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]

A Tennessee team is welcoming more Alabama to the family. Well, at least in auto retail. Nashville-based Carlock Automotive Group said it has purchased Mobile-based Gulf Coast Automotive Group, expanding Carlock’s presence in the Yellowhammer State. Gulf Coast Automotive Group includes Audi Mobile, Volkswagen Mobile, Porsche Mobile and Volvo Cars Mobile, which are located in […] [Read More]

Based on their current pace, full-year certified pre-owned vehicle sales are likely to see a double-digit-percentage decline from 2021 and reach their lowest annual tally in eight years. However, there were was some momentum in August, at least from a sequential standpoint. That’s according to a Data Point report from Cox Automotive, which said there were […] [Read More]

Through a new project by the firm, the 2022 Pied Piper PSI Internet Lead Effectiveness (ILE) Study measured responsiveness to internet leads coming though dealership websites. Topping the ranking among 15 national dealer groups evaluated was the Napleton Auto Group, followed by … [Read More]

A variety of dealer groups — including Sonic Automotive, Group 1 Automotive, the Lou Fusz Automotive Network, Barnes Crossing Auto Group and Ed Morse Automotive Group — have expanded their businesses in recent days. We begin with this roundup with Sonic on Tuesday announcing the continued expansion of the EchoPark Automotive brand via the opening […] [Read More]

Another acquisition announcement surfaced on Tuesday, this time in the training space. NCM Associates said it has acquired Sioux Falls, S.D.-based Spader Business Management and its subsidiary, A World of Training, in a move that was effective on Aug 31. According to a news release, this action furthers NCM’s growth, diversification and client support in […] [Read More]

The auto dealer buy-sell space continues to flourish, but in recent months, it has been the private dealer groups doing the buying, as activity among the publics has slowed. Overall, according to the Q2 2022 Haig Report from Haig Partners LLC, there was a 3% year-over-year spike in … [Read More]

Foundation Automotive Corp., which has stores in both the U.S. and Canada, said Tuesday it has purchased its first Mercedes-Benz dealership, acquiring Mercedes-Benz of Wichita Falls in Texas. This is the group’s ninth store in Wichita Falls, Texas, and 36th overall. Kendrick Jones will be the dealership’s general manager. “Mercedes-Benz is synonymous with excellence and […] [Read More]

Experts likely are just beginning to tally up how many used vehicles dealerships retailed in August. But ADESA chief economist Tom Kontos highlighted how many used vehicles were retailed through July as a part of his latest Kontos Kommentary. Kontos reported that franchised and independent stores combined to retail … [Read More]

Sonic Automotive continued expansion of the EchoPark Automotive brand on Wednesday on its drive toward a nationwide distribution network that is expected to reach 90 percent of the U.S. population by 2025. The newest delivery center is in Tulsa, the second largest city in Oklahoma. According to a news release, the Tulsa delivery center is […] [Read More]