One of Lithia & Driveway’s top executives is moving on — and going back to his roots. Executive vice president and chief operating officer Adam Chamberlain, who joined LAD in 2022 and was promoted to COO last summer, will take over as CEO of Mercedes-Benz USA, effective July 1. Mercedes said Chamberlain will also serve […] [Read More]

McGee Toyota’s new home is now open. The McGee Automotive Family this week announced the opening of McGee Toyota of Putnam in Putnam, Conn., the new home of what was previously McGee Toyota of Dudley in nearby Dudley, Mass. The Massachusetts-based dealership group said the move was made “to better serve customers through modernized amenities, […] [Read More]

Auto industry F&I and training provider JM&A Group has introduced a new plan to help dealers attract and keep employees. The Health Captive Program, part of JM&A Group Dealership Insurance Services, is designed to help dealerships provide competitive, cost-effective health benefits that can improve employee retention and recruitment. “It was our dealer partners who were […] [Read More]

CarMax is seeing a lot of momentum in its business. Just ask the company’s president and CEO, Bill Nash. He and others said the word, “momentum,” several times during the company’s fourth quarter fiscal year 2025 earnings release conference call. In fact, he used the word three times in one sentence during the Q&A portion of the earnings call. “We expect that momentum that we’ve been seeing for the last three quarters, we’re coming into the year very strong, and we’ve got some good momentum, and we would expect to continue that momentum ...” Nash said. Earlier in the call, Nash provided examples of that momentum, noting that digital tools and enhancements have ... [Read More]

Cerritos Auto Square in Cerritos, Calif., has debuted a free concierge service for car shoppers. The Southern California retail center, which bills itself as “America’s largest auto mall,” said customers now have access to concierge representatives to help them find the right car, answer questions about financing and trading in vehicles, and negotiate for better […] [Read More]

The National Automobile Dealers Association said it’s supporting controversial joint resolutions by three Republican senators to revoke waivers allowing California’s strict emissions standards, which include a ban on the sale of new gas-powered and hybrid vehicles by 2035. The resolutions, introduced by Sens. Shelley Moore Capito (R-W.V.), Deb Fischer (R-Ind.) and Markwayne Mullin (R-Okla.), seek […] [Read More]

Concerns about the coming auto tariffs sent car shoppers racing to dealerships in March, according to a report by Cloud Theory. The automotive data analytics firm’s quarterly “On the Horizon” report found the consumer fears about the potential impact of the tariffs, implemented April 3, led to an additional 153,000 new vehicle sales last month. […] [Read More]

Are tariffs on every car shopper’s mind? Maybe not, but data from Car Wars indicates “a significant shift” in customer conversations, with more dealership customers talking about the issue in the week before President Trump’s 25% auto tariffs took effect on April 3. The provider of call tracking, texting and phone technology for auto dealerships […] [Read More]

FM Capital, a venture capital firm focused on early-to-mid stage technology companies in automotive and transportation, announced it has completed its largest fund close to date. FM said its Fund IV raised $240 million. The oversubscribed round included new and existing investors including dealers, distributors, OEMs, suppliers, insurers and other industry-related entities. “We’re elated that […] [Read More]

Vic Vaughan Toyota of Boerne is ready to get its new service center off the ground. The dealership in the San Antonio suburb of Boerne, Texas, will break ground on its 28,639-square-foot facility with a ceremony Tuesday. “As our dealership continues to grow, so does our commitment to providing an unparalleled service experience for our […] [Read More]