Jeffrey Brown is moving from one of the biggest players in all of automotive to another. Ally Financial announced Wednesday that Brown will be stepping down early next year after serving as chief executive officer and a member of Ally’s board of directors since 2015. According to a news release, following his departure, Brown will […] [Read More]

This dealer news roundup includes another buy-sell move in the Sunshine State as well as a member of Congress traveling from Washington, D.C., to visit a Kia dealership in his district in Washington State. According to a news release from Performance Brokerage Services distributed on Tuesday, Crown Automotive Group sold Crown Mitsubishi in St. Petersburg, […] [Read More]

Last October, Carvana became the title sponsor for the Professional Pickleball Association (PPA). This week, the online used-vehicle retailer finalized its newest sports partnership in another growing outdoor activity, forging a relationship with renowned professional mountain biker and Red Bull athlete Jaxson Riddle ahead of the world’s premier big-mountain freeride event, Red Bull Rampage. According […] [Read More]

For the second month in a row, a major used-vehicle retailer filed for bankruptcy with the intention of shutting down operations. Late on Friday, Shift Technologies announced that it and its subsidiaries intend to file a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court to […] [Read More]

Davie, Fla.-based Rick Case Volkswagen recently won an award for being the No. 1 volume certified pre-owned VW dealer in the country during 2022, and the dealer group’s chief operating officer was impressed by the response he saw from the automaker. “Everybody from national came in, everybody from the regional office and local support — […] [Read More]

Murgado Automotive Group has expanded into Virginia with the acquisition of Mercedes-Benz of Richmond and Mercedes-Benz of Midlothian from Rod McGeorge. The dealerships are Murgado Automotive’s first in Virginia, joining franchises in Florida, Illinois and New Jersey. The group now operates a total of 26 dealerships. “Mercedes-Benz of Richmond and Mercedes-Benz of Midlothian have been […] [Read More]

CarMax’s revenues, net earnings and sales all fell in the second quarter of its fiscal year, according to the company’s quarterly report. In Q2, which ended Aug. 31, the used vehicle retailer’s net revenues dropped 13.1% compared to the same span last year, finishing the quarter at $7.1 billion, while net earnings fell almost 6% […] [Read More]

Charitable Adult Rides and Services (CARS), a San Diego-based nonprofit that helps organizations increase fundraising through vehicle and real estate donation programs, has launched its second annual Cartober campaign, a month-long awareness initiative designed to promote the power of vehicle donations in supporting nonprofits. The campaign includes Disabled American Veterans, San Diego public television station […] [Read More]

Online used car retailer Carvana has joined with Esports and gaming company NRG in hosting a skills challenge event to find the world’s next Rocket League pro. The Carvana|NRG Combine, in collaboration with the Network of Academic and Scholastic Esports Federations, is inviting outstanding student Esports athletes ages 18 and up to compete for a […] [Read More]

Graham Ourisman Automotive’s sales numbers will get a big boost from its latest acquisition. The dealer group purchased McGeorge Toyota in Henrico, Va. — ranked No. 4 in sales volume among franchise dealerships in the state — from Rod McGeorge and the McGeorge Family of Dealerships. The new acquisition, to be renamed Ourisman Toyota of […] [Read More]