Florida-based Ed Morse Automotive Group has spread its reach to Texas and acquired dealerships in Dallas from Roundtree Automotive Group. These new dealerships are: Freedom Chevrolet by Ed Morse, located at 8008 Marvin D Love Freeway Freedom Buick GMC by Ed Morse, located at 3837 W. Wheatland Road Freedom Chrysler Dodge Jeep Ram by Ed Morse, […] [Read More]

More in-market shoppers are using a digital retailing platform for connecting with participating dealers to help facilitate the car-buying transaction. AutoMotion, the automotive retail mobile app technology company that created the platform, announced Wednesday it added its 3,500th approved dealership. AutoMotion says its digital retailing platform offers car buyers a simple way to buy, lease, […] [Read More]

The Dave Cantin Group (DCG) sought to become the fastest-growing and largest automotive mergers and acquisitions firm in the United States during 2018. And DCG believes it delivered on that vision based on the results the company reported this week. DCG completed 2018 with 39 acquisition listings valued at more than $1.5 billion. The listings […] [Read More]

Sheehy Auto Stores has announced donations of $135,000 among 19 charities throughout the communities they serve in Washington, D.C., Baltimore and Richmond, Va.  The donations are part of Sheehy’s Annual Giving Program whereby each dealership partners with local non-profit organizations.   “Sheehy Auto Stores is pleased to continue our annual end of the year giving campaign that supports […] [Read More]

[Updated to correct timing of shift mentioned in first paragraph from Tuesday to Monday.] AutoNation chief operating officer Lance Iserman and chief technology officer Tom Conophy will be leaving the company effective Monday as part of an operational structure reorganization announced by the retailer, a restructuring that involves several executives departing the company and a change […] [Read More]

The year 2018 ends more enthusiastically than predicted a year ago, with year-end SAAR echoing the 17 million units in 2017 — but industry economists say rising interest rates, increasingly higher new- and used-car transaction prices, tightening credit, and consumer loan defaults and delinquencies portend a rockier 2019. Tom Kontos, senior vice president and chief […] [Read More]

With apologies to Shakespeare, the road to retail automotive — like the road to true love — has never run smoothly, nor is it expected to anytime soon. That’s why key players in the auto industry are lining up to help straighten curves and fill in  potholes, so dealers can operate more efficiently and profitably, […] [Read More]

A New York City-based online dealership now can help its customers with dings, dents and other unsightly ramifications from crashes and mishaps. Signature Auto Group this week announced it will now be administering full services through its body shop partner, Auto Group Collision. Through the new arrangement, Auto Group Collision will now be able to […] [Read More]

CarMax’s used-vehicle unit sales in its fiscal third quarter were down 1.2 percent against comparable stores in the year-ago period. But pre-tax earnings and earnings per share for the retailer were up, something president chief executive Bill Nash called a “testament to the strength of our diversified business model,” in a news release recapping CarMax’s […] [Read More]

Before the holidays arrived and political strife caused another federal government shutdown, Kerrigan Advisors released its third quarter report that highlighted dealership buy/sell transactions increased 20 percent year-over-year. The Blue Sky Report generated by the firm also pointed out that 2018 will be the fifth consecutive year of more than 200 buy/sells transactions and among […] [Read More]