Parks Automotive Group, which owns 13 stores throughout the Carolinas and Virginia, has purchased two dealerships near the Charlotte, N.C. area from Jack Salzman and Robin Salzman: Lake Norman Chrysler Dodge Jeep Ram and Gastonia Chrysler Dodge Jeep Ram. That’s according to a news release from Haig Partners, which was the sell-side advisor on the […] [Read More]

Trusted Sale started out in 2018 as a platform to help private parties sell their vehicles easier and more safely. After expanding in various ways since then, the company has now started a program to certify used electric vehicles. Paul Brobson is founder and CEO of the company, which also included a certified pre-owned program […] [Read More]

Like most dealerships, Vaughan Automotive Management’s two Toyota stores have trouble hiring enough qualified people to work in the service departments.  Rather than poach them from other dealerships, dealer principal Shawn Vaughan decided to train his own. His internship program with local Texas schools has been a hugely successful way to recruit service department employees. […] [Read More]

Lori Wittman believes that although vehicle inventory levels are improving, they might never return to what they used to be. Wittman, who is president of retail solutions for Cox Automotive, says every piece of dealers’ inventory on their lots and in their pipelines is extremely important. “Establishing a long-term vision and data-driven inventory strategy is […] [Read More]

Amid predictions that used-vehicle prices and sales are poised to fall, dealers should start the new year resolving to keep a close eye on their used inventory and resist the urge to stock more vehicles than they typically sell in a rolling 30-day period — with a few exceptions. That enables them to “buy and […] [Read More]

The last time the National Automobile Dealers Association held in annual convention in Dallas, Deion Sanders — arguably the NFL’s most electric and versatile player at the time — was mere months away from signing with the city’s beloved Cowboys. Some 28 years later, Sanders is now the head football coach at the University of […] [Read More]

Findings attributed to 120 dealer responses gathered this month from the CARS Drivers Seat Community identified the top three pain points stores anticipate facing in 2023. The survey results arrived as used-vehicle inventory fell for the fifth straight month in December, according to Cars.com data, while new-model inventory increased on the marketplace for the seventh […] [Read More]

Ahead of next week's NADA Show 2023 event in Dallas, at least two dealer groups have news to celebrate. Starting in the Northeast, Tasca Automotive Group, which is based in Rhode Island, has acquired Gibbons Ford in Dickson City, Pa. from John Grow, who is retiring. That’s according to a news release from Tim Lamb Group, […] [Read More]

Group 1 Automotive said Tuesday it has hired a chief legal officer as well as a chief marketing officer. Joining the company as CLO and senior vice president is Gillian Hobson, who comes over from Vinson & Elkins in Houston. She was part of the firm’s management committee and was Group 1’s primary relationship attorney. […] [Read More]

Michigan-based Zeigler Auto Group previously announced it was sponsoring a race car for the upcoming NASCAR season. Last week, North Carolina-based LeithCars.com said it’s putting its name on a race track again by continuing its commitment as the official automotive dealership partner of VIRginia International Raceway (VIR). The continuing partnership comes with opportunities for both […] [Read More]