It's another acquisition for Lithia Motors & Driveway, this time in Iowa.  The public retailer said Tuesday it has purchased Ramsey Subaru and Mazda, which it said are the highest-volume dealers for those respective brands in the state. Lithia anticipates the purchase will add $100 million to its annual revenues. Lithia's network expansion so far […] [Read More]

Thanksgiving turned out to be softer for all involved as Black Book noticed weaker trends on both the wholesale and retail fronts. The observations stemmed from a holiday timeframe typically filled with some of the largest gatherings on the calendar, but derailed this year because of the pandemic. As Black Book analysts explained it in […] [Read More]

Fleet management company Donlen has been named a 2020 Best and Brightest Company To Work For in the Nation. Best and Brightest Programs recognize companies that show a commitment to excellence in business areas such as employee enrichment, diversity and inclusion, community initiatives and strategic company performance. Donlen was included on the list for the […] [Read More]

Members of the Greater New York Automobile Dealers Association contributed $21 million to local charitable endeavors in 2019 in locations such as New York City, Long Island, Westchester and the Lower Hudson Valley. GNYADA owns and operates the New York International Auto Show, and during the show, the association hosts an annual fund-raising event for East […] [Read More]

AutoCanada's recently formed Used Digital Retail Division has purchased Ontario independent used-car dealership Haldimand Motors, the retailer said Tuesday.   The purchase is part of the company's previoulsy announced Used Digital Retail Initiative and will become part of AutoCanada's new Used Digital Retail Division.  The company aims for its Used Digital Retail Division to lift […] [Read More]

Stating it will help its members gain trust in any transaction completed through its platform, online vehicle maintenance and repair marketplace CarAdvise has launched a 12-month/12,000-mile warranty. The warranty is an addition to the company’s “Happiness Guarantee.” Called “12month/12k,” the program will guarantee complete satisfaction with all materials and workmanship on all CarAdvise transactions across […] [Read More]

A new Enterprise Holdings initiative will address three social and racial equity gaps that the company says need urgent attention: early childhood development, youth health and wellness, and career and college preparation. Through the Enterprise Holdings Foundation, Enterprise Holdings says it is boosting its focus on diversity, equity and inclusion. The company will do that […] [Read More]

The chair of the Federal Communications Commission plans to leave the regulator when the next president is inaugurated. On Monday, FCC chairman Ajit Pai announced that he intends to leave the agency on Jan. 20 after holding the chair position for the past four years following an appointment by President Trump. Pai first became an […] [Read More]

CDK Global was part of the parade of merger and acquisition announcements to surface following Thanksgiving weekend. On Monday, the provider of dealer management systems and integrated information technology solutions to the automotive retailing and adjacent industries announced the execution of a definitive agreement to sell its CDK International business segment (CDKI) to Francisco Partners […] [Read More]

Through a new partnership, digital vehicle logistics marketplace Autosled will provide exclusive transport support for 20 Group Dealer Trades, a dealer-direct platform that enables dealers to turn reconditioned inventory. Autosled will provide that service for the new and used cars traded among 20 Group Dealer Trades members. Autosled provides dealers, transporters, auctioneers, brokers and individuals that […] [Read More]