One of the nation’s largest dealership groups has added to its holdings. Morgan Automotive Group, based in Tampa, Fla., has acquired nine dealerships and two collision centers from Miami-based South Motors/Vista Motors, according to Haig Partners, which represented the seller in the transaction. While the price was not disclosed, Haig Partners said in a news […] [Read More]

Electric vehicles are in the headlines daily. New models, government deadlines, new battery plant construction and more. But that doesn’t always translate to buyers, says Nate Myers, used-vehicle director at SONS Automotive Group, which has dealerships throughout Georgia and Alabama. “There’s absolutely no demand,” Myers said of EV activity in his markets. “Outside of Tesla, […] [Read More]

Despite dire stories about electric vehicles no longer selling in the United States, 2023 was the year more than 1 million EVs were sold here. Cox Automotive forecasts electric vehicles will account for more than 10% of total sales in 2024. But, said Cox, “dealers and manufacturers alike are realizing that selling more EVs will […] [Read More]

DriveSmart Warranty waved the checkered flag and online race winners will be going all the way to Daytona. On Friday, the administrator of vehicle protection services announced contestant Tucker Minter and streamer Casey Kirwan were the grand prize winners of DriveSmart to Daytona Series. Each winner and a guest will be flown to watch the […] [Read More]

Last week, Wolters Kluwer announced results from an industry survey it commissioned to better understand where automotive, dealer and auto finance professionals are finding operational improvements in adopting digital back office workflows. Wolters Kluwer also wanted to gauge existing barriers in adopting digitized solutions as 2024 rolls along. Wolters Kluwer presented an online survey to […] [Read More]

Evidently finance companies weren’t in much of a giving mood this holiday season since credit availability deteriorated in December, according to the Dealertrack Auto Credit Availability Index. Cox Automotive reported that index declined in November and dropped another 0.9% to 94.0 in December, reaching its lowest level since May and “erasing improvements made in the […] [Read More]

During the recent holiday season, Atlanta-based Jim Ellis Automotive distributed funds raised by its 23rd annual charity golf tournament over the summer. The tournament, which began as a company picnic and golf outing, is a cooperative effort of the Ellis family, Jim Ellis team member volunteers, business partners and vendors. The 2023 event, held in […] [Read More]

Randy Barone, vice president of business development at ACV, said many people often ask him how the used-car market will fare in 2024. It’s a question he can’t answer, because “nobody can know that,” he said. But what he does know is that most dealership used-vehicle departments are not “running on all eight cylinders — […] [Read More]

We continue our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from Used Car Week 2023. This episode features a presentation from Dealer Training Tuesday by Sara Hoagey of eliteBDC titled, “Learn the Advantages of Different BDC and CRM Structures for Your Dealership.” Listen to the episode in the window […] [Read More]

We continue our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from Used Car Week 2023. This episode features a presentation from Dealer Training Tuesday by Steve Roessler of DriveCentric titled, “Mastering Modern Communication Strategies for Sales Success.” Listen to the episode in the window below.   [Read More]