The Florida Automobile Dealers Association has named a new president to succeed Ted Smith, who has retired after leading the FADA for 25-plus years. Selected for the role is Peter Cuderman, a move that was effective Saturday. Cuderman was mostly recently director of legislative and intergovernmental affairs in the executive office of Florida Gov. Ron […] [Read More]

When dealer principals contemplate selling a dealership, the conversation naturally centers on valuation, blue sky multiples, taxes, transaction structure, and buyer demand. These are all critical elements of a successful transaction, and they largely determine the economics of the deal. What many dealer principals underestimate, however, is that agreeing on price is only one milestone. […] [Read More]

AutoNation had some solid wins in its used-car operations during the second quarter, including a “healthy” supply of pre-owned units within the dealer group, stable profitability and expectations for off-lease growth in the second half. During an earnings presentation last week, AutoNation CEO Mike Manley said the retailer continues to post strong sales of used […] [Read More]

It’s a Texas three-step. Clay Cooley Auto Group has acquired a trio of franchise stores — Norm Reeves Mazda, Hyundai and Genesis in Irving, Texas — from The CAR Group, according to a news release from Pinnacle Mergers & Acquisitions, which advised the seller. The acquired stores will operate as Clay Cooley Mazda, Hyundai and […] [Read More]

David Andrews not only is chairman and CEO of Dealers Auto Auction Group, which currently has 10 auctions located primarily in the Southeast, he’s also the CEO of City Auto Sales, which has two used-car retail locations in Tennessee. Andrews says in an online video about his retail operation, “We started City Auto in 1986, […] [Read More]

Next up in Auto Remarketing’s series examining the used-car results of the publicly traded dealer groups is Group 1 Automotive, which reported quarterly results Thursday, along with a major purchase in the Atlanta market. Looking at its pre-owned results, Group 1 sold 53,469 used retail units during the second quarter, down 11.2% from Q2 2025. […] [Read More]

Group 1 Automotive sees its success in Houston and Boston being possible in Atlanta because of its “cluster strategy.” The dealer group can use that approach with a footprint of 15 stores in the Georgia metropolis, as Group 1 announced on Thursday that it has signed a definitive agreement to acquire the dealership assets and […] [Read More]

For auto dealerships, heritage runs deep. Approximately 80% of the 18,000 new-car dealerships across the U.S. are family-run businesses, according to the National Automobile Dealers Association (NADA). And despite recent industry consolidation, many are second-, third- and even fourth-generation businesses. As with most family-run operations, a dealership’s name comes to mean something more than a sign on the building. It represents the family’s legacy and commitment […] [Read More]

Just before the end of June, CarGurus announced a significant dealer policy change starting July 14 in response to vehicle advertising and pricing demands by the Federal Trade Commission. Site officials previously said used inventory on its platform without disclosed fees will be categorized as “No Rating” and will move lower in search results. CarGurus […] [Read More]

Like the Gamecock at Williams-Brice Stadium, Holler-Classic Family of Dealerships rightfully has something to crow about. Announcing an expansion to the South Carolina capital, Holler-Classic has purchased four stores in the Columbia, S.C. area. The central Florida-based dealer group announced Tuesday that it has acquired three Nissan dealers and one INFINITI store from Dick Smith […] [Read More]