On Monday, Holman Automotive said it has completed its acquisition of Kuni Automotive. As they did when the transaction was first announced back in April, Holman officials said the terms of the deal will not be disclosed. The Kuni Automotive dealerships located in Washington, Oregon, California, Colorado and Kansas that were acquired will now operate as “Kuni […] [Read More]

The largest automotive retailer in the U.S. just got a little bit larger. AutoNation, Inc. announced Thursday that it will add four stores in the Westchester County, N.Y. area. The stores represent approximately $190 million in annual revenue, and will be fully acquired by the company in the third quarter of 2016, after completing the customary […] [Read More]

TCS has expanded its partnership with Carfax to integrate myCARFAX Service Shop tools within its point-of-sale solutions Tire Power and TireWorks. The company said the integration will help tire dealers better identify additional maintenance opportunities, allowing them to sell more services and bring more customers back to their stores. All Tire Power and TireWorks HD […] [Read More]

The 678,169 certified pre-owned sales in the second quarter represents a best-ever sum, says Autodata Corp. Releasing CPO results on Tuesday afternoon, Autodata said there were 223,560 certified sales in June, which beats year-ago figures by 5 percent. The daily sales rate was 8,598, compared to 8,519 in June 2015. This completes the first half of […] [Read More]

Ally Financial and TIME hosted a celebration last week to honor 2016 TIME Dealer of the Year winner Mary Catherine “Kitty” Van Bortel. The TIME Dealer of the Year Award honors franchised new-vehicle dealers for exceptional performance in their dealerships and distinguished community service. Van Bortel was selected from a group of 50 nominees across […] [Read More]

The National Highway Traffic Safety Administrated shared an urgent message on Thursday that applies to dealerships who might have older Honda and Acura vehicles in their inventories or auctions who might be sending these units across the blocks. NHTSA officials said new test data on a particular subset of defective Takata air bag inflators in […] [Read More]

Southern California’s Galpin Motors announced that it will take its annual Galpin 10,000 summer sales event to the next level with a massive community initiative that involves raising funds for Children’s Hospital Los Angeles (CHLA), collecting school supplies for local schools and having its employees complete community service hours. “The Galpin 10,000 has been a fun […] [Read More]

Toyota Motor Sales USA announced late on Tuesday that it is conducting a safety recall of approximately 482,000 vehicles to correct an issue with the curtain shield air bags. The action by Toyota is unrelated to the ongoing Takata airbag recall. Included in the campaign is the Toyota Prius from the 2010 through 2012 model […] [Read More]

As an industry compliance expert tried to explain how complicated it might be to unwind installment contracts and leases, NADA Used Car Guide confirmed that its values are being used to generate the figures associated with the Volkswagen diesel emissions settlement announced on Tuesday. The data denotes how much the OEM will pay owners to buy […] [Read More]

Described as a “painful pill to swallow,” Volkswagen is going to have to spend nearly $15 billion to settle with federal regulators and consumers involving vehicles associated with a diesel emissions controversy. In two related settlements — one with the United States and the state of California and one with the Federal Trade Commission — […] [Read More]