Asbury Automotive Group opened the path for Vaughan Automotive to enter California. According to a news release from The Presidio Group that helped to facilitate the transaction, Asbury on Monday closed its sale of a Toyota dealership and related real estate and business operations located in Lemon Grove, Calif. Asbury purchased the Toyota dealership as […] [Read More]

If you follow the news, you’ve probably heard a lot of negative talk lately about the health of the American economy. Tariff threats, trade wars, cuts in government spending, layoffs in both public and private sectors and investment market turmoil have many experts wondering if we’re headed for a recession — or something worse. This […] [Read More]

The 20th annual American-Made Index (AMI) generated by Cars.com took even more significance amid the maelstrom the automotive industry faced this spring from the Trump administration’s tariff negotiations and policy enactments. Coupled with inflationary pressures, analysts highlighted this year’s index reflects growing consumer urgency to understand one thing: Where is this car made? Cars.com experts […] [Read More]

“Cost of acquisition” should not just be a popular discussion point on Shark Tank. It should be top of mind for dealer principals in the automotive retail sector, where the challenge is not simply how to generate leads but equally important having complete visibility and insight into where the leads came from. How to convert […] [Read More]

With J.D. Power recently saying certified pre-owned vehicles are “again quietly emerging as an important strategic play for both automakers and their dealers,” the newest data from Cox Automotive showed the CPO sales market is making upward strides. Cox Automotive estimated May’s CPO sales came in at 231,137, down only slightly from the strong April […] [Read More]

Remember when compliance experts spent years discussing the Safeguards Rule? You know, the mandate that requires non-banking financial institutions, such as car dealers, to develop, implement, and maintain a comprehensive security program to keep their customers’ information safe? Well, the Federal Trade Commission brought it back to the automotive industry’s attention again on Monday. The […] [Read More]

“It’s just a chunk of ice.” I’m sure that’s what the captain of the Titanic thought. In all seriousness though, they were given seven different warnings before their impending collision. So, with that being said, who’s truly steering the ship that is the dealership? Well, in a perfect world, the dealer principal would happily take […] [Read More]

The Auto Care Association and MEMA Aftermarket Suppliers are bullish about their prospects for competing for consumer business in the car-repair industry after releasing multiple annual forecasts and reports last week. According to the 2026 Auto Care Factbook, the car care industry grew in 2024 and in line with expectations. Despite continued challenges throughout the […] [Read More]

A trio of domestic franchised dealerships changed hands, with the Tim Lamb Group facilitating the transaction involving Germain Motor Co., and Chesrown Automotive. The sale involved Germain Chevrolet-GMC, Germain Ford, and Germain Chrysler Dodge Jeep Ram in Sidney, Ohio going to Jim Gill, Ryan Gill, and Joseph Gill of Chesrown Automotive. According to a news […] [Read More]

A Florida-based startup that’s “set to disrupt the vehicle acquisition software business and the traditional used-car inventory supply chain standards,” gained another $4 million in funding last week. Founded by Anthony Monteiro, a group of automotive industry legends and technology professionals, AutoAcquireAI has successfully raised $5 million in total seed funding, all from angel investors. […] [Read More]