Autonomy, the Scott Painter-led electric vehicle subscription company, has secured $25 million in financing to expand its fleet by about 1,250 vehicles. The move extends Autonomy’s fleet, which previously only included Tesla, to new brands, along with adding late-model used and off-lease certified pre-owned vehicles into its offering. Autonomy is adding Volvo and Polestar vehicles […] [Read More]

Amazon Autos welcomed a new addition Monday: certified pre-owned owned vehicles from Ford. Consumers can shop, finance and purchase Ford CPO units via Amazon Autos and take in-person delivery of the vehicle at local Ford stores. The program has launched initially in Los Angeles, Seattle, Houston and Dallas, with plans to add other markets. “The […] [Read More]

Haig Partners has a new managing director with a resume that includes stints with luxury automakers and a fellow firm in the advisory space. The dealership buy-sell advisory firm announced the addition of Emily Bourne to lead its efforts in the Midwest and with Lexus and Porsche dealerships. Bourne has plenty of experience with those […] [Read More]

The beat goes on for Lithia & Driveway. The most active dealership group in the M&A market has added two more dealerships, announcing the acquisition of two luxury stores in Southern California. The purchase of Porsche Beverly Hills and Audi Santa Monica from Geoffrey Emery adds an estimated $450 million in annualized revenue, Lithia said […] [Read More]

Carvana’s used unit sales in its third quarter set a new sales record. The company is also making strides toward its previously announced goal of selling 3 million used vehicles annually within the next five to 10 years with a pilot program that provides same-day or next-day delivery of vehicles to customers in its Phoenix […] [Read More]

Roger Penske is quite pleased with his used-car operation’s performance in the third quarter. After all, on a same-store basis revenue from used-vehicle sales companywide was up 7.5% year-over-year and gross profit rose 5.7%, with gross per vehicle retailed up 8.5% same-store and 12.2% overall. But the chairman and CEO of Penske Automotive Group knows […] [Read More]

Although Group 1 Automotive achieved record quarterly used-vehicle retail revenues in the third quarter, the company didn’t spend a great deal of discussion time on the used-vehicle category during its third quarter 2025 earnings call on Oct. 28. Group 1 president and CEO Daryl Kenningham did say, however, at the beginning of the call that […] [Read More]