Holman, one of the largest integrated automotive service companies in North America, has signed on as an official partner of the National Hockey League’s Philadelphia Flyers. The deal makes Holman the presenting sponsor for two of the team’s major community initiatives — Flyers Learn to Play and Next Shift: Mentoring the Next Generation of Female […] [Read More]

Group 1 Automotive had a record-breaking third quarter, and according to company officials, technology is playing a big role in that success. The dealer group, which operates 201 dealerships and 41 collision centers in the U.S, and U.K., reported $4.7 billion in revenues and total gross profit of $786.2 million – both company records – during its quarterly earnings call this week, as well as $169.8 million in adjusted net income. Group 1 also set all-time highs for ... [Read More]

McGovern Automotive Group announced it has added to its holdings in New York with the acquisition of Genesis of Queensbury. The Massachusetts-based dealer group will relocate the dealership to Albany, some 50 miles south, joining its Jaguar Land Rover and Volvo stores at the Albany Luxury Car Campus. In a news release, McGovern said much […] [Read More]

There are 20 groups for all manner of car dealers – franchises, independents, buy-here pay-here, big dealers, small dealers, fixed ops and more. Now there’s a 20 group for vendors. Vendor 20 Group (V20), which launched with its inaugural meeting Oct. 16 in Las Vegas, bills itself as the auto industry’s first 20 group “dedicated […] [Read More]

Gettel Automotive has expanded its Florida holdings by acquiring Stadium Toyota in Tampa from the Parks and Couey families. Kerrigan Advisors, which represented the sellers in the transaction, announced the sale in a news release. The dealership is ranked among the nation’s top 10% of Toyota dealerships and has earned numerous awards for its sales […] [Read More]

Asbury Automotive Group struggled against “challenges” in its used-car operations during the third quarter of 2023, company officials said. In its quarterly earnings call this week, Asbury – one of the nation’s largest dealer groups with 138 dealerships, a service contract provider and 32 collision repair centers – announced a 17% year-over-year drop in net income to $169 million and a 5% decrease in revenues, to $3.7 billion. That said, there is help on the way, thanks to ... [Read More]

Rental car giant Hertz has named Justin Keppy as its new executive vice president and chief operating officer. Keppy, who will assume the role effective Nov. 15, will be responsible for running the day-to-day operations of the company’s global business. Keppy joins Hertz from Carrier Corp., serving most recently as president of North America residential […] [Read More]

Asbury Automotive Group, one of the nation’s largest automotive retail and service companies, has been named by U.S. News & World Report as one of its Best Companies to Work For in the retail sector. Asbury was one of 349 companies recognized across 20 fields of work based on factors contributing to job seekers’ decision-making […] [Read More]

Dealership inventory shortages during the beginning and peak of the COVID-19 pandemic resulted in a shift to “transactional” buying, said Samantha Splane of Sterling Automotive Group. “You had the vehicle and you sold it, most times at a premium price,” said Splane, who is marketing and customer experience director for Sterling. Now, she said, “we’re […] [Read More]

Now that completed oil change can come with 90s on 9 or audio broadcasts of the NBA. On Wednesday, SiriusXM and Hyundai Motor America announced an extension of SiriusXM’s Service Lane program that enables Hyundai’s dealership service centers to reward eligible customers with a complimentary three-month SiriusXM subscription during their service visit. According to a […] [Read More]