Group 1 Automotive on Monday announced the acquisition of South Point Kia in Austin, Texas.  The dealership, which will operate as Kia of South Austin, is expected to generate $55 million in estimated annual revenues. "We are delighted to further expand our footprint in the Austin market, which includes Maxwell Ford, Town North Nissan and […] [Read More]

MojoMotors.com took a different approach to gauging vehicles’ reliability — looking at how much mileage could accumulate before a car becomes valueless. Although just because a car has lost all of its residual value doesn’t mean it won’t keep on running, MojoMotors pointed out “less reliable brands will lose value quicker since they have a […] [Read More]

General Motors said it came to an agreement with the National Highway Traffic Safety Administration on Friday for failing to report in a timely manner the ignition switch defect that’s resulted in the non-deployment of airbags in more than 2 million Chevrolet Cobalt and other GM models. As part of this agreement, GM will pay […] [Read More]

General Motors now is well above the 5-million mark for the number of recalled vehicles so far this year. The automaker said Thursday it has informed the National Highway Traffic Safety Administration of five safety recalls covering about 2.7 million vehicles in the United States. The latest recalls involve: — 2,440,524 previous generation passenger cars […] [Read More]

You can’t secure a traditional consumer lease from Tesla. But the company did recently introduce its new Resale Value Guarantee program  that offers a similar deal. The program offers to buy back a Model S between 36 months and 39 months at a guaranteed residual. According to Tesla officials, "When combined with a car loan […] [Read More]

With recalls making headlines in a big way so far this year, officials both in Washington, D.C., and California are pushing for more regulation of automakers and dealers to enhance the process for repairing recalled vehicles and to keep units regulators deem to be unsafe off of the road. Included in the Grow America Act […] [Read More]

Sheehy Auto Stores is getting even more involved in its community, as it announced a 50-day charity initiative to benefit the American Heart Association as well as a new partnership with WLZL-FM (107.9) El Zol — CBS Radio-owned Latin Urban and Pop music station reaching the Baltimore and Washington, D.C. area. Sheehy Auto Stores is […] [Read More]

The certified pre-owned market opened 2014 with the highest first-quarter share of franchised dealers’ used-car sales in five years. That’s according to the latest Used Market Quarterly Report from Edmunds.com, which said CPO vehicles accounted for 19.7 percent of all used sales by franchised dealers in Q1.  The last time the certified market made up […] [Read More]

Two names familiar to used-car managers are staying aligned, as IHS Automotive announced Tuesday the company has renewed its long-standing relationship with NADA Used Car Guide. IHS Automotive, which acquired R. L. Polk & Co. last year, leverages Polk’s comprehensive set of vehicle details including make, model and series data for vehicles registered throughout the […] [Read More]

Between Memorial Day and Labor Day, franchised dealers in North Carolina will donate a portion of their sales from new cars or service to Drive For Troops, a program sponsored by the North Carolina Automobile Dealers Charitable Foundation. Officials said all proceeds from the program will be donated to charities that support North Carolina’s military, […] [Read More]