CarGurus’ current marketing campaign is back for round 2. The digital car-shopping platform has released the second episode of “The Big Deal Show”, a three-part video series featuring entertainment and sports celebrities sharing their “big deal” moments — many of them behind the wheel of a vehicle. The new edition stars actor Josh Duhamel and actress/social media […] [Read More]

AutoCanada’s transition out of the U.S. market has officially begun. The Edmonton-based dealership group announced the closing of its sale of Crystal Lake Chrysler Dodge Jeep Ram in Crystal Lake, Ill., to an undisclosed buyer. AutoCanada said it received approximately $9.9 million (Canadian) in cash — $3.5 million for goodwill and fixed assets and $6.4 […] [Read More]

The Tim Lamb Group is in growth mode, too. The dealership sales and acquisitions firm on Tuesday announced the addition of Mike McMeeken as director of the South Central Region. Based in Houston, the firm said McMeeken will begin his role on Aug. 1. Tim Lamb highlighted McMeeken brings extensive experience and a strong reputation […] [Read More]

eBay is out to make buying and selling cars on its marketplace as easy as possible. To that end, it has launched Secure Purchase, a system designed to simplify vehicle transactions by managing payment, financing, registration, ownership transfer and transport in one experience. “Online automotive shopping offers unmatched selection and value, but it can be […] [Read More]

Jack Hollis, a former top executive with Toyota North America, has joined Accrual Equity Partners as managing partner. AEP, a private equity firm focused on the automotive services and retail sector, said Hollis will focus on expanding the firm’s presence and its investment, acquisition and partnership opportunities throughout the sector, including dealerships, automotive services and […] [Read More]

For a day, at least, the dealership buy-sell market is headed in one direction: North. Performance Brokerage Services announced it has advised on the sale of dealerships in Montana and Canada as the week begins. Minnesota-based Marthaler Automotive has acquired Honda of Helena in Helena, Mont. from Jim Parker. Marthaler Automotive founder and president Aaron […] [Read More]

For years, the service lane has been relegated to the back of the dealership. The sales department was often regarded as the glamorous department, characterized by quick deals, high commissions, and flashy, low-mileage vehicles. But given the economic climate of tariffs on new cars, supply chain disruptions over the years [Read More]

The biggest blockbuster deal in auto retail this year is now official. Asbury Automotive Group announced it has completed the acquisition of The Herb Chambers Companies, one of the nation’s largest privately-owned dealership groups. “Herb redefined the car-buying experience in New England, making Herb Chambers a household name, synonymous with reliability and service,” Asbury president […] [Read More]

Electric vehicles are losing some of their retail juice, at least based on the newest study from iSeeCars. Analysts from iSeeCars reported five of the top 10 used cars with the largest price drops in June were EVs. And Teslas have sustained the biggest drops in retail pricing among 1- to 5-year-old used cars. Used […] [Read More]

Rivian’s commitment to Georgia is bigger than the factory it’s preparing to build there. The electric vehicle manufacturer, along with Georgia Governor Brian Kemp and Atlanta Mayor Andre Dickens, announced its plan to open an East Coast headquarters in Atlanta. “We are excited to establish our East Coast head office in Atlanta,” Rivian founder and […] [Read More]