With the used electric market poised to grow in coming years, CarMax — where website searches for EVs have more than doubled since January 2022 — is taking steps now to become the leader in that space. The used-car retailer announced a series of initiatives on Wednesday designed to improve the used EV buying and ownership experience, including measures around EV education, battery health assessment and at-home charging, and tax rebates. Those steps include ... [Read More]

Reynolds and Reynolds Company, Volkswagen Group of America and LaFontaine Automotive Group have come together to create something new, combining kiosk technology with Volkswagen mobile service. Reynolds installed a GoMoto kiosk at Volkswagen’s operations facility in Auburn Hills, Mich., and partnered with LaFontaine’s Volkswagen dealership in nearby Dearborn to provide mobile service via a system […] [Read More]

Lithia & Driveway is moving up in the corporate world. The dealership group, which operates some 450 locations in the U.S., Canada and the U.K., announced it ranks 124th on the 2025 Fortune 500 list, up 16 spots from its 2024 ranking. LAD was No. 1 in the list’s Automotive Retail category for the second […] [Read More]

Group 1 Automotive announced a $1.0 billion increase in its revolving syndicated credit facility to $3.5 billion, as well as an extension of its maturity date to May 30, 2030. The dealership group, which operates 263 dealership locations and 39 collision centers in the U.S. and U.K., said the syndicated credit facility can be expanded […] [Read More]

Flexcar has a new home. The month-to-month flexible car lease company has moved into its new headquarters in downtown Boston, a 16,000-square foot space that’s more than 15% larger than its previous office in the city’s Seaport district. The company said the new facility has a capacity of more than 100 employees. “As demand for […] [Read More]

Former dealer Jay Lee has been named director of West Coast operations for the Tim Lamb Group. The dealership sales and acquisitions firm said Lee will oversee its operations and client engagement in Washington, Oregon, California, Arizona and Nevada. Lee has been an owner and dealer principal in his 25-plus-year career, the company said, building […] [Read More]

Zeigler Automotive Group is one of the best and brightest. Again. The dealership group was selected for a Best and Brightest Companies to Work For Award in the Chicago market for the 12th time. The award, presented by the National Association for Business Resources, honors area businesses that establish and maintain stringent standards and exemplary […] [Read More]

They might be some of the younger personnel at their dealerships, but they’ve already shown their ability to thrive in a variety of roles and responsibilities. This year’s Dealers Under 40, presented by CDK, hail from a variety of operations. Some honorees are already store general managers or leading executives for dealer groups. Others specialize […] [Read More]

In today’s automotive retail environment, staying competitive often requires significant capital investments, whether acquiring additional rooftops, investing in new technologies, or upgrading facilities to meet evolving OEM requirements. At Mach10 Automotive, we’re often asked how to best leverage real estate assets when the topic of expansion comes up. To fund expansion without taking on new […] [Read More]

Stellantis’ long search for a new CEO has ended. The automaker has named Antonio Filosa to its top executive position, ending a six-month search to replace former CEO Carlos Tavares, who resigned in early December amid declining sales and profits. Filosa will assume the CEO role effective June 23, when he will announce the company’s […] [Read More]