Charles Fisher will join peer-to-peer car sharing marketplace, Turo, as its new chief financial officer. In his new post, Fisher will lead all aspects of Turo’s finance, investor relations and accounting functions. Fisher will also be responsible for financial operations and bringing profitable growth. Most recently, Fisher was with Charter Communications, serving in the role of […] [Read More]

Editor's note: Includes updated figure from Lithia on total acquired annualized revenues. Lithia Motors & Driveway has expanded its presence in the Southwest with the purchase of Avondale Nissan in Phoenix. The acquisition announced Tuesday would add $75 million in annualized revenue for the retailer. Lithia’s purchases since launching a five-year plan nine months ago […] [Read More]

Consignment-to-retail used-vehicle marketplace CarLotz has opened its first Tennessee hub, marking the ninth opening in the Southeast and its 11th nationwide. The new site adds to CarLotz hubs in Virginia, North Carolina, Florida, Illinois, Texas and Washington state. The Nashville-area hub is located at 1821 Gallatin Pike N. in Madison, Tenn. The Nashville opening comes […] [Read More]

Saying that its diverse board of directors is a competitive advantage, General Motors named technology leader Meg Whitman and National Basketball Association executive Mark Tatum to its board. The board appointment of Whitman, who is former head of Hewlett Packard Enterprise; and Tatum, who is deputy commissioner and chief operating officer of the NBA; are […] [Read More]

Carvana says it is known for its immersive, patented, 360-degree photo technology. Now the company has started a new program in which INDYCAR fans can use technology to vote for Jimmie Johnson’s Indy car paint scheme. Fans will also get the chance to get up close with Chip Ganassi Racing’s No. 48 Honda and virtually […] [Read More]

Through a new collaboration between Black Book and car buying platform Your Auto Advocate,  the platform will provide its members with Black Book data. The collaboration involves integration of Black Book’s valuation and enhanced vehicle matching VIN-Decoding data into Your Auto Advocate. The companies say that with the enhanced data provided, dealers and consumers will […] [Read More]

Continuing benefits such as members’ ability to receive real transactable price offers on actual inventory on the dealer’s lot, TrueCar has extended its current AAA Auto Buying Program, powered by TrueCar. With the extension, more than 41 million AAA members in select areas will have access to the TrueCar powered Auto Buying Program through the […] [Read More]

As part of its efforts to reduce its environmental impact and align with the Paris Agreement’s climate change mitigation goals, CarMax announced its commitment to achieve net zero carbon emissions by 2050. CarMax said it will initially use a strategy with two scopes as defined by the Paris Agreement. The first is to reduce its […] [Read More]

A trio of dealerships changed hands this week with transactions involving Group 1 Automotive, Qvale Auto Group and US Auto Trust. According to a news release from Group 1, the publicly traded company expanded its retail business presence in Massachusetts with the acquisition of two Toyota dealerships.  The dealerships are located in Hyannis and Orleans […] [Read More]

Independent used-car dealership group Off Lease Only has opened a new location in Bradenton, Fla., saying it would serve the Bradenton, Sarasota, and broader Tampa Bay areas and the entire West Coast of Florida. The location, at 3230 14th Street West, offers hundreds of 2017-2021 economy to luxury used cars, trucks, SUVs and vans. New […] [Read More]