Many folks love to vacation either in south Florida or Las Vegas. Lithia & Driveway are looking to retail more vehicles to potential buyers who might reside in those locations. The company announced on Tuesday it has expanded its south Florida footprint with the purchase of nine Lehman Auto World stores and two Esserman International […] [Read More]

Dealer Image Pro recently announced results from an industry survey it commissioned to better understand how dealers are using vehicle photography and video to best merchandise cars and trucks in today’s digital retailing landscape.  Dealer Image Pro presented an online survey to more than 3,000 automotive dealer professionals during June. According to a news release, […] [Read More]

This dealership news roundup begins with another Canadian-based group expanding its footprint in the United States. A couple of days after Steele Auto Group finalized an acquisition with Group 1 Automotive, Knight Automotive Group made a deal with the John Elway Dealership Group. According to a news release from Performance Brokerage Services, the firm assisted […] [Read More]

Late on Thursday afternoon, Sonic Automotive chief executive officer David Smith released a statement on the passing of the company’s founder and executive chairman Bruton Smith. “Yesterday, our company’s founder, executive chairman, and my father, Bruton Smith, passed away. He lived a truly remarkable life fulfilling his love for the automobile business, motorsports, philanthropy and […] [Read More]

The dealership news roundup includes a store opening, another rooftop changing hands and a group expanding its leadership team. Let’s begin with more activity within mergers and acquisitions, as Haig Partners served as the exclusive sell-side advisor to Group 1 Automotive on the sale of Sterling McCall Hyundai South Loop in Houston to Steele Auto […] [Read More]

CarLotz is closing 11 of its hubs and three planned locations will not open, the company said Tuesday. The closure of these dealership stores was set to begin Tuesday, with the aim of completing the closures by July 8. The resulting workforce reduction would be an estimated 25% to 30%, CarLotz said. “While decisions that […] [Read More]

Auto Remarketing is proud to celebrate our annual Women in Retail awards, a program sponsored by CarGurus. With these awards, we specifically recognize top leaders on the retail side of the auto industry, including honorees from dealerships, dealer groups and third-party providers/vendors. Honorees will be recognized in the upcoming July issue of Auto Remarketing and […] [Read More]

We go out West for this round of dealership M&A. Starting in Washington state, the Bud Clary Auto Group has purchased Auburn Volkswagen from Matt Welch, who acquired the dealership in 2006. The news was shared in a release from Performance Brokerage Services, which facilitated the sale. The family-owned Bud Clary Auto Group was founded […] [Read More]

Van Horn Automotive Group has launched an online used-car buying platform called CloudLot that allows consumers to conduct all car-buying steps from selecting a vehicle to scheduling delivery completely online. The platform, which is available at ShopCloudLot.com, is powered by Cox Automotive’ Esntial Commerce technology. “As Wisconsin’s only employee-owned auto group, we will continue to […] [Read More]

Fuccillo Automotive Group has sold its Fuccillo Kia of Clermont dealership in the Orlando, Fla.-area to Florida-based Morgan Automotive Group, according to a news release from Kerrigan Advisors, which represented Fuccillo in the sale. Morgan Automotive Group has 53 Florida dealerships throughout Tampa, Gainesville, Ocala, Lake City, Jacksonville, Sarasota, Naples, Fort Myers, Brandon, New Port […] [Read More]