Post-pandemic consumers are more conservative than they used to be. When they make large purchases, they want reassurances that they’re not only making the right decision for their immediate needs but that it’s going to be the right decision for the long term. They look at vehicles not only as a means to get from […] [Read More]

When dealerships look at the cost of introducing new technology, the conversation usually starts with the price of the technology itself. That’s understandable; every investment needs to make financial sense. But there’s another calculation that often gets missed: what is the dealership already spending on the process that technology would replace? For manual vehicle pricing, […] [Read More]

Online vehicle retailer Carvana said Wednesday it has expanded same-day delivery service to the Minneapolis area. In addition to select local customers being able to receive their vehicle as soon as the same day the place an order, local sellers can schedule pickup and dropoff the same day they complete an online appraisal through the […] [Read More]

Late on Tuesday, the Federal Trade Commission published frequently asked questions on price transparency to help dealerships and rest of the automobile industry comply with the FTC Act. While the guidance delves into specific topics such as how to handle document fees, rebates and discounts, perhaps the penultimate question and subsequent response might be most […] [Read More]

Lithia & Driveway has bolstered its presence in the Dallas-Fort Worth area with the purchase of Rockwall Hyundai, the retailer said Tuesday. The purchase of the Rockwall, Texas dealership adds roughly $75 million in annualized revenue to the dealer group. So far this year, Lithia has added expected annualized revenues of $915 million. Lithia financed […] [Read More]

The Courtesy Automotive Group has acquired Watson Chevrolet and Infiniti of Tucson in Tucson, Ariz., according to a news release from Pinnacle Mergers & Acquisitions. Pinnacle represented the seller in the transaction, which closed on Aug. 31, and was led by Bill Scrivner, founder and CEO of Pinnacle Mergers & Acquisitions. Following the acquisition, the […] [Read More]

The Costco Auto Program has launched a new offering that may help drive more affordability-minded shoppers to certified pre-owned Volvo vehicles. The Certified by Volvo special is providing savings for Costco members on model-year 2023 through 2025 CPO vehicles from Volvo. In a deal that started Tuesday and runs through Nov. 2, eligible Costco members […] [Read More]