership in New Jersey, has been charged with money laundering and theft via an advertising scheme, with prosecutors alleging he stole more than $1.3 million......»»
Subaru, Lexus win best reputation survey for auto brands in 2022
AutoNation and Hendrick were tops among dealership groups. Reputation analyzed 33 brands, about 20,000 dealerships and 5 million customer reviews to create its 2022 rankings......»»
Louisiana Hyundai dealership employee shoots co-worker, police say
An employee at a New Orleans-area Hyundai dealership has been arrested following the shooting of a co-worker in the store's service center......»»