Warren Buffett now is officially a dealer, and according to the famous investor whose net worth tops $70 billion, “the fun has just started.” Buffett’s famed company, Berkshire Hathaway, on Tuesday completed its acquisition of the Van Tuyl Group, the largest privately held dealership group in the United States. The company claimed this historic transaction, […] [Read More]

An auto dealer law firm filed a mass action lawsuit on Tuesday against TrueCar in the Federal Court for the Southern District of New York, a suit the firm says includes 117 dealerships. Bellavia Blatt & Crossett, PC, said in its statement that it is planning to file a second suit, on behalf of TrueCar-affiliated […] [Read More]

CarLingo announced this week it is honoring 14 dealers in Atlanta as 2015 CarLingo Elite Dealerships. The company said the CarLingo Elite Dealer awards revolve about spotlighting “the ‘best of the best’ dealers that provide truly outstanding customer experience.” Explaining how these winners are determined, CarLingo said in its news release that they are chosen “after […] [Read More]

Asian and European brands notched gains in certified pre-owned sales during February, and the respective groups are up year-to-date through two months, as well. According to Autodata Corp., there were 86,530 CPO sales among dealers for Asian OEMs during February, which is up 3.9 percent year-over-year. Through two months, these dealers have sold 174,156 certified units, […] [Read More]

Domestic brands continued to move upward in the certified pre-owned market during February, increasing their CPO sales by more than 17 percent year-over-year, according to Autodata Corp. The firm indicated that the Big 3 sold a combined 76,481 certified vehicles for the month, which beats February 2014 figures by 17.1 percent. Through two months of […] [Read More]

Holman Automotive Group Inc. announced Monday it has named a new chief executive officer, chairman of the board and chief operating officer, among a variety of other new hires, as well. Melinda Holman has been named chairman of the board, and Carl Ortell will assume the role of chief executive officer. And Brian Bates will […] [Read More]

Several companies involved in the automotive industry’s sphere were represented on FORTUNE’s “100 Best Companies to Work For” list for 2015. Amongst the 100 included organizations such as the USAA (33), JM Family Enterprises Inc. (34), Automotive Resources International (36), Credit Acceptance Corporation (37), CarMax (64) and Capital One Financial Corp. (91). The USAA ranked […] [Read More]

Auto Remarketing has learned of new leadership within the pre-owned operations of General Motors. There is a new position — manager of used-vehicle strategy — that is being filled by Douglas Kaczmarski, who led the rental sales team for GM Fleet and Commercial over the past seven years, according to the automaker. In the new role, […] [Read More]

Last month was the best February ever for certified pre-owned sales, and one automaker reported its best month of all time (February or otherwise). Sharing final certified pre-owned sales numbers on Thursday morning, Autodata Corp. provided these statistics and an updated CPO figure.  The firm said there were 197,540 certified sales for the month, which […] [Read More]

It may sound like a broken record that the discussion of automotive technicians has once again surfaced in one of the largest auto group’s quarterly conference calls. But Lithia Motors president and chief executive officer Bryan DeBoer touched on another interesting angle regarding how fuel prices affect the automotive industry — the service side. When […] [Read More]