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.....»»
Toyota"s Jack Hollis expects "one more year" of historically tight inventories
Jack Hollis, head of sales for Toyota Motor North America, says dealership inventory levels won't be able to grow at all until perhaps the third quarter of 2023, and are unlikely to ever return to their pre-pandemic levels......»»
Sonic Automotive buys Audi store in Maryland from AutoNation
Sonic said Monday it bought Audi Owings Mills, northwest of Baltimore. Terms were not disclosed, but the dealership's name remains the same......»»
Donald Foss, billionaire founder of Credit Acceptance Corp., dies at 78
Foss founded Credit Acceptance Corp. in 1972 after starting a car dealership in Detroit five years earlier......»»
Alan Jay Automotive Network sells 2 stores after failed LMP deal
Two Florida dealership groups have acquired the Toyota and Alfa Romeo-Maserati dealerships from Alan Jay Automotive Network in separate June transactions......»»
Car dealership employees can see the doctor — at work
Switching from traditional health insurance with a big-name provider has saved Lakeland Automall hundreds of thousands of dollars and helped retain employees......»»
Audi, Nissan, Ford and Stellantis dealerships acquired in Q2 and Q3 transactions
Three dealership groups expanded, while a new group bought a pair of dealerships, in acquisitions that closed in the second and third quarters involving stores in Missouri, Arkansas, Texas and Vermont......»»
If T. Rex"s Beady-Eyed Glare Terrifies You, It Should
Top-predator dinosaurs of the Cretaceous may have traded big eyes for a bigger bite.....»»
Car detailing contractors involved in shooting at Georgia Hyundai dealership
A man was shot Wednesday in the parking lot of a Hyundai dealership in northern Georgia, reportedly the result of an argument with another man......»»
Elon Musk Has A Home Near SpaceX Starbase. It Isn"t What You"d Expect
Billionaire Elon Musk traded in his California homes for a modest one in Boca Chica, Texas, which is close to the SpaceX campus. Billionaire Elon Musk traded in his.....»»
4 Effective Strategies to Leverage Crypto in Your Business
Cryptocurrency investments have become a relatively famous trend nowadays. The crypto adaptation is way past mere retail now. Institutions like privately traded companies and governments are bringing crypto into the fold. Before we dive in further, l.....»»
Brand and dealership loyalty decreasing as consumers pay more, GfK research says
New research from Growth from Knowledge AutoMobility shows loyalty toward brands and dealerships continues to decline as sticker prices go up......»»
Ex-Reynolds and Reynolds CEO Bob Brockman dies at 81
Brockman was a software entrepreneur and built Reynolds and Reynolds into a dealership management system giant before he was indicted in a landmark tax-evasion case......»»
Buick-GMC dealership finds recruiting female workers pays off
Second-generation owner Whitney Yates-Woods wanted to make sure her customers — many of whom are women — feel comfortable and represented......»»
Stellantis and Ford dealerships sell across 4 states
Four dealerships — Stellantis and Ford stores — traded hands in first- and second-quarter transactions across four states......»»
Cars.com posts smaller Q2 profit, growth in revenue, dealership customers
Dealership technology company Cars.com reported a smaller second-quarter profit and higher revenue and dealership customer numbers amid the ongoing inventory shortage......»»
Reynolds and Reynolds still on acquisition hunt
President Chris Walsh said in February the company would look for acquisitions in 2022 to bolster its product portfolio and offerings. Since then, the dealership management system provider has completed two acquisitions......»»
To sell more used vehicles online, groups create brands
Some dealership groups are creating standalone brands as they launch new online sales tools with the goal of reaching new customers and diversifying operations......»»
Tool keeps shoppers on dealership website
The tool is fostering engagement with online shoppers and helping the store sell more accessories, managers say......»»
Stellantis, Mazda and Ford dealerships acquired in 4 states
Four dealership groups, including a growing retailer from Canada, completed second- and third-quarter transactions across four states......»»
Honda, Ford, Stellantis, GMC dealerships sell in 4 states
Morgan Automotive Group was among the buyers in first- and second-quarter acquisitions that expanded four dealership groups across four states......»»