Penske Automotive Group didn’t have to go far for its latest purchase. The retailer said Tuesday it has acquired Erhard BMW of Bloomfield, which is just over a mile away from and located on the same street as Penske’s Bloomfield Hills, Mich., headquarters. The store is Penske’s 48th BMW store globally and the automaker’s largest […] [Read More]

The National Association of Minority Automobile Dealers and Ally Financial recognized Andrea Park Zadd, who is the president of Cresmont Auto Group in Cleveland, with the “Ally Sees Her” award at NAMAD’s annual conference. The award spotlights women dealership leaders for their commitment to boosting their communities and auto industry diversity. As part of Zadd’s […] [Read More]

This week, NVI Institute Blairsville, NAPA Auto Parts and Universal Technical Institute all announced their latest efforts to help auctions, dealerships and other vehicle repair operations that are all in great need of trained technicians. According to the Bureau of Labor Statistics, demand remains strong for skilled technicians nationally, with the estimation there are approximately […] [Read More]

In addition to a few other dealer group moves this week, Sonic Automotive said Wednesday it has opened an EchoPark delivery center in Baton Rouge, La., the second location in the state for Sonic’s chain of standalone used-car stores. There is also an EchoPark delivery center in New Orleans. Sonic now has 33 EchoPark locations […] [Read More]

Tuesday brought at least a trio of M&A moves among the public auto retailers, as the buy-sell market remains hot in retail automotive. Starting with Asbury Automotive Group, it has completed its purchase of Stevinson Automotive, a deal that includes eight stores and adds annualized revenues of $715 million. The eight Denver dealerships include two Lexus […] [Read More]

CarLotz is going Mobile. Alabama, that is. The consignment-to-retail used-car marketplace is opening its first-ever hub in the state on Monday. In addition to this facility — located at 3016 Government Blvd. in Mobile — CarLotz plans on opening a second Alabama hub this month in Huntsville. “Our continued expansion in the Southeast and entry […] [Read More]

This week, Foundation Automotive and Group 1 Automotive each described their latest charity endeavors. Beginning with Foundation, two of its stores — Kramer Chevrolet and Kramer Subaru — hosted their 15th annual Military and Customer Appreciation Event and Car Show on Sept. 11 with all proceeds going directly to the North Dakota National Guard Emergency […] [Read More]

Cherokee Media Group recognized its 2021 Used Car Awards winners, a program sponsored by KAR Global, at Used Car Week in November. The  conference was held Nov. 15-18 at Red Rock in Las Vegas. Spotlighted during the Used Car Awards Luncheon, also sponsored by KAR, were Andy Mohr Ford, the 2021 Franchise Dealer of the Year, […] [Read More]

Sonic Automotive continues to expand its standalone used-car store program, announcing Tuesday that it has opened an EchoPark delivery center in Augusta, Ga. This is Sonic’s third EchoPark facility in the state and 32nd overall. “With the opening of our newest EchoPark delivery center, we continue to grow our network in the state of Georgia, […] [Read More]

November has been another active month at Carvana, which like many used-vehicle retailers is dealing with the headwinds of high wholesale prices and limited supply. Still, Carvana not only expanded its Midwest footprint in November, the retailer also added the 29th and 30th vehicle vending machines to its marketing portfolio. Carvana now offers as-soon-as-next-day vehicle […] [Read More]