New dealer Mark Wahlberg greets customers, meets staff
Actor Mark Wahlberg made his first pit stop into his namesake Chevrolet dealership in Columbus, Ohio, Monday, going on a test drive with a customer, autographing another customer's vehicle and posing for lots of selfies with staff.
Lyft hitches a ride on CDK network
Lyft is coming on board CDK Global Inc.'s Fortellis platform, the automotive commerce exchange platform said. The move will enable the ride-hailing company's Concierge service to be directly accessed in CDK software.
Cox takes a deeper dive into mobility
Cox Automotive believes its new mobility group will become bigger than anything else it is currently doing. The dealership software and services juggernaut says its mobility division positions it for a future in which fewer consumers will buy or own vehicles.
Bad books, death threats and a bankruptcy: The stunning collapse of Reagor Dykes
The sudden bankruptcy filing by Texas dealership group Reagor Dykes marks a stunning fall for a former high flier, with more of the tale yet to come.
One-price pioneer Ed Mullinax dies at 85
Longtime Ohio auto dealer Ed Mullinax, pioneer of one-price, no-haggle selling, died Aug 4 at the age of 85.
Rejuvenated Lincoln seeks a place of its own
Lincoln is asking dealers in the 30 top U.S. luxury markets to build stand-alone showrooms, reversing an effort to consolidate with Ford stores now that the brand has become more viable.
Japan's Aisin expects up to $360 million impact if U.S. raises auto tariffs
Japanese auto supplier Aisin Seiki said it expected to take a hit of up to $360 million if the United States raises tariffs on autos and auto parts.
Dealer throughput seen falling for third year, Urban Science reports
U.S. dealership new-vehicle throughput -- or the average number of vehicles a dealer sells per store per year -- is expected to fall for the third straight year in 2018, Urban Science said.
Carvana continues market expansion, widens net loss in Q2
Carvana continued to add new markets in the second quarter while more than doubling revenue and widening its net loss.
Suburban Collection, largest dealership group in Michigan, acquires Somerset Buick-GMC
David Fischer, head of Suburban Collection, the largest auto retailer in Michigan, said the group has acquired Somerset Buick-GMC.
Alabama dealership to pay $114,000 in penalties after 3 employee deaths
Employees of Carl Cannon Chevrolet-Buick-GMC-Cadillac, of Jasper, Ala., were using a flammable brake wash to scrub the service pit floor at the time of a flash fire in the dealership in June 2017.
Group 1 boosts Honda portfolio in Louisiana, Texas
Group 1 Automotive is expanding its portfolio of Honda dealerships while strengthening its footprint across Louisiana and Texas.
Texas dealership files for bankruptcy after Ford Credit lawsuit
Reagor Dykes Auto Group of Lubbock, Texas, after being sued by Ford Credit for financing violations, has filed for Chapter 11 bankruptcy protection.
Swaps might help keep payments manageable
As interest rates rise, some dealership groups may consider implementing a hedging tool called a swap to keep payments manageable.
Costly lesson of tortuous legal battle: Get it in writing
The road to becoming a dealer can be fraught with pitfalls and obstacles, as dealership general manager Andrew Anderson found out.
Floorplanning revenue dries up as rates rise
Floorplan expense in the United States flipped to a cost this year for the first time in eight years. Dealers all knew the low-interest-rate environment wouldn't last forever. Now they are exploring ways to mitigate the cost.
Sonic opts to sell stores rather than revamp them
Sonic Automotive executives have been critical of pricey automaker dealership demands. The retailer's latest divestitures show what Sonic is doing about it.