Retail

Dealer news: Sutherlin sells its last Florida dealership; acquisition in Kentucky

Sutherlin Automotive Group is out of the Florida market. The Alabama-based dealership group, owned by Brett Sutherlin, sold its last store in the Sunshine State, Sutherlin Nissan of Vero Beach, to Andy Unanue, according to Pinnacle Mergers & Acquisitions, which ... [Read More]

Wholesale

DAA Northwest Anniversary Sale raises $175,000 for local nonprofits

DAA Northwest celebrated its anniversary with a gift — to charity. The 32nd annual DAA Anniversary Fundraiser and Sale, held Nov. 6-7, is part of the auction’s tradition of philanthropy, dating to 1997. Since then, DAA’s fundraising events have raised ... [Read More]

Technology

Reynolds joins with Skaivision, aiming for greater service department efficiency

Reynolds and Reynolds has a vision. A Skaivision, to be precise. The dealership software provider announced a collaboration with Skaivision, creator of “smart space” computer vision artificial intelligence software for auto dealerships, that includes an investment in the company. In ... [Read More]

Financial

EFG launches program that guarantees PRU increase for dealers

With dealership profitability down over the past two years, EFG Companies wants to give auto dealers a way to boost their personal wealth creation strategies. To that end, the F&I and reinsurance provider has introduced its Wealth Builder Profit Participation ... [Read More]

Analysis

The current state of automotive dealership M&A: Focusing on performance optimization

The automotive dealership landscape has seen significant changes in recent years, particularly in the wake of fluctuating profitability and high interests. Following several years where dealers could sell their businesses at a premium on the back of record profits with ... [Read More]

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