This week, Open Road Capital and Bain Capital Credit announced the formation of a strategic partnership to make long-term equity investments in automobile, heavy truck, recreational vehicle and heavy equipment dealerships and other transportation companies, especially operations that have been in family hands for decades. And these firms already made their first move by making […] [Read More]

One of the largest non-public dealer groups in California resolved some legal matters this week. Trophy Automotive Dealer Group announced that it has reached a settlement with Byron Moldo, the court appointed receiver for the Sage Group of dealerships. According to a news release, various TADG subsidiaries filed complaints in June and October against the receiver […] [Read More]

Auto Remarketing is recognizing its 11th annual CPO Dealer of the Year, and receiving the honors in 2020 is Ford dealer Jerry Mullinax, whose group includes five Mullinax Ford stores in Florida, one in Mobile, Ala., and another in Olympia, Wash. The group also includes a Hyundai store in the Orlando, Fla., area. Mullinax has […] [Read More]

Under a new partnership between connected car platform Dealerware and mobility and logistics provider RedCap Technologies LLC, a single-screen product could help simplify and improve auto retailers’ pickup and delivery and loaner management process through a contact-free contracting experience. The product also offers automation of fuel and toll recovery and real-time visibility into vehicle location. […] [Read More]

Within a month of announcing plans to roll out an app to take advantage of consumers’ growing interest in vehicle subscriptions among other online activities, LMP Automotive Holdings made another significant move to get deeper into the dealership world. On Monday, the e-commerce and facilities-based platform for consumers who desire to buy, sell, subscribe for […] [Read More]

Tex Earnhardt loved children and was passionate about setting them up for success. He was only 20 years old when he started Earnhardt Auto Centers in Chandler, and he went on to lead the business for 60 years. Earnhardt died in April, and Earnhardt Auto Centers, a multi-generational family business with 21 dealerships representing 17 […] [Read More]

Fiat Chrysler Automobiles (FCA) says the annual Women of Color in Science, Technology, Engineering, and Math (STEM) Conference honored four FCA technical business leaders for their career achievements. The winners were honored in the categories of Technology All-Star Award and Technology Rising Star Award. The Technology All-Star Award recognizes professionals demonstrating “excellence in the workplace […] [Read More]

In a key complement to our Women in Remarketing and Women in Auto Finance franchises, Auto Remarketing is proud to celebrate our second annual Women in Retail awards, a program sponsored by CarGurus. With these awards, we specifically recognize leaders on the retail side of the auto industry, including honorees from dealerships, dealer groups and third-party providers/vendors. The honorees for 2020, listed […] [Read More]

Vince Sheehy says that during the current COVID-19 pandemic, staying well through heart-healthy diets and exercise is more important than ever. “Our partnership with the American Heart Association enables them to continue their great work and community support,” said Sheehy, who is president of Sheehy Auto Stores, in a news release. Regarding that partnership, Sheehy […] [Read More]

NADA Show 2021 is going virtual. The National Automobile Dealers Association announced Monday that its annual convention and expo, previously scheduled for January in New Orleans, is moving online and will run Feb. 9-11. “Dealers are both incredibly resilient and incredibly optimistic. Their resiliency has been proven time and again this year. So too has […] [Read More]