Auto Lenders, an independent, family owned used-car retailer with nine locations in New Jersey and Pennsylvania, announced plans on Tuesday to open a showroom in Florida. The operation’s newest location in Palm Harbor is scheduled to open Oct. 2. The Tampa-area store, which was formerly a Honda dealership, is expected to have between 300 and […] [Read More]

Fox Motors announced it has acquired Kia of Grand Rapids North from Alabama-based Liechty Auto Group. The purchase gives Fox Motors 18 locations in West Michigan among its total of 45 rooftops in Michigan and Illinois, representing 47 automotive and powersports brands. It’s the fifth dealership added to the company’s portfolio this year, including a […] [Read More]

Off Lease Only, a Florida- and Texas-based used-car retailer whose stores were previously was among the leading used-car dealers in the country, has voluntarily filed for Chapter 11 bankruptcy and is closing its stores amid an auto retail environment it says has been “deteriorated” by scarce supply, price inflation and lack of demand and affordability. […] [Read More]

As demand for electric vehicles slows while inventory rises, the Chicago Automobile Trade Association is bringing back an event to give consumers a chance to experience an EV for themselves. The Chicago area’s new-car dealer association and producer of the Chicago Auto Show announced the return of Chicago Drives Electric, an event that seeks to […] [Read More]

The big just got bigger. A lot bigger. Asbury Automotive Group, one of the America’s largest automotive retail and service companies, announced Friday morning it has signed a definitive agreement to acquire Jim Koons Automotive Companies, the ninth-largest privately-owned dealership group in the U.S. The transaction — for a purchase price of approximately $1.2 billion, […] [Read More]

The auto dealership buy/sell market continues to gain momentum toward a record-breaking year, according to the latest data from Kerrigan Advisors. Kerrigan’s Blue Sky Report for mid-year 2023 showed 211 transactions representing 357 franchises were completed in the first half of the year. That’s up 26% from 2022, a faster pace than the typical full-year […] [Read More]

Brooklyn N.Y., dealer group Plaza Auto Mall surpassed a milestone last week during its annual Backpack Giveaway and Fun Bash. During the event, held Aug. 31 at the dealership’s location on Nostrand Ave., the Plaza Auto Mall team distributed more than 650 backpacks filled with essential school supplies to support local families in need. That […] [Read More]

Asbury Automotive Group, one of the nation’s largest automotive retail and service companies, is among the automotive entities named by Newsweek as one of America’s Greatest Workplaces 2023. “This award not only acknowledges our efforts in fostering a positive and enriching work environment but also highlights the commitment and dedication of every member of our […] [Read More]

Carvana’s campaign to codify digital auto sales and other automotive transactions into state law has recorded another win. The online used car retailer announced Oregon Gov. Tina Kotek has signed legislation that directs the Oregon Department of Transportation to adopt rules permitting vehicle dealers and financial institutions to electronically transmit documents related to vehicle ownership, […] [Read More]

Former Porsche Cars North America president and CEO Kjell Gruner has joined electric vehicle manufacturer Rivian Automotive as chief commercial officer and president of business growth, Rivian announced Friday. Gruner reports directly to Rivian founder and CEO RJ Scaringe and oversees the company’s commercial functions, including sales, marketing, customer care, delivery, service and fleet. Before […] [Read More]