NOTE: Updated with more details about Akron Auto Auction's purchase of Value Auto Auction. Whether it’s among dealer groups, auctions, tech providers or beyond, June has accelerated the auto industry’s momentum in the buy-sell/M&A space. Lithia Motors & Driveway, for instance, continued its aggressive expansion Tuesday, announcing it has purchased two luxury dealerships in Van […] [Read More]

Consignment-to-retail used vehicle marketplace CarLotz has opened a new hub in Charlottesville, Va.. The new location will be at 1389 Richmond Road, and marks the fourth hub in the state and 12th nationwide.  Ned Gallaway, who previously served as the former manager of CarLotz’s Midlothian, Va., hub, will lead the new Charlottesville store.  “We couldn’t be […] [Read More]

There’s not been an exotic model quite like this one in a dealership showroom. During an exclusive event at Holman Motorcars, hosted in partnership with Supercar Rooms Miami, renowned contemporary artist Bradley Theodore transformed a Rolls-Royce Ghost into a one-of-a-kind work of art, adding his trademark colorful flair to this iconic vehicle that the company […] [Read More]

The Charlotte, N.C., area is the heart of NASCAR and home to two of the nation’s largest dealership groups: Hendrick Automotive Group and Sonic Automotive, both of which have deep lineages in the sport through their respective founders, Rick Hendrick and Bruton Smith. And now another large dealership group whose founder has strong ties to auto racing is […] [Read More]

For your certified pre-owned buyers this year, you might want to keep in mind the brands that fall under the CPO programs Autotrader has honored with the title of top CPO vehicle programs for luxury and non-luxury automakers this year. According to the site, programs from Lexus (luxury) and Kia (non-luxury) stand out in 2021 — something to […] [Read More]

Sonic Automotive is partnering with Dave Ward & Friends Podcast to raise funds for the Houston Children’s Charity. This is a non-profit organization focused on improving the quality of life for Greater Houston's underprivileged, abused and disabled children.  Sonic will be launching a June service lane promotion at its 16 Houston locations to support these […] [Read More]

CarMax is on the hunt for 1,800 new automotive service professionals. To kickstart the hiring wave, the used-car giant is hosting a “Curbside Career Day,” in partnership with Indeed, at 16 of its locations, coming up on June 10 from 10 a.m. to 3 p.m.  It’s looking to secure the almost 2,000 service hires by […] [Read More]

In what consignment-to-retail company CarLotz coined in a news release as an “expansion into the Gateway into the West,” was its move to open a hub to serve the St. Louis metro area. The will open up the company’s unique approach to service, value and inventory to the St. Louis market.  CarLotz also revealed this week its […] [Read More]

LotLinx, known for its inventory marketing technology, is now participating in supporting the U CAN-CER VIVE foundation — a dealer group cancer research non-profit — through a recent donation.  It was founded by siblings Ryan and Kelley LaFontaine of the Michigan-based LaFontaine Automotive Group, in February of 2016. Since then, in just over five years, the organization has […] [Read More]

It’s been a busy month for the team at Performance Brokerage Services, as the automotive dealership brokerage firm announced its involvement in two more closings this week. After being involved in the transaction of a Toyota store in Washington, the firm also helped to facilitate the moves involving a Minnesota Subaru rooftop and a Chrysler […] [Read More]