CarGurus has graduated from Cambridge and moved into Boston. The company, which provides a digital platform for shopping, buying and selling vehicles, said Thursday it has opened its new global headquarters in the Back Bay neighborhood of Boston. The move to 1001 Boylston Street — where its 225,000-square-feet of workspace will anchor the Lyrik mixed-used […] [Read More]

CARFAX is estimating that upwards of 138,000 vehicles were flood damaged by Hurricane Helene, which caused destruction in at least six Southeastern states. Of those, the one with the most water-damaged vehicles from the hurricane is Florida at 60,700 vehicles. South Carolina is second at 27,500, followed by North Carolina at 22,900 and Georgia at […] [Read More]

Swickard Auto Group has added a fourth Toyota dealership to its roster and expanded its presence near San Francisco. The retailer said Wednesday it has purchased Toyota 101 in Redwood City, Calif., which has been renamed Swickard Toyota 101. “We are incredibly excited to welcome the talented team at Toyota 101 to the Swickard family,” […] [Read More]

The more researchers examine the current state of household finances, the more they’re uncovering plenty of negative trends. The two newest developments surfaced this week from The Federal Reserve Bank of New York’s Center for Microeconomic Data and the LegalShield Consumer Stress Legal Index (CSLI). The New York Fed released its September 2024 Survey of […] [Read More]

Go Auto plans to continue to grow and the dealership group is interested in acquiring franchises in Western Canada, the dealership group’s president Phil Abram told Auto Remarketing Canada. But it is also eying further expansion in the United States, he said. “Acquisitions are always challenging to forecast in terms of exact timelines, but I […] [Read More]

Lithia & Driveway’s first foray into international markets was through a Canadian acquisition and LAD president and CEO Bryan DeBoer has said the publicly listed dealer group will continue to grow in Canada. “Canada has been our top target for growth outside of the United States with its similar business practices and a market opportunity […] [Read More]

When Phoenix Raceway hosts the NASCAR Cup Series Championship next month, Carvana and its home state of Arizona will be front-and-center for driver Jimmie Johnson’s No. 84 Toyota. The online used-car retailer partnered with Johnson and LEGACY MOTOR CLUB for Carvana’s Fan Design Contest, which gave fans the chance to design the paint scheme for […] [Read More]

automotiveMastermind has named a new chief operating officer. Promoted to the COO role is Jeremy Carter, who was previously vice president of business operations. The move was effective this month. Carter has been with automotiveMastermind since March 2021. Prior to his time with the company, he worked in the software industry for more than 15 […] [Read More]

The Clement Auto Group has acquired Marty Cancila Dodge Chrysler Jeep Ram in Florissant, Mo., according to the Tim Lamb Group, which brokered the transaction. A news release indicated the dealership near St. Louis now will operate as Clement Chrysler Dodge Jeep Ram Florissant. Tim Wild, director of the Midwest and Plains Region for the […] [Read More]

The automotive industry is witnessing a transformative shift in how technology and artificial intelligence are being integrated into auto sales and remarketing strategies. New advancements are streamlining operations and enhancing customer experiences and sales effectiveness. Technology offers numerous benefits in the workplace, including saving time, streamlining processes, and analyzing data. Such advantages help business leaders […] [Read More]