In the spirIt of Valentine's Day, CARFAX is starting the week by “showing its love” for its dealer partners and recognizing its third annual CARFAX Top-Rated Dealers, a program that spotlights stores with best customer reviews. The average ratings score for these stores is 4.6 out of 5. “CARFAX has nearly 3.3 million verified customer […] [Read More]

Monday’s dealer roundup includes the growth of a 3-year-old California group along with the latest charity efforts of an Atlanta-area group in business since the early 1970s. Beginning first in the Golden State, Hello Auto Group announced it has opened a new Mazda dealership in San Diego’s Kearny Mesa community. The dealership and service center […] [Read More]

Another busy week of dealership activities unfolded with an acquisition involving seven franchises, a dealer association rolling out its annual effort to help college students as well as another large dealer group raising $100,000 for two dozen charities. Let’s begin with the latest M&A move involving Haig Partners, which was the exclusive sell-side advisor to […] [Read More]

The dealership acquisition and philanthropic activities continued on Tuesday, as separate news releases highlighted the newest developments in western Michigan and southern California. Let’s begin first with the M&A moves involving Kerrigan Advisors, which represented Hitchcock Automotive in its sale of three high-volume Toyota dealerships in southern California.  According to a news release, Kerrigan helped […] [Read More]

More buy-sell moves as well as fundraising activities involving dealerships surfaced on Friday. Beginning first with more actions connected to mergers and acquisitions, Haig Partners was the exclusive sell-side advisor to the McDermott Auto Group on the sale of David McDermott Lexus and Dave McDermott Chevrolet located outside New Haven, Conn. According to a news […] [Read More]

Ford is giving its online used-vehicle marketplace an upgrade, adding a 14-day/1,000-mile money-back guarantee to the Ford Blue Advantage platform. In a news release Thursday, Ford called the new guarantee the “best offered from full-line automakers and its dealers” with an aim to provide a better experience for the customer and stand out in a […] [Read More]

Carvana has added its 312th market, announcing Wednesday that its home delivery is now available in the Cape Girardeau area of Missouri. The company launched in Joplin and Springfield back in September, bringing its market count in the state to six, at that time. “Today’s launch in Cape Girardeau offers even more residents in Missouri an […] [Read More]

Tom Staszak, who is senior managing director of mergers & acquisitions at Generational Equity, joins the Auto Remarketing Podcast to talk about the rise in dealership buy-sell activity. In this episode, we discuss the drivers of that M&A growth, why it makes sense for some stores to exit, and moves in the auto industry at large. […] [Read More]

CARFAX announced Tuesday it has launched the CARFAX Lifetime Dealer program, which allows participating dealers to show consumers their respective stores are providing “full access to CARFAX products whether they’re buying, servicing, or trading in their used car.” In other words, a mark of distinction for the dealers providing such services throughout the used-car lifecycle. […] [Read More]

Separate announcements from DCG Acquisitions, part of the Dave Cantin Group (DCG), and Haig Partners detailed how a dealer group in the Northwest as well as another one in the Southeast each became bigger this week. DCG represented both parties in the larger of the two newest developments, as the Gee Automotive Companies — among […] [Read More]