An independent dealership group in business since 1979 just received a majority investment from a value-oriented private equity firm focused on the middle market that manages funds with more than $9 billion of aggregate capital commitments. On Monday, Crestview Partners announced its investment in AutoLenders, which is headquartered in Berlin, N.J., generating approximately $700 million […] [Read More]

Roger Beasley Imports in Texas has supported various charities over the past four decades, including the Austin Chamber of Commerce and Dell Children’s Hospital. One of the company’s dealerships, Roger Beasley Mazda, has also helped animals. The company said all Roger Beasley Mazda dealerships are “dog friendly.” But the dealership each year also donates a […] [Read More]

Saying this year has been a successful one with new product launches and anticipated sales growth, Mitsubishi Motors North America also said on Thursday it has added 10 new dealer partners to its U.S. network. MMNA also continued investment in upgraded retail facilities, saying it completed construction on Arrotta's Mitsubishi in Spokane, Wash. Mitsubishi renovated […] [Read More]

Automotive dealership brokerage firm, Performance Brokerage Services announced the sale of Pat Peck Kia from Group 1 Automotive to Ryan Mayer of Tameron Automotive. Pat Peck Kia will remain at its current location at 10611 Boney Ave. in D’Iberville, Miss. George Chaconas, adviser for the transaction and the Southeast partner for Performance Brokerage Services said […] [Read More]

AutoNation said the J.D. Power Dealer of Excellence Program, which recognizes U.S. retail dealerships that provide a strong customer sales experience, certified 78 of the retailer's stores for 2021. AutoNation president and chief operating officer Jim Bender described the certification as an outstanding accomplishment for the company’s teams, noting that 54 of the company’s stores […] [Read More]

HGreg.com said two of its dealerships have earned the distinction of best-selling Nissan dealership in the U.S. and Canadian markets. HGreg.com is part of HGregoire, a network of 17 pre-owned and 13 new car dealerships throughout Canada and the United States. HGreg Nissan Kendall in Florida, and HGregoire Nissan Chomedey in Quebec have earned the […] [Read More]

A new CarMax program invites people to “do donuts” during their 24-Hour Test Drive experience. Only these donuts are the delicious kind, with frosting and sprinkles. Dunkin’— the all-day stop for coffee and baked goods — is participating in a program in which CarMax customers who participate in the 24-Hour Test Drive through May 16 […] [Read More]

In what the retailer says is one of the largest purchases ever in terms of franchise count, Lithia Motors & Driveway announced Tuesday that it has purchased The Suburban Collection. The Troy, Mich.-headquartered Suburban Collection includes 56 franchises, with 33 brands across 34 locations. It is also Lithia's first major entry into the North Central […] [Read More]

Sonic Automotive has opened its newest EchoPark specialty pre-owned vehicle store in Birmingham, Ala. The 27,000-square-foot facility is the company’s 22nd location to date and its first in Alabama. David Smith, chief executive officer of Sonic Automotive and EchoPark Automotive, said Birmingham has long been a strong market for Sonic’s new-vehicle business. “More and more […] [Read More]

AutoNation said its new partnership with a Major League Soccer club shows its and the club’s commitment to fighting cancer by using the power of soccer and its strong fan base. The soccer club is South Florida-based Inter Miami CF, and as part of the partnership, AutoNation will be the official and exclusive automotive partner of […] [Read More]