A little more than a month after naming a new CEO, Shift Technologies said Tuesday it is restructuring and reducing its workforce. Shift will also discontinue investment into its dealer marketplace so that it can focus on its core business. The restructuring will reduce Shift’s headcount by roughly 34%, which the company estimates 60% of […] [Read More]

F&I and dealer training provider JM&A Group has created a free career advancement program for women in retail automotive that it says is the first of its kind. The program, geared toward increasing representation and opportunity in the automotive industry, aims to elevate talent and expand opportunities for minority groups by offering free, immersive training […] [Read More]

The latest surveys show American consumers are poised to buy electric vehicles in record numbers as manufacturers race to introduce new electric models into the market. But that’s not the whole picture, according to research from Cox Automotive. While Ernst & Young’s EY Mobility Consumer Index reported that almost half (48%) of U.S. potential car […] [Read More]

Gordon Tormohlen of Tormohlen’s Good People Automotive in Freeport, Ill., was elected as the 74th president of the National Independent Automobile Dealers Association during the recent NIADA Convention and Expo at the Wynn Las Vegas. Tormohlen was elected unanimously, along with a slate of nominees for the remaining positions on the board of directors, at […] [Read More]

Rita Case, president and CEO of Rick Case Automotive Group, was among those honored at the 16th annual Women In Distress Starfish Luncheon in Fort Lauderdale, Fla. The event, focused on the power of generational philanthropy and volunteer work in securing a safe future for the community, raised more than $260,000 for victims of domestic […] [Read More]

Before he heard his name announced, Dan Johnson knew. As emcee Michael York began to read the bio of the 2023 National Quality Dealer Award winner, it didn’t take long for Johnson, the owner and general manager of LiteHouse Auto, in Lakewood, N.Y., to realize that winner was him. “It’s all a little bit of a blur,” he said. “That first or second sentence ... [Read More]

Michigan-based Victory Automotive Group has acquired C&C Toyota and C&C Chrysler Dodge Jeep Ram in Marietta, Ohio, broker Blair Sharpe of the Tim Lamb Group announced. The dealerships are now known as Victory Toyota Marietta and Victory Chrysler Dodge Jeep Ram Marietta. The dealerships include 12,480 square feet of office/showroom space plus a collision center […] [Read More]

Craig Zinn, president and CEO of Craig Zinn Automotive Group, has initiated an animal-assisted therapy endowment at Joe DiMaggio Children’s Hospital. CZAG will fund the initial needs of the program while building the endowment of $500,000 to provide income from interest and fund the program in perpetuity. The company said after seeing how valuable and […] [Read More]

The Honda Civic grabbed the top spot on Carvana’s mid-year list of its 10 best-selling vehicles. The online retailer’s most popular cars included six sedans, which it said signals affordability and accessibility are critically important to customers in the used vehicle market. No. 2 on the list was the Chevrolet Equinox, followed by the Nissan […] [Read More]

CarMax struggled with a difficult macroenvironment in the first quarter of fiscal year 2024 but president and CEO Bill Nash put a positive spin on the market conditions. “What we are seeing now is depreciation, which you would normally see,” he said during the earnings call.  “While it can be a bit of a headwind for the wholesale business, I think overall it is good for the industry because ... [Read More]