The tech-driven changes in auto retail, particularly those around digital retailing, plus a generational torch-passing, are leading many family-owned auto dealerships to consider exiting the car business and selling their stores, says Erin Kerrigan, an expert in valuation, real estate and the buy-sell space of auto dealerships. “The good news is, it’s also the same […] [Read More]

Many news articles have covered what the auto industry has described as a critical shortage of service technicians. In appreciation to those technicians currently making a strong contribution, an Auto Care Association program has honored a new round of recipients with its 2019 World Class Technician award.    In partnership with the National Institute for […] [Read More]

Groupe PSA describes Peugeot as “an iconic, two-centuries-old brand.” With that in mind, the company has named Peugeot as its chosen brand in its move back into the North American market. The company stated that Groupe PSA will market Peugeot on five continents when it introduces the brand in North America. Groupe PSA further describes Peugeot as […] [Read More]

Another cluster of family owned dealerships is departing the industry and selling to a larger group. According a to a news release distributed on Tuesday, Kerrigan Advisors represented and advised Minnesota-based Village Automotive Group in its sale of Lexus of Wayzata, Lexus of Maplewood and Village Chevrolet to Chicago-based Ed Napleton Automotive Group, which operates […] [Read More]

Reedman Toll Auto Group is staking its claim in ride-share vehicle sales and service, a segment still in its infancy but expected to grow and redefine retail automotive, said Daryl Kessler, the group’s vice president. The dealership group’s Langhorne, Pa., campus is home to a new facility and program that caters to ride-share drivers — […] [Read More]

In addition to selling vehicles, Autotrader team members keep busy with community service, including sponsorships, donations, community partnerships and volunteerism. Autotrader and other companies under the umbrella of Cox Enterprises also employ more than 1,700 active veterans, and Autotrader vice president of marketing Greta Crowley notes that the company "continues to make strides in strengthening the […] [Read More]

CarLotz has been in full expansion mode as of late, with the recent opening of its San Antonio location marking a continuation of its 2018 growth pattern that also included new stores in Florida and Illinois. The used-vehicle consignment company now operates eight retail locations and three reconditioning centers in Virginia and North Carolina in […] [Read More]

Holman Automotive likes to talk about its customer lifestyle-focused experience that represents the Holman values.  The company is touting the same theme with the recent opening of its new 145,000-square-foot Audi Fort Washington dealership. Holman says the facility features the all-new Audi Terminal Concept, delivering “a lifestyle-focused experience” that also represents those Holman values. The […] [Read More]

AutoNation will have a new chief executive officer and president on March 11. The retailer announced Friday that current USAA chief operating officer Carl Liebert will replace Mike Jackson in these positions; Jackson will take on the position of executive chairman of the board that same day. The vote by the board to name Liebert […] [Read More]

Karma Automotive has appointed two members to its executive team, including a former president and chief executive officer for Volvo Cars of North America and a former senior director for Faraday Future. John Maloney, who oversaw all U.S. business operations as president and chief executive officer for Volvo Cars of North America, has been appointed chief […] [Read More]