Lithia Motors has sold its Ferrari of Denver store to Woodhouse Auto Family CEO Jason Pittack, according to a news release from Pinnacle Mergers & Acquisitions, which advised Lithia on the transaction. Pinnacle also represented Lithia when it sold Toyota of Gallatin in Nashville, Tenn., earlier this year. The advisory has worked with the dealer […] [Read More]

From south Florida to the Southwest and several states in between, a few of the nation’s largest dealer groups have taken action to help safeguard the well-being of those in their communities, be it providing food and nourishment, medical care or home and family services. Starting with Kunes Auto & RV Group, the Wisconsin-based retailer […] [Read More]

Steve Levine said dealers have been approaching him recently with an idea: Should they start a car-rental businesses to supplement their dealership revenues by providing affordable rentals to customers whose vehicles are out of service for repairs? The owner of Ignite Consulting Partners, which offers guidance on compliance, operations and best practices, replied, “This is […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from the Live Stage, which was sponsored by SYCN Auto Logistics, during the Used Car Industry Summit in Miami this spring. As vehicle ownership costs now exceed $12,000 per year and repair and maintenance prices have risen roughly 30–40% since 2020, Kathleen Long, who is […] [Read More]

One of the world’s top Honda operations is going mobile — for service customers. Paragon Honda, Paragon Acura and White Plains Honda, all led by Brian Benstock, have partnered with mobile service platform Curbee to deliver select dealership-certified mobile vehicle maintenance and repair services on demand to customers in their driveways. The three New York […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from the Live Stage, which was sponsored by SYCN Auto Logistics, during the Used Car Industry Summit in Miami this spring. Scott Lear, who is president of Dealer Benefit, took attendees into the world of batteries for used electric vehicles and how F&I products such […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from the Live Stage, which was sponsored by SYCN Auto Logistics, during the Used Car Industry Summit in Miami this spring. During previous events hosted by Cherokee Media Group, TJ Cox of TransUnion mainly discussed auto finance and the economy. This time, the senior director […] [Read More]

A dealership manager has taken the next step and acquired his first store. Ahmed Fayed partnered with entrepreneur Robert Palmese to purchase Matt Blatt Chrysler Dodge Jeep Ram in Philadelphia from the Greenblatt Family, according to Performance Brokerage Services, which brokered the deal. The dealership, which has been renamed Liberty Chrysler Dodge Jeep Ram, is […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from the SYCN Auto Logistics Live Stage during the Used Car Industry Summit in Miami this spring. During a candid conversation with Cherokee Media Group’s Andrew Friedlander, Michael Kraut, vice president of data advertising solutions for Experian Automotive, explored how franchised and independent dealers can […] [Read More]

The National Automobile Dealers Association is looking to give dealers another opportunity to help those in need. NADA said it will announce a national partnership with Vehicles for Change on Wednesday to expand dealer participation in the nonprofit organization’s low-income car ownership program, helping provide reliable transportation to families in need nationwide. The partnership will […] [Read More]