Used EV price increase continues to accelerate
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Copart’s acquisition of ACV could help ‘make a splash’ in commercial consignment, too
Copart’s $1.9 billion all-cash acquisition of ACV Auctions, which closed last week, is big opportunity for the former to expand further into the whole-car remarketing space, particularly among franchise dealers. “I think this opens up the world and our ability to do a lot more vehicles in that space,” Copart CEO Jay Adair said last […]
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NADA elects first female chair since 2008, will be second woman overall in role
Next year will be a historic one for the National Automobile Dealers Association. Sandy Fitzgerald Angello will become the second woman to serve as NADA chair and the first in almost 20 years. In 2008, Annette Sykora was the first woman to become chair of the trade group. Angello, vice president and dealer operator of […]
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Dealership buy-sell moves from Md. to Calif. to Wisc.
Asbury Automotive Group has sold Kia of Owings Mills in Maryland and its related real estate to Stivers Automotive Group, according to a news release from The Presidio Group, which advised Presidio on the transaction. With this move, Asbury continues its portfolio management efforts aimed at concentrating its resources on core business and key expansion […]
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