Zeigler Auto Group’s collection of dealerships in the Midwest continues to grow. The group upped its total to 41 by acquiring Subaru stores in Lafayette, Ind., and Fort Wayne, Ind. from Rohrman Automotive Group. The dealerships, formerly known as Bob Rohrman Subaru and Bob Rohrman Subaru of Fort Wayne, have been renamed Zeigler Subaru of […] [Read More]

The Low Payment Kings, powered by Mahalak Auto Group, has partnered with ESA to invest in new rooftop and ground-mounted solar panel arrays to be installed at three of the group’s Florida dealerships – Dodge Chrysler Jeep RAM of Winter Haven, Posner Park Chrysler Dodge Jeep RAM FIAT and Lake Wales Chrysler Dodge Jeep RAM. […] [Read More]

Vroom CEO Tom Shortt noted during the company’s second quarter 2023 earnings call on Aug. 9 that its e-commerce units grew approximately 5% sequentially. “This quarter is the first quarter with sequential growth since we realigned the business and introduced our long-term roadmap in the second quarter of 2022,” Shortt said. That long-term roadmap remains unchanged, and it includes three key objectives and four focused strategic initiatives. The objectives are ... [Read More]

Penske Automotive Group, which operates almost 500 auto and truck dealerships in six countries, had added two more to its collection. Penske announced it has acquired BMW of Wilmington and Porsche Wilmington in Wilmington, N.C., from Baker Motor Company. Both dealerships have earned their respective brands’ highest honor:  BMW of Wilmington was named a BMW […] [Read More]

New-vehicle sales were up in the first half of 2023, fueled in part by the continued rise of electric vehicles, according to the latest research from Urban Science. The 2023 midyear Automotive Franchise Activity Report found sales rose by 13% over the same period in 2022, primarily driven by non-retail sales and EV adoption. Based […] [Read More]

Feldman Automotive Group, which owns and operates 18 auto and RV dealerships in Michigan and Ohio, is again partnering with Mark Wahlberg and Corewell Health Foundation-Southeast Michigan to host the Feldman Automotive Children’s Miracle Celebrity Invitational golf tournament. All proceeds from the Aug. 28 event, featuring appearances by more than 50 national and local celebrities, […] [Read More]

Carvana has launched a tool that allows consumers to quickly obtain a valuation on their vehicle and track that car’s value as market conditions change, the online retailer said Tuesday. Carvana Value Tracker uses the company’s proprietary technology and competitive market data to provide the consumer with up-to-date information on what their vehicle is worth, […] [Read More]

AutoNation is getting creative in a way that could potentially solve several issues for the dealer group and its customers. The company’s AutoNation Mobility division is booking what’s dubbed “Micro-Leases,” putting customers into new cars connected to leases lasting six to 12 months. According to the program website, these “Micro-Leases” currently are available only at […] [Read More]

Electric vehicle manufacturer Faraday Future has appointed former CarLotz CEO Lev Peker as a member of its board of directors and chairman of the board’s audit committee, by unanimous vote of the board. Peker is currently CEO of PartsiD, a digital commerce platform for the automotive aftermarket. He previously served as chief executive at CarLotz, […] [Read More]

To conclude our series of Auto Remarketing Podcasts from the NIADA Convention, we talk with Geoff Shepard, who is the independent dealer sales manager at Work Truck Solutions. Shepard and Cherokee Media Group senior editor Joe Overby discuss Work Truck Solutions’ partnership with independent dealers, the state of the work truck/commercial vehicle segment and much […] [Read More]