While not quite on the same level as the bold acquisition of the Larry H. Miller Dealerships and Total Care Auto, Asbury Automotive Group is continuing to build its dealership portfolio in the Rocky Mountains. According to a news release from Performance Brokerage Services that helped to broker the transaction, Asbury added to its footprint […] [Read More]

The top leaders of Cherokee Media Group and the National Automobile Dealers Association shared a conversation for this episode of the Auto Remarketing Podcast. In this wide-ranging discussion, Bill Zadeits asks Mike Stanton about how his past positions prepared him to lead NADA, the emergence of electric vehicles and why some parts of the used […] [Read More]

Mighty Distributing System, which provides parts, lubricants and other supplies for service departments, recently added the 14th dealership group to its franchise system. Now operating three Mighty Auto Parts franchises in two states is the Florida-based Step One Automotive Group. According to a news release, the new Mighty businesses are based in Orlando, Fla., Pensacola, […] [Read More]

On Thursday, CarMax gave an initial gift of $100,000 and started a philanthropic partnership with Operation Homefront, a national nonprofit serving America’s military families. According to a news release, CarMax already had quite a connection with the military since more than 1,700 company associates served in the armed forces. “As an organization that has thousands […] [Read More]

Tasca Automotive Group has purchased two Buick GMC dealerships in Florida from the Norris family, according to an announcement from The Presidio Group, which advised the sellers. Tasca owns another Buick GMC store in Melbourne, Fla., in addition to several stores throughout the Northeast and Midwest. The purchase of Buick GMC Palm Harbor and Buick […] [Read More]

The Queen City is already home to two of the nation’s largest auto retailers in Sonic Automotive and Hendrick Automotive Group, each of which is headquartered in Charlotte, N.C. And soon Charlotte will have standalone used-car stores from two of the country's publicly traded dealer groups. AutoNation announced in its quarterly earnings report Thursday that […] [Read More]

Yates Buick GMC, a family owned dealership near Phoenix with its roots in the used-vehicle industry, was impacted in the most significant way possible because of COVID-19. However, the Yates family is preserving to keep its franchised dealership successful. According to a news release, Whitney Yates-Woods recently became the dealer principal at Yates Buick GMC, […] [Read More]

The next chairman of the National Automobile Dealers Association hails from the same state as two of nation’s largest dealer groups — as well as this very publication. Mike Alford, president of Marine Chevrolet Cadillac in Jacksonville, N.C., was elected Tuesday by the NADA board to be the association’s 2022 chairman. Alford is NADA’s current […] [Read More]

Sonic Automotive has added its first Chrysler Dodge Jeep RAM franchise. The retailer said Tuesday it has purchased Bobby Ford Chrysler Dodge Jeep RAM in Sealy, Texas. The dealership, which has been renamed Momentum Chrysler Dodge Jeep RAM of Sealy, is Sonic’s 88th franchised dealer location. “We continue to enhance our automotive sales and service […] [Read More]

The Automotive Anti-Counterfeiting Council (A2C2) — which includes 11 automakers and their brands — is asking eBay to halt the sale of all supplemental restraint system (SRS) airbags and components on eBay.com, calling it the only effective way of preventing the sale of dangerous counterfeit airbags on the site. According to testing conducted by the […] [Read More]