Asbury Automotive Group’s deal to purchase Park Place Dealerships is back on, with revised terms from the previously announced agreement in December, the retailer announced Monday. More details and an update on that transaction can be found below. In other dealer group M&A news, Lithia Motors said Tuesday it has acquired Smolich Chrysler Jeep Dodge […] [Read More]

The used-car market continues to be a bright spot for franchised dealers, particularly for two public dealer groups sharing operational updates this week. Lithia Motors said Tuesday it generated around a 23% year-over-year spike in same-store used-vehicle unit sales during June, which was a record month in pre-owned for the retailer. Same-store new-vehicle sales were […] [Read More]

While no financial endeavor is invincible, it turns out the brand and business acumen of actor/producer Mark Wahlberg might be the perfect storm for success in the auto industry. It was announced Monday that Wahlberg and his business partner, car dealer Jay Feldman, have purchased a Buick-GMC store and an RV/Airstream store in Columbus, Ohio that are across […] [Read More]

For the past 40 years, the Jerry Seiner Dealerships have operated in Utah. This week, the dealer group made its entrance into Arizona. According to a news release distributed on Tuesday, the Jerry Seiner organization has purchased Henry Brown Chevrolet and Henry Brown Chrysler Dodge Jeep Ram in Casa Grande, Ariz. The group said these […] [Read More]

The industry took another step toward ensuring the ongoing Takata airbag recall campaign is successful. This week, the Alliance for Automotive Innovation announced support for a new automaker-driven tool enabling anyone who handles aftermarket parts, businesses and associations to help identify recalled Takata airbags and work with dealers and others to identify and safely dispose […] [Read More]

While still much softer than year-ago levels, June’s used-car sales are expected to climb 16% month-over-month, according to the latest forecast from TrueCar subsidiary ALG. And conditions could improve further in pre-owned, with additional supply on the horizon, financing deals and attractive prices. Plus, the initially heavier impact on used from COVID-19 compared to new […] [Read More]

Market Scan is feeling quite patriotic with the Fourth of July arriving in just a few days. The partnership between JD Motorsports with Gary Keller and Market Scan for Mike Wallace’s No. 0 Chevrolet at Indianapolis Motor Speedway (IMS) on July 4 has an American patriotic purpose. The automotive solutions and data provider based in […] [Read More]

Editor's Note: This is story is part of our upcoming Leading Dealer Groups print edition of Auto Remarketing. This early look at that content is being offered to CMG Premium subscribers. The Leading Dealers Groups print edition of AR will be released in July.  Like many dealers across the U.S., Dawn Walston and the team at […] [Read More]

As part of an industry-wide effort to help alleviate the effects of the COVID-19 pandemic, Honda and General Motors announced on Monday that they are producing nearly 12,000 gallons of hand sanitizer through their Fuel Cell System Manufacturing (FCSM) partnership. According to a news release, the hand sanitizer will be used by both companies at their […] [Read More]

Editor's Note: This is story is part of our upcoming Leading Dealer Groups print edition of Auto Remarketing. This early look at that content is being offered to CMG Premium subscribers. The Leading Dealers Groups print edition of AR will be released in July.  Like many companies in the retail auto space, CarLotz had a strong […] [Read More]