Ken Garff Automotive Group has purchased two dealerships in Arizona from Earnhardt Auto Centers, according to a news release from Kerrigan Advisors, which represented Earnhardt in the transaction. Ken Garff bought Earnhardt Volkswagen in Gilbert-Chandler and Rodeo Kia in Avondale. “It was a sincere pleasure and honor to once again represent the Earnhardt family in […] [Read More]

Last month marked the first year-over-year rise in certified pre-owned sales since September 2021, according to a Cox Automotive Data Point report Tuesday and month-by-month data the company previously sent Auto Remarketing. Beyond snapping a 14-month streak of year-over-year declines, the CPO market also has this positive sign as year-end draws near: annual sales are […] [Read More]

Swickard Auto Group in Gladstone, Ore., has purchased five dealerships representing seven franchises from Anderson Autos in Thousand Oaks, Calif., according to a news release from The Presidio Group, which advised Anderson in the deal. Included in the deal are Acura, Honda, Jaguar, Land Rover, Lexus, Mercedes-Benz and Commercial Van dealerships. Swickard plans to purchase […] [Read More]

The charitable work in auto retail during the holidays continues, this time with a food drive and efforts to provide those in need with winter coats. Starting with the Greater New York Automobile Dealers Association, the group kicked off its campaign to help the Operation Warm organization last week and anticipates raising more than $100,000 […] [Read More]

Lithia & Driveway has expanded to Kentucky with its latest purchase. The dealer group announced Tuesday it has purchased Glenn’s Freedom CJDR in Lexington, the 33rd store Lithia has acquired in 2022. Lithia anticipates the dealerships will generate annualized revenues of more than $140 million. The near three dozen stores Lithia has purchased this year […] [Read More]

Another example of the racing and retailing worlds connecting surfaced on Monday. Zeigler Auto Group will serve as primary sponsor onboard Josh Bilicki’s new No. 78 Chevrolet Camaro for Live Fast Motorsports during the 2023 NASCAR Cup Series Season. As the youngest team in NASCAR according to a news release, Live Fast Motorsports welcomes Bilicki […] [Read More]

Each year toward the end of November and throughout December, the world of automotive enjoys its own version of the holidays with its flurry of end-of-year and seasonal promotional advertising. These ads are plentiful on television and typically bring excitement with big sales and big red bows on cars and trucks. Sure, the last few […] [Read More]

AutoNation has made a major play in the aftersales business, announcing Monday it is acquiring RepairSmith, a mobile auto repair and maintenance provider, for $190 million. The transaction is expected close in the first quarter. The retailer said the purchase of RepairSmith gives the company another channel to provide aftersales services to its existing customers […] [Read More]

The growth in cross-border dealership M&A activity continues. Lasher Auto Group has sold five dealerships in California  — Elk Grove Acura, Audi, Chrysler/Dodge/Jeep/Ram, Subaru and Volkswagen — to Canada-based Knight Automotive Group, according to a news release from Kerrigan Advisors, which represented Lasher in the deal. “We were honored to represent Lasher Auto Group on […] [Read More]

CARFAX announced this week that its vehicle history database now includes more than 30 billion records. According to a news release, the 30 billionth record loaded into the CARFAX database is an “offered for sale” record on a 2020 Kia Telluride. The company said this Telluride is a one-owner, well-maintained, certified pre-owned SUV that has […] [Read More]