Lithia & Driveway is handing Pinewood Technologies Group the keys to their North American joint venture. The companies announced the U.K.-based software provider has acquired Lithia’s controlling 51% stake in the operation in a $76.5 million transaction with LAD subsidiary Lithia UK Holdings Limited. The deal also includes a five-year commitment to using the Pinewood […] [Read More]

A New York-area dealership illustrated its commitment to its local community with a contribution aimed at supporting its youth. Rockland Nissan in Blauvelt, N.Y., donated $2,500 to Big Brothers Big Sisters of Rockland County for the organization’s mentorship programs, empowering young people and providing them with the tools to succeed. “Community support is at the […] [Read More]

Work Truck Solutions saw the need for a new executive position, so the commercial vehicle specialist filled the role with a professional whose career includes time with TrueCar. On Tuesday, the company said Alex Young has joined Work Truck Solutions as its first chief product officer to emphasize a continued commitment to innovation in the […] [Read More]

Sonic Automotive’s latest marketing partnership has put EchoPark on the fast track. Literally. Sonic’s used-car operation has teamed with Speedway Motorsports to put its name on the racetrack formerly known as Atlanta Motor Speedway in a seven-year, multi-million-dollar agreement. The 66-year-old facility in Hampton, Ga., which hosts two NASCAR Cup Series races each year, is […] [Read More]

With the used electric market poised to grow in coming years, CarMax — where website searches for EVs have more than doubled since January 2022 — is taking steps now to become the leader in that space. The used-car retailer announced a series of initiatives on Wednesday designed to improve the used EV buying and ownership experience, including measures around EV education, battery health assessment and at-home charging, and tax rebates. Those steps include ... [Read More]

Reynolds and Reynolds Company, Volkswagen Group of America and LaFontaine Automotive Group have come together to create something new, combining kiosk technology with Volkswagen mobile service. Reynolds installed a GoMoto kiosk at Volkswagen’s operations facility in Auburn Hills, Mich., and partnered with LaFontaine’s Volkswagen dealership in nearby Dearborn to provide mobile service via a system […] [Read More]

Lithia & Driveway is moving up in the corporate world. The dealership group, which operates some 450 locations in the U.S., Canada and the U.K., announced it ranks 124th on the 2025 Fortune 500 list, up 16 spots from its 2024 ranking. LAD was No. 1 in the list’s Automotive Retail category for the second […] [Read More]

Group 1 Automotive announced a $1.0 billion increase in its revolving syndicated credit facility to $3.5 billion, as well as an extension of its maturity date to May 30, 2030. The dealership group, which operates 263 dealership locations and 39 collision centers in the U.S. and U.K., said the syndicated credit facility can be expanded […] [Read More]

Flexcar has a new home. The month-to-month flexible car lease company has moved into its new headquarters in downtown Boston, a 16,000-square foot space that’s more than 15% larger than its previous office in the city’s Seaport district. The company said the new facility has a capacity of more than 100 employees. “As demand for […] [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]