Atlanta Classic Cars has sold its Mercedes-Benz and Commercial Truck dealerships in Duluth, Ga., to Krause Auto Group, which owns 15 U.S. retail automotive franchises, including nine automotive franchises in the greater Atlanta area. The transaction was completed on Monday. Terms were not disclosed. The Presidio Group LLC, an investment bank that works in retail automotive […] [Read More]

Carvana has seen strong growth in vehicle sales. But the company has also been buying a lot of vehicles from its customers. On the topic of selling, Carvana showed solid fourth quarter sales and revenue growth and strong 2019 overall revenue, as well. The company completed its sixth consecutive year of triple-digit revenue growth. In […] [Read More]

Extending its operations within Northeast Wisconsin, Broadway Automotive has purchased the Pietroske Chevrolet, Buick, GMC and Cadillac dealership in the city of Manitowoc. The dealership purchase agreement includes the Pietroske Chevrolet, Buick, GMC and Cadillac dealership and property in Manitowoc. Broadway currently operates a Chevrolet dealership in Green Bay, and the Buick, GMC and Cadillac […] [Read More]

To support its customers affected by the uncertain financial environment created by the coronavirus pandemic, Hyundai Motor America is reinstating its Assurance Job Loss Protection program. Hyundai will make up to six months of payments for new owners who lose their jobs and have purchased or leased their vehicle between March 14 to April 30, […] [Read More]

For all U.S. military members and government employees renting vehicles for personal needs, Enterprise Holdings is reducing its minimum age to rent a vehicle from 21 to 18 years old. Enterprise said that with the move, military and government employees will experience easier access to rental vehicles as they might need transportation during a time […] [Read More]

Another educational institution is responding to the need for automotive technicians. On Friday, Florida Career College (FCC) with 10 campuses throughout the Sunshine State launched an automotive technician program at its Hialeah campus. The school highlighted the implementation of this automotive technician program allows students to receive hands-on training and skills to prepare them for […] [Read More]

As the coronavirus crisis continues, the J.D. Power 2020 Customer Service Index Study released Thursday marks the fifth consecutive year of increasing satisfaction with dealer service. However, Chris Sutton says it is unknown how widespread or long-lasting the ripple effect of the coronavirus will be for the automotive industry. “It inevitably will have a financial […] [Read More]

NextGear Capital has announced two executive leadership promotions that it says will enhance support for independent dealers. Lisa Mackie is now vice president of portfolio management, and Thad Sykes is now associate vice president of sales for NextGear Capital, which is a floor plan provider for independent dealers. Mackie, now with 25 years of leadership […] [Read More]

Black Book has integrated its vehicle valuation data with TradeVelocity, and the companies are describing the integration as an “online trade widget for lead capture combining with a closing tool on the showroom floor.” TradeVelocity describes itself as a “trade widget” that allows consumers to see how time affects the value of their trade. The […] [Read More]

Marc Cannon says AutoNation is grateful to NTT INDYCAR SERIES drivers Alexander Rossi, Jack Harvey, and Ryan Hunter-Reay, along with their teams. “They may be fierce competitors on track, but they’re on the same team when it comes to helping drive out cancer,” said Cannon, who is AutoNation executive vice president and chief marketing officer, […] [Read More]