In celebration of reaching a record-breaking 11 million vehicles sold, AutoNation announced that it will donate four Chrysler ProMaster passenger vans to community partners who work to fight cancer. “AutoNation is the first and only retailer in the history of the automotive industry to reach this milestone,” the retailer said. On Friday, AutoNation announced it […] [Read More]

The latest development in the Takata airbag story arrived on Thursday and included four automakers, nearly 16 million vehicles and more than $500 million in settlements. According to a news release, plaintiffs in the Takata Airbag Product Liability Litigation filed class action settlement agreements resolving claims against Toyota, Subaru, Mazda and BMW that will accelerate […] [Read More]

In a news release earlier this week, The Presidio Group discussed a few details surrounding the sale of four Serra Automotive, Inc. dealerships to former AutoNation executive Mike Maroone, a deal in which it advised Serra Automotive. As part of the transaction, which was completed Monday, Serra Automotive will keep a minority interest in these […] [Read More]

Search Optics has introduced the Virtual Business Development Center (VBDC), a turnkey solution for comprehensive automotive dealer lead management that is designed to improve response times, increase lead conversion rates and reduce the cost of sale for dealers, the company announced on Tuesday. “As a digital marketing company with many years of specialization in the automotive market, […] [Read More]

AutoNation president and chief operating officer Bill Berman has resigned, the company said in a news release Monday afternoon. The resignation was effective Monday, but Berman will continued to be employed by AutoNation in an advisory role through June 30. AutoNation chairman and chief executive officer Mike Jackson will take on operating responsibilities and the […] [Read More]

Fiat Chrysler said on Friday that the automaker is voluntarily recalling an estimated 1 million trucks in the U.S. and more than 200,000 units in Canada to reprogram computer modules that help control restraint-system deployment in rollover situations. Affected vehicles are certain 2013 through 2016 Ram 1500 and 2500 pickups, and 2014 through 2016 Ram […] [Read More]

Sheehy Auto Stores has launched its 20th annual Sheehy 8000 sales event, a three-week community-wide effort to raise funds for the American Heart Association, the group announced on Friday. Throughout the rest of the month, each of Sheehy Auto's dealerships throughout Washington, D.C.; Richmond, Va.; and Baltimore will host a variety of initiatives in support of the fundraiser before […] [Read More]

Along with increasing its common stock share repurchase authorization, Group 1 Automotive on Friday announced that Stephen Quinn has been elected by its board to serve as non-executive chairman of its board of directors. Group 1 indicated Quinn has served as a director of the company since May 2002, and currently serves on the board […] [Read More]

The National Automobile Dealer Association recently highlighted a new resource for members is now available: “A Dealer Guide to the FTC Used Car Rule.” Members can secure it through NADA University Online. Association officials explained the material provides an overview of the revised Used Car Rule from the Federal Trade Commission, including details about the […] [Read More]

dealerIQ announced that it has released its online trade appraisal platform tradeIQ, which is designed to produce increased user engagement on dealer's websites. The auto dealer software provider said by maximizing user engagement via the newly introduced platform, dealers can expect less abandonment and higher conversion, which leads to more website visitors into the store. "The […] [Read More]