Why does one dealership command a significantly higher blue sky multiple than another, even when both operate under the same franchise? The answer is multi-dimensional and extends far beyond profitability alone. Blue sky represents the goodwill component of a dealership’s value, the premium a buyer is willing to pay above the value of its tangible […] [Read More]

Lithia & Driveway said Tuesday it is investing $500,000 in more than 200 nonprofit youth and community organizations through its Lithia4Kids Community Giving Grants. The program partners with organizations focused on educating and strengthening communities in which Lithia operates. The latest grants will support initiatives like schools, children’s hospitals and youth enrichment. Nearly 375 grant […] [Read More]

We start this dealer group news roundup in California, where the LAPIS group has launched a new Porsche store in the Tri-Valley region. LAPIS CEO and dealer principal Todd Blue acquired the Porsche Livermore store in March. “Porsche is a brand that demands a different level of stewardship,” Blue said in a news release. “We […] [Read More]

The Chicago Automobile Trade Association teamed up with the USO to raise more than $59,000 to support servicemembers and their families through their 13th annual Drive for the Troops campaign in July. Dealerships throughout Chicagoland hosted community events and held fundraisers like cookouts, car shows, bike rides, raffles and online campaigns in support of the […] [Read More]

Fletcher Jones Automotive Group has completed its exit from Northern California with the sale of Porsche Walnut Creek to Sonic Automotive, according to a news release from The Presidio Group, its advisor on the sale. “In recent years, we’ve taken steps to hone our dealership portfolio to focus on the markets that best align with […] [Read More]

Lotlinx chairman and CEO Len Short firmly believes car dealers are the most resilient operators in any business. During this episode of the Auto Remarketing Podcast, Short explained why he is anticipating dealers showing that resilience again because it’s needed in today’s car business. Lotlinx is seeing used- and new-car inventory levels rising and pageviews […] [Read More]

You’d be hard pressed to find tighter bonds some men have with their pickup trucks and significant others. That’s the premise connected with CarGurus’ latest marketing campaign, which includes NFL quarterback Drake Maye, his wife and lifestyle content creator Ann Michael Maye and being behind the wheel. “My car is a huge part of my […] [Read More]

The average age of vehicles has reached a record high, as consumers keep their rides longer. All while ownership and operating costs soar. So, Hertz Car Sales has responded, launching 100K Mile Protection. The protection includes a three-year/100,000-mile powertrain limited warranty on eligible vehicles at no additional charge. Eligible vehicles are “generally defined” as vehicles […] [Read More]

Healey Brothers Automotive Group has set par at $100,000. That’s the amount in donations the New York state-based dealer group is driving towards when it hosts its Fifth Annual Golf Outing on Oct. 2 to support Make-A-Wish Hudson Valley. Should the group’s Driven to Give Foundation meet that goal, it would be enough to grant […] [Read More]

The California New Car Dealers Association Foundation has partnered with ASE Connects to help dealerships in the Golden State cultivate relationships with schools and students that are building the foundation of the automotive technician workforce. ASE Connects, part of the National Institute for Automotive Service Excellence, is a network of shops, dealerships, instructors and students […] [Read More]