Hendrick Automotive Group is returning to South Carolina’s capital. The Charlotte, N.C.-based dealer group, which is the largest privately held auto retailer in the U.S., said Thursday it will be acquiring Love Automotive. Hendrick said the acquisition is expected to happen in June and close by July. The purchase of the Columbia, S.C.-based group would […] [Read More]

Jerry Seiner Auto Group has expanded to California and added its first Honda store. The dealer group has purchased Ocean Honda of San Juan Capistrano in Orange County, Calif., from Victory Automotive Group, according to a news release from Pinnacle Mergers & Acquisitions, which represented the seller. Victory Automotive CEO Jeffrey Cappo said in the […] [Read More]

Could the environment get any crazier for the used-car supply line? First of all, dealers are facing an multimillion supply shortfall over the next three years, along with a 50% reduction in lease returns. That’s because leasing took a big hit way back in 2021. Now, there’s uncertainty for the supply of new cars, which […] [Read More]

AutoNation said Monday it has hired former Nissan executive Jeremy Tucker as its new chief marketing officer, replacing Rich Lennox, who left the retailer after two years. Tucker was most recently executive vice president, global chief marketing officer and chief franchise officer at Spin Master. During his time at Nissan Motor Co., he was head […] [Read More]

The people have spoken. And what they’ve said to Kelley Blue Book is, “We love Honda.” Honda dominated KBB’s 2025 Consumer Choice Awards, nearly sweeping the non-luxury categories with five wins, including Best Overall Brand. The Japanese automaker was also named the Most Trusted Brand, the Best Value Brand, the Best In-Vehicle Experience Brand and even […] [Read More]

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]