Retail

Electric vehicle manufacturer Rivian Automotive has received an $827 million incentive package from the Illinois Department of Commerce and Economic Opportunity, which the company said will allow it expand operations at its plant in Normal, Ill. Rivian said the funds will also go toward improvements in public infrastructure and job training programs for Rivian’s workforce […] [Read More]

Huffines Auto Dealerships is taking to the streets to celebrate its 100th anniversary. The dealership group, which operates 10 locations in the Dallas-Fort Worth area, was founded May 5, 1924, when J.L. Huffines Sr. first opened Huffines Motor Company in Denton, Texas, selling Willys-Knight and Overland automobiles. In honor of that event, the family-owned and […] [Read More]

While the service departments at franchised dealership appear to still be more trustworthy, the J.D. Power 2024 U.S. Aftermarket Service Index (ASI) Study showed how the competition for business is getting even more intense. J.D. Power pointed out that customers are finding it easier to do business with aftermarket service providers due to no-appointment drive-in […] [Read More]

Fisker’s drive toward a dealership model in the U.S. continues. The electric vehicle manufacturer said it has signed agreements with six new dealer partners for dealerships in California, Missouri and Pennsylvania, and a distributorship in the U.S. territory of Guam. Three of the new stores — LA Fisker and West Covina Fisker in Los Angeles […] [Read More]

Group 1 Automotive has completed a $500 million increase in its revolving syndicated credit facility. The giant dealer group, which owns and operates 203 dealerships in the U.S. and U.K., now has a total credit facility of $2.5 billion with 20 financial institutions that will expire in March 2027 and can be expanded to $3 […] [Read More]

CARFAX has earned GM’s seal of approval. The company announced its CARFAX Car Listings has been approved by General Motors for its in-Market Retail Turnkey program. CARFAX said the designation means GM dealers, which includes the Chevrolet, Buick, GMC and Cadillac brands, can now use iMR Turnkey for CARFAX Car Listings. In a news release, […] [Read More]

The dealership news roundup involves activities at Asbury Automotive Group, Victory Automotive Group and Fifth Wave Automotive Group. According to a news release from Tim Lamb Group, the firm brokered the sale of Folsom Lake Chrysler Dodge Jeep Ram in Folsom, Calif., earlier this month back to its original owner, Fifth Wave Automotive Group. Tim […] [Read More]