One of the most active sellers in last year’s dealership M&A market is back at it in 2026. Asbury Automotive Group has parted with its six Plaza Motors dealerships and a collision center in the St. Louis market, a deal announced by the Presidio Group, which represented Asbury. The sale to MileOne Autogroup included Plaza […] [Read More]

Artificial intelligence and conversational intelligence software provider Marchex has partnered with dealership vehicle lifecycle management software platform Solera for an integration designed to maximize dealership efficiency and revenue potential by reducing or eliminating manual data handling with Solera when using Marchex. “Auto dealers rely on speed, accuracy and data-driven insights to maximize every customer interaction,” Marchex […] [Read More]

Allegedly not handling vehicles correctly with members of the military on active duty landed CarMax in trouble with the Justice Department to the tune of nearly $500,000. On Monday, Justice Department officials announced that they have reached a settlement with CarMax to resolve allegations that the retailer and its finance company violated the Servicemembers Civil […] [Read More]

At least one expert sees private equity in position for “a breakout 2026.” That’s one of the findings shared on Wednesday by Cherry Bekaert, which published its fifth annual year-end Private Equity (PE) Industry Report, detailing the market forces and strategic shifts that propelled private equity’s 2025 M&A deal value to more than $1.2 trillion. […] [Read More]

Upstart Holdings announced last week that it landed a forward-flow commitment from funds managed by Wafra, a New York-based global alternative investment manager focused on strategic partnerships, real estate and real assets. According to a news release, Wafra has agreed to purchase up to $200 million of assets originated through the Upstart auto finance platform. […] [Read More]

StoneEagle data showed dealerships had a lot to be thankful for, especially in November, when it came to the performance of their F&I departments during the fourth quarter. The newest StoneEagleDATA F&I Benchmark Report indicated that in the fourth quarter, F&I offices posted the highest quarterly average F&I profit per vehicle retailed (PVR) of 2025 […] [Read More]

The end of the federal tax credit was no doubt a roadblock to the new electric vehicle market, and to some extent, the used EV segment, as well. But demand for used electric vehicles remains healthy, prices have eased and supply is plentiful. And that could mean opportunities for dealers, according to the Used Electric […] [Read More]

Rick Case Automotive Group was No. 1 in 2025. Twice. The South Florida-based dealership group was recognized as the owner of the world’s top sales volume location for both the Honda and Volkswagen brands, the company said in a news release. Rick Case Honda in Davie, Fla., was honored as Honda’s largest volume dealer for […] [Read More]

Hunter Automotive Group has moved into the big city. The Henderson, N.C.-based dealership group announced it has acquired Victory Chevrolet in Charlotte from Brandon Gandy, its first location in the state’s largest market. “Charlotte is a key market for our strategic growth,” Hunter Automotive owner and CEO David Hunter said. “We are focused on expanding […] [Read More]

Acknowledging, “this is the hardest part of being a leader,” TrueCar founder and CEO Scott Painter announced through a news release that the company is reducing its workforce by 30% effective Tuesday. TrueCar said its new senior leadership team met individually with every employee across the organization to understand each role and how it supports […] [Read More]