Describing the store as an example of Lithia’s strategy of acquiring “a strong brand with considerable earnings potential,” Lithia Motors has added Hazleton Honda in Hazleton, Pa., to its network. Lithia anticipates that the dealership will generate annual revenue of about $50 million. With the acquisition, Lithia extends its store network into eastern Pennsylvania. The […] [Read More]

A new partnership between Carfax and conversational commerce company Gubagoo provides another avenue for car shoppers to research a vehicle before purchasing, according to the companies. A free Carfax Vehicle History Report is now accessible to consumers using Gubagoo’s chat and digital retailing services on dealer websites. Gubagoo’s conversational commerce platform for auto dealerships and […] [Read More]

Labor Day weekend marks the end of the summer sales season. With hard-to-pass up offers being promoted, shoppers will be hitting their local dealerships to take advantage of the deals. Annual holiday weekends like Labor Day bring in an increase in sales for dealerships, which also means an increase in the amount of customer information […] [Read More]

Younger consumers are paying more for vehicle repairs than their older counterparts, according to a survey orchestrated by Ally Financial, which also reinforced the value of vehicle service contracts. A recent Ally survey conducted online by The Harris Poll among 2,012 U.S. adults determined that, on average, Americans spent $1,986 on vehicle repairs and maintenance […] [Read More]

If you’ve streamed music and movies or purchased shoes, food or other goods on an app, you’re likely familiar with personalized, tailored recommendations. While those are often based on viewing, browsing or purchasing behavior, a new recommendations tool in the wholesale auto industry appears to take that a step further. ADESA said Tuesday it has […] [Read More]

Fair has landed a $100 million debt facility and an equity investment from Ally Financial as part of an expansion to a partnership that began last year. Ally Bank is providing the debt facility to a subsidiary of Fair. That money is meant to be used by the fintech startup to obtain vehicles for entry-level […] [Read More]

Mitsubishi Motors North America president and chief executive officer Fred Diaz has said that the move of its headquarters from Cypress, Calif., to Franklin, Tenn., is an important part of its plan “to reinvent every aspect of Mitsubishi Motors in the U.S.” But to make that work,  the company is looking for the best employees, […] [Read More]

David Smith and members of Sonic Automotive’s leadership team were excited to share the company’s earnings results during the company’s second-quarter 2019 earnings call in July. “We want to thank our teammates, customers, vendors and manufacturer partners for helping us achieve a record second quarter,” said Smith, who is Sonic Automotive’s chief executive officer. But […] [Read More]

With its new program offering flat-rate pricing for automatic post-sale inspections, Manheim says that dealers can automatically receive inspections for all wholesale vehicle acquisitions at a “predictable, consistent rate.” The company said the new program can help increase dealer confidence in purchasing decisions within the wholesale used-vehicle marketplace. Through the program, Manheim said, dealers can […] [Read More]

Vehicle take rates of automated driving features are steadily rising as consumers purchase new vehicles, with the secondary market recognizing the added value placed on these attributes reflected in resale pricing. While we are still in the early days of understanding how quickly the industry will move through the NHTSA’s Automated Driving System (ADS) taxonomy, […] [Read More]