Stephane Ferri has joined the Presidio Group as principal. For The Presidio Group, a merchant bank and investment banking adviser in the retail automotive sector, Ferri will focus on technology, M&A and principal investing activities and will be located in Presidio’s Atlanta office. Ferri previously served as senior vice president for Flexdrive LLC, which recently sold […] [Read More]

Saying it is continuing to support U.S. and Canadian dealers as the COVID-19 situation impacts automotive retail, CarGurus will extend its existing 50% discount on all marketplace subscriptions for U.S. and Canadian dealers through May. CarGurus said the move was a continuation of the rate reduction that it announced on March 18, adding that it made […] [Read More]

Sure, consumers are not going to dealership showrooms very much, if at all, right now. But it doesn’t mean they’ve stopped shopping or looking at vehicle inventory. Far from it. According to data from Cars.com, “tens of millions” of shoppers are still involved in the car-buying process — they’re just doing it online and looking […] [Read More]

Special incentives such as zero percent financing for 84 months and no payments for 90 days on select FCA 2019 and 2020 models are just one part of FCA’s new “Drive Forward” initiative. The initiative also features what the automaker is calling a “new online retail experience,” which allows consumers to purchase vehicles from home via […] [Read More]

The coronavirus pandemic has made it difficult to impossible for dealers to perform certain contractual obligations. Especially where shelter-in-place orders are in effect and auto dealer sales operations are considered to be non-essential businesses, a dealer forced to close its sales business may be unable to make payments due on floorplan loans or meet franchise […] [Read More]

With the spread of COVID-19, General Motors says it has sought to use its talents and resources to help in the shared fight against the pandemic. The pandemic created a shortage of face masks, and GM on March 20 launched what it described as a “rapid-response project” to produce masks at scale to help protect workers […] [Read More]

Dealer groups continue to keep busy with activities and announcements during the COVID-19 pandemic. Purdy Mobility, which owns and operates Bryan College Station Toyota, Huntsville Toyota and South Toyota in Texas, said on Monday it would not terminate or lay off any of its associates as a result of the pandemic. Bob Moore Auto Group […] [Read More]

A new National Automobile Dealers Association initiative to help local dealerships navigate business and regulations in the coronavirus environment will provide information about coronavirus developments affecting dealership operations. The initiative, called the Dealership Lifeline Series, provides guidance on how dealers can manage their operations in the wake of those developments. The series is a collection […] [Read More]

Through a post on its website that began with, “It is with heavy hearts,” the Ken Garff Automotive Group announced chairman Robert Garff has passed away due to complications from COVID-19. “After driving back from a visit to Palm Springs, Robert and his wife, Katharine, were tested and confirmed positive for COVID-19, at which time […] [Read More]

Carvana is enhancing its 100% online shopping experience during the current uncertain times. For customers wanting to buy or trade a vehicle, the company is now offering touchless delivery and pickup. With touchless delivery, customers can acquire a vehicle without coming into contact with the customer advocate delivering the vehicle to their home. Carvana also said […] [Read More]