Aided by guidance from the Presidio Group, Rene Isip and John Eagle completed the sale of their dealership, Toyota of Lewisville in Lewisville, Texas, to RLJ-McLarty-Landers Automotive Holdings, a Little Rock, Ark.-based dealer group. Officials indicated that terms of the transaction were not disclosed “It was a rewarding experience to build Toyota of Lewisville into […] [Read More]

Getting to the point where you’re moving 300 used vehicles a month — particularly if half of them are certified pre-owned sales — doesn’t happen overnight. For Bill Luke Chrysler Jeep Dodge & Ram, which has steadily climbed to these heights, it has required a significant investment in processes and a dealership-wide buy-in from the […] [Read More]

Paul Potratz wrapped up a discussion on Tuesday highlighting what he contends are the six key touch points to increasing service retention. The chief operating officer and founder of Potratz Partners Advertising gave franchised dealers the tools he said can help to keep service bays busy and cash registers ringing. In the most recent post […] [Read More]

Brasher’s Sacramento has shared some early results from the Easy Street program from GM Financial that launched at the auction last week.   As part of Easy Street — a program that Brasher’s Sacramento is piloting for GM Financial — General Motors dealers can run their consignment in-lane with cars from GM Financial. All qualifying […] [Read More]

With millions of viewers tuning in to AMC’s “Breaking Bad” each week — 4.77 million for the Aug. 18 episode, according to Nielsen — there’s a chance that a used-car shopper on your lot is a fan of the show and can easily spot the Pontiac Aztek that Walter White steers through the streets of […] [Read More]

Dealertrack Technologies announced Tuesday afternoon that it will acquire Customer Focused Marketing, a customer relationship management and marketing services provider. Dealertrack entered an agreement to purchase “substantially all the assets” of the company in a deal expected to close in the fourth quarter of this year. [Read More]

Baseball and business will come together on Sept. 18, thanks to the efforts of one Florida-based auto group to show its support for the local team. Brett Morgan, variable operations director for Morgan Automotive Group, is leading the event dubbed Top Off the Trop, to help sell out Tropicana Field for the Sept. 18 Tampa […] [Read More]

Classic car shows and other events often fill the air with the roaring engines amplified by special exhaust systems and more. During the recent Woodward Dream Cruise in the Motor City, a group of Chevrolet Volt owners participated but showcased their vehicles for the opposite extreme. General Motors welcomed dozens of people who own Chevy’s […] [Read More]

GAINESVILLE, Ga. — With so many different makes and models within a single vehicle segment available nowadays as well as how finance companies are buying contracts lower down the credit spectrum, Black Book Lender Solutions wanted to provide some updated depreciation guidance and recommendations. This week, Black Book released a white paper titled, "Lender Solutions […] [Read More]

WASHINGTON, D.C. — While the agency has yet to announce a replacement for the regulator who will oversee auto financing, the Consumer Financial Protection Bureau added four new staff members this week. Among the new additions, the CFPB tapped individuals for the following positions: —Assistant director for the office of intergovernmental affairs —Assistant director and […] [Read More]