This week, Asbury Automotive Group acquired Sandy Springs Ford, a franchised dealership that generates approximately $110 million in revenues annually. Asbury rebranded the dealership as Nalley Ford Sandy Springs, bringing the number of group stores in Georgia to 16. The newly acquired store is located at 7555 Roswell Rd in Sandy Springs, a northern suburb […] [Read More]

Even as recently as a year or two ago, being able to transport a car to a customer in seven to 10 days was an ideal target. These days, however, that goal is more likely to fall in the three- to five-day range, depending on the distance the car is traveling, says Ready Auto Transport’s […] [Read More]

Two northeastern Manheim locations have been going to work to give back to charitable organizations during this holiday season. Manheim New York, located in Newburgh, N.Y., ran a food drive in November to support its local St. Francis of Assisi Food Pantry. The auction matched the donation of food collected by its employees and its customers. […] [Read More]

It was announced by company president Ben Lange on Monday that America’s Auto Auction has acquired Harrisburg Auto Auction, a move that brings its auction count up to 11. “We are extremely pleased to welcome Harrisburg Auto Auction and its team led by industry veteran Lynn Weaver, to the America’s family of auto auctions,” Lange […] [Read More]

Winter is only a few weeks away, but if last week’s price movement is any indicator, it feels a bit more like spring in the auction lanes. Prices at auction last week showed the lowest depreciation rates in months, illustrating price movement seen more often closer to tax season. Black Book editorial director Ricky Beggs […] [Read More]

The Holman Automotive Group, along with its subsidiary ARI, announced that they have raised nearly $10,000 via donations and participation in various charitable fundraising walks during October and November. An approximated 200 employees of both Holman and ARI, along with family and friends, walked more than 700 miles in support of the variety of causes. […] [Read More]

Import automakers enjoyed solid months in the certified pre-owned market, as European brands increased their CPO sales by more than 16 percent in November while Asian brand sales climbed nearly 2 percent and pushed their year-to-date sum above 1 million, according to Autodata Corp. European certified sales came in at 34,931 units for the month […] [Read More]

Finance companies that have auto loans in their portfolios better hope that millennials — consumers between the ages of 18 and 29 — don’t think of their vehicle installment contracts in the same light as their student loans. If so, the charge-off departments are going to be busy. A recent survey by Junior Achievement and […] [Read More]

The American Bankruptcy Institute reported U.S. filings for November decreased 16 percent year-over-year; a pace that maintains the projection of the lowest annual total in seven years. According to data provided by Epiq Systems, November bankruptcy filings totaled 62,403, down from the 74,070 filings registered in the same month last year. Total commercial filings for […] [Read More]

Reynolds and Reynolds and RouteOne reached a new agreement on Monday to integrate RouteOne’s eContracting system with Reynolds’ docuPAD software, which can provide dealerships with the capability to capture electronic signatures for vehicle financing eContracts directly from docuPAD workstations and send them to RouteOne. Previously, the companies explained F&I managers switched between applications and technology […] [Read More]