Penske Automotive Group has expanded its presence in the Austin/Round Rock market in Texas with the grand opening of Honda Leander. The new dealership, located in Leander, Texas, is the retailer’s 14th Honda store overall and is its ninth dealership in the market. The store has more than 46,000 square feet of facilities, located on […] [Read More]

Several dealership groups did more than just retail vehicles to finish up 2021. From Asbury Automotive Group completing one of the biggest acquisitions of the year to Sonic Automotive expanding its used-vehicle enterprise to Key Auto Group broadening its diverse business portfolio, these operations had a busy December. First surfacing at the end of September, […] [Read More]

It’s coming down to the wire in certified pre-owned. For 2021 to match the best-ever year for CPO sales (which happened in 2019), dealers will have to sell more than … [Read More]

While a Maryland Lincoln dealer near the nation’s capital is in construction mode, a store manager with more than 20 years of industry experience purchased his own dealership on the West Coast. Separate news releases detailed Alex Perdikis’ plans for a new Lincoln rooftop in Bethesda, Md., and Vikas Mehandroo fulfilling his goal of becoming […] [Read More]

Carvana is in Maine now. The online auto retailer announced Wednesday that its “soon-as-next-day touchless home delivery” of vehicles is now available in the Portland and Lewiston areas of the state. With the addition of these Maine markets, Carvana delivery is now available in 311 cities throughout the U.S. “We’re on a mission to change […] [Read More]

Penske Automotive Group didn’t have to go far for its latest purchase. The retailer said Tuesday it has acquired Erhard BMW of Bloomfield, which is just over a mile away from and located on the same street as Penske’s Bloomfield Hills, Mich., headquarters. The store is Penske’s 48th BMW store globally and the automaker’s largest […] [Read More]

The National Association of Minority Automobile Dealers and Ally Financial recognized Andrea Park Zadd, who is the president of Cresmont Auto Group in Cleveland, with the “Ally Sees Her” award at NAMAD’s annual conference. The award spotlights women dealership leaders for their commitment to boosting their communities and auto industry diversity. As part of Zadd’s […] [Read More]

This week, NVI Institute Blairsville, NAPA Auto Parts and Universal Technical Institute all announced their latest efforts to help auctions, dealerships and other vehicle repair operations that are all in great need of trained technicians. According to the Bureau of Labor Statistics, demand remains strong for skilled technicians nationally, with the estimation there are approximately […] [Read More]

In addition to a few other dealer group moves this week, Sonic Automotive said Wednesday it has opened an EchoPark delivery center in Baton Rouge, La., the second location in the state for Sonic’s chain of standalone used-car stores. There is also an EchoPark delivery center in New Orleans. Sonic now has 33 EchoPark locations […] [Read More]

Tuesday brought at least a trio of M&A moves among the public auto retailers, as the buy-sell market remains hot in retail automotive. Starting with Asbury Automotive Group, it has completed its purchase of Stevinson Automotive, a deal that includes eight stores and adds annualized revenues of $715 million. The eight Denver dealerships include two Lexus […] [Read More]