Beyond the Transaction: EVs, new technologies cause auctions & others to rethink reconditioning
Tour of a.i.m's North Carolina reconditioning center in November. Photo by Joe Overby.
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Dealer group M&A: Succession plan sales in New York, Kansas
Succession and post-retirement plans are a big part of the dealership buy-sell landscape. That played in two sales announced recently. Starting in New York, the Mangino family has sold its Chevrolet and Buick GMC stores to Georgica Auto Holdings, LLC, according to Dave Cantin Group, which advised the sellers on this transaction. Mangino Chevrolet in […]
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AI helps Lithia improve used profitability, though pricing still a challenge
Lithia & Driveway’s used-vehicle sales in the third quarter were a somewhat bright spot as new-vehicle sales showed some weakness. “In used vehicles, our pricing strategy continues to deliver,” chairman and CEO Bryan DeBoer said on group’s latest earnings call, “and it’s a great example of our ecosystem, technology and people all working together as […]
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Cars.com executive changeovers continue with new chief product officer
The revamp of Cars.com’s top-level executive team keeps evolving. The newest move came on Thursday when Cars.com appointed Mausam Bhatt as chief product officer, effective on Monday. Bhatt will join the company after it has already hired a new chief financial officer, who is set to start next Friday, as well as a new chief […]
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