If you want to keep up with these Joneses, it’s going to cost you a lot. Danny and Gail Jones, owners of Maryland-based Jones Junction Automotive Group, have pledged to donate $20 million to the University of Maryland Upper Chesapeake Health. The donation will be the largest single contribution in the hospital system’s history and […] [Read More]

Retail My Ride has added three free tools to its dealer resource platform. The auto retail consignment sourcing platform announced the launch of the new interactive tools, which it said are designed to help dealers “model, measure and master” a dual-path private party acquisition model, offering both purchase and consignment options to private-party sellers. The […] [Read More]

Two major dealership groups continued on familiar paths in the M&A market with a major acquisition and a major divestiture. Lithia & Driveway, which has been actively adding locations all year, has brought three more into its collection with the purchase of Anaheim Hyundai, Huntington Beach Hyundai and Garden Grove Hyundai in Orange County, Calif., […] [Read More]

October is many things to many people. To some, October means Halloween with its ghosts and goblins.  If you’re into sports, maybe it’s the World Series or the NASCAR championships. It’s also the start of the NHL and NBA seasons. To many, fall is their favorite season and the official kickoff of the holiday season. […] [Read More]

Strong Automotive has introduced a new media strategy designed to fuse the reach of linear TV with the precision and accountability of streaming services. The marketing and advertising agency for dealerships said Modern View was created to deliver a “unified, impression-based buying model” and maximize impact on all screens. “For years, dealers had to choose […] [Read More]

AutoNation reported a relatively strong used-car performance in the third quarter as its focus on optimizing used acquisition showed results. But its inventory holding strategy did expose AutoNation to margin depreciation, AutoNation CEO Mike Manley said during the third quarter earnings call. He expects that to continue in the fourth quarter. “I think we have […] [Read More]

Rick Case Automotive Group has raised its support for a Florida hospital to another level. Rita Case, president and CEO of the South Florida-based dealership group, last week presented a $2 million donation to Cleveland Clinic Weston Hospital in Weston, Fla., to help fund research, education, patient care, programmatic and capital needs. “We have always […] [Read More]

It’s sort of like expanding your property by buying the house next door. Ourisman Automotive Group has acquired Hendrick Honda Woodbridge, which is adjacent to its existing Toyota and Chrysler Jeep Dodge Ram stores in Woodbridge, Va. Ourisman’s purchase of the Northern Virginia dealership from Hendrick Automotive Group was facilitated by The Presidio Group, which […] [Read More]

Boardwalk Auto Group has sold its four ultra-luxury dealerships in Texas to US Auto Trust, according to a news release from NBB, which was the exclusive transaction advisor to Boardwalk. Included in the transaction were Boardwalk Ferrari, Boardwalk Lamborghini, Boardwalk Maserati, and Boardwalk Pagani. This is the third major sale from Boardwalk that NBB has […] [Read More]

Carvana has expanded its same-day vehicle-delivery service to the greater San Diego area, the online used-car retailer said Tuesday. Sharing more details, the company noted that select customers in the area can have their purchases delivered on the same day they place their order. They can also utilize as-soon-as-same-day pickup or drop-off options if they’re […] [Read More]