Lithia & Driveway is moving up in the corporate world. The dealership group, which operates some 450 locations in the U.S., Canada and the U.K., announced it ranks 124th on the 2025 Fortune 500 list, up 16 spots from its 2024 ranking. LAD was No. 1 in the list’s Automotive Retail category for the second […] [Read More]

Group 1 Automotive announced a $1.0 billion increase in its revolving syndicated credit facility to $3.5 billion, as well as an extension of its maturity date to May 30, 2030. The dealership group, which operates 263 dealership locations and 39 collision centers in the U.S. and U.K., said the syndicated credit facility can be expanded […] [Read More]

Flexcar has a new home. The month-to-month flexible car lease company has moved into its new headquarters in downtown Boston, a 16,000-square foot space that’s more than 15% larger than its previous office in the city’s Seaport district. The company said the new facility has a capacity of more than 100 employees. “As demand for […] [Read More]

Former dealer Jay Lee has been named director of West Coast operations for the Tim Lamb Group. The dealership sales and acquisitions firm said Lee will oversee its operations and client engagement in Washington, Oregon, California, Arizona and Nevada. Lee has been an owner and dealer principal in his 25-plus-year career, the company said, building […] [Read More]

Zeigler Automotive Group is one of the best and brightest. Again. The dealership group was selected for a Best and Brightest Companies to Work For Award in the Chicago market for the 12th time. The award, presented by the National Association for Business Resources, honors area businesses that establish and maintain stringent standards and exemplary […] [Read More]

They might be some of the younger personnel at their dealerships, but they’ve already shown their ability to thrive in a variety of roles and responsibilities. This year’s Dealers Under 40, presented by CDK, hail from a variety of operations. Some honorees are already store general managers or leading executives for dealer groups. Others specialize […] [Read More]

In today’s automotive retail environment, staying competitive often requires significant capital investments, whether acquiring additional rooftops, investing in new technologies, or upgrading facilities to meet evolving OEM requirements. At Mach10 Automotive, we’re often asked how to best leverage real estate assets when the topic of expansion comes up. To fund expansion without taking on new […] [Read More]

Stellantis’ long search for a new CEO has ended. The automaker has named Antonio Filosa to its top executive position, ending a six-month search to replace former CEO Carlos Tavares, who resigned in early December amid declining sales and profits. Filosa will assume the CEO role effective June 23, when he will announce the company’s […] [Read More]

Denver is the latest market to get Carvana’s same-day delivery service. The online used-car retailer said car buyers in the Denver area can now take delivery of select vehicles as soon as the same day they’re ordered from Carvana.com, and customers selling their vehicles to Carvana can get same-day drop-off options after completing the online […] [Read More]

One of the highlights of this spring’s Auto Intel Summit was a panel of leaders from the venture capital/investment and automotive buy-sell/M&A advisory communities. Now available through this episode of the Auto Remarketing Podcast, these experts discussed buy-sell activity among dealers/dealer groups and investment in automotive technology from both the VC/investment and dealer communities. The […] [Read More]