The first quarter of 2025 was the slowest Q1 for dealership buy/sell activity in at least 10 years, while dealership profits remained at a high level, according to the latest report from Haig Partners. The Q1 2025 Haig Report showed just 68 rooftops changed hands, down 57% from Q1 2024 and the fewest since the […] [Read More]

Former dealer Jay Lee has been named director of West Coast operations for the Tim Lamb Group. The dealership sales and acquisitions firm said Lee will oversee its operations and client engagement in Washington, Oregon, California, Arizona and Nevada. Lee has been an owner and dealer principal in his 25-plus-year career, the company said, building […] [Read More]

Zeigler Automotive Group is one of the best and brightest. Again. The dealership group was selected for a Best and Brightest Companies to Work For Award in the Chicago market for the 12th time. The award, presented by the National Association for Business Resources, honors area businesses that establish and maintain stringent standards and exemplary […] [Read More]

They might be some of the younger personnel at their dealerships, but they’ve already shown their ability to thrive in a variety of roles and responsibilities. This year’s Dealers Under 40, presented by CDK, hail from a variety of operations. Some honorees are already store general managers or leading executives for dealer groups. Others specialize […] [Read More]

Two top executives from Ciocca Automotive, a growing automotive group with 54 dealerships in New Jersey and Pennsylvania, recently described what the partnership with Assurant has done for their dealerships’ F&I performance and other parts of the retailer. “We’re already seeing the positive effects of working with Assurant,” Ciocca Automotive CEO Mark Harrold said in […] [Read More]

The newest data from VantageScore released this week showed that if you want to ignite auto financing, just create a global pandemic or launch tariffs among some of the world’s leading economies. According to the latest edition of CreditGauge from VantageScore that also noted a short-term improvement in repayment activity, global reactions to the new […] [Read More]

Marsim Auto Group has opened a new home for two of its three dealerships. The Toronto dealership group Thursday unveiled the new 40,000-square-foot facility of Toronto Hyundai and Genesis Yorkdale. In a news release, Marsim said the $30 million development, built on a site left underutilized for more than 50 years, “ushers in a new […] [Read More]

The indefinite pause in Canada’s Incentives for Zero Emissions Vehicles rebate program hasn’t significantly affected the number of Canadians considering buying an electric vehicle — but it has made a big difference in how seriously they’re considering it. J.D. Power’s 2025 Canada Electric Vehicle Consideration Study found 28% of new-vehicle shoppers in Canada said they’re […] [Read More]

Former ACV Auctions executive Ryan Story has joined Signal Technologies as senior vice president of operations. The British Columbia-based exporting platform for Canadian auto dealers said Story will oversee operations and remarketing to help dealers unlock the full value of the U.S. wholesale market. Story’s career includes nearly 20 years of experience in operations, sales […] [Read More]

In today’s automotive retail environment, staying competitive often requires significant capital investments, whether acquiring additional rooftops, investing in new technologies, or upgrading facilities to meet evolving OEM requirements. At Mach10 Automotive, we’re often asked how to best leverage real estate assets when the topic of expansion comes up. To fund expansion without taking on new […] [Read More]