Last week, Vroom used its presence on Nasdaq to generate an incentive for 22 non-executive employees of Vroom and its affiliates. According to a news release, the compensation committee of Vroom’s board of directors approved the grant of inducement restricted stock unit awards covering 95,125 shares of Vroom’s common stock to those 22 non-executive employees […] [Read More]

At a time when many crops are harvested, the Jim Ellis Automotive Group now is planting seeds for success in the luxury vehicle space. On Friday, the dealer group announced the groundbreaking for the first phase of a three-part plan for Mercedes-Benz of Atlanta South, which is currently located in South Fulton, Ga. An all-new […] [Read More]

CarLotz said Thursday it has launched a “Driver’s Seat Advantage” program that includes a 12-month/12,000-mile warranty, low-price match and seven-day/400-mile return policy. Getting into the program’s details, the low-price match means that if a consumer finds a comparable vehicle at a lower price within 100 miles of the hub where the car is up for […] [Read More]

Sutherlin Automotive Group has purchased Earl Duff Subaru in Kingston, Tenn., from Tim Duff, according to a news release from Performance Brokerage Services, which advised on the sale. The store will remain at its current location and is now known as Sutherlin Subaru. In the release, Duff said: “George Chaconas of Performance Brokerage Services reached […] [Read More]

Reputation has released the 2022 Automotive Reputation Report, which analyzes customer feedback on more than 20,000 automotive brands and dealerships across the U.S. and Canada as well as thousands more in Europe. Included in the report are customer sentiment and online reputation rankings of private and public dealer groups in the U.S., as well as […] [Read More]

Lithia & Driveway showed the depth and diversity of its automotive enterprise via the trio of moves the company announced on Tuesday. The actions included the acquisition of five stores, an issuance of securities associated with its finance company and the launch of a state-of-the-art customer relationship management (CRM) and workflow platform. The acquisition allowed […] [Read More]

SmartGroups and Automotive Reinsurance Concepts founder and chief executive officer Justin Osburn appeared on the Auto Remarketing Podcast to share his assessment of how independent dealerships currently are doing. Osburn, who most recently was the National Independent Automobile Dealers Association’s retail 20 groups moderator/consultant and lead instructor for NIADA’s Certified Master Dealer course, also reiterated […] [Read More]

J&M Chevrolet, which is located in the Raleigh, N.C., area, has been sold to Dan Miller and Mark Zurales, according to a news release from Haig Partners, which served as the exclusive advisor on the sale. Carlos Wheeler, a second-generation dealer, is the dealer principal of the store. “We are blessed to have had the […] [Read More]

Time Auto Group and Daniel Crainic have purchased Gresham Chrysler Dodge Jeep Ram in Oregon from Dorian Boyland and Dan Kaiser, according to a news release from Performance Brokerage Services. Boyland is a former MLB player who founded Boyland Auto Group in 1985 after retiring from baseball two years earlier. Boyland purchased Gresham Dodge in […] [Read More]

Dealers often suggest that used-vehicle buyers purchase various kinds of insurance products when taking delivery. This week, Novum Underwriting Partners is giving dealerships an opportunity to get insurance, too. The company announced an exclusive franchised and independent dealer insurance program specializing in multi-line coverage tailored to meet the unique needs of automobile and RV dealers. […] [Read More]