Relying on luck? Then move to Vegas. March is the month of Saint Patrick’s Day and the luck of the Irish — so let’s talk about luck. Never underestimate the power and gift of luck, but remember: It’s a bonus, not a plan. In fact, most people you might consider to be lucky, in most […] [Read More]

Next up on our series of episodes from NADA Show 2024, Erin Kerrigan, who is co-founder and managing director of Kerrigan Advisors, connects with Cherokee Media Group’s Joe Overby during the J.D. Power Auto Summit in Las Vegas. They discuss dealership buy-sell activity, dealer groups diversifying their lines of business, the state of used-car standalone […] [Read More]

Tech-enabled mobile car care company Yoshi Mobility bolstered its operations along the West Coast by acquiring Mobile Auto Concepts Inc., the companies announced. The San Francisco-based mobile automotive services company, which specializes in tire care and replacement, preventative maintenance, multipoint inspections, eco-friendly washes and more, operates in major western markets, including San Francisco-San Jose-Oakland, Sacramento, […] [Read More]

Holman has closed its acquisition of North Carolina-based Leith Automotive Group, a deal Holman said nearly doubles its automotive retail business. The companies announced an agreement for the transaction in January. The purchase, which Holman said is the largest in the company’s 100-year history, includes 13 new-car franchises and an auction center — the first […] [Read More]

Vroom, which in January said it would be ending ecommerce operations and winding down its used-car retail business, said last week it expects to complete that wind down by the end of the first quarter and that it has sold “substantially all of our used vehicle inventory.” The company, which also reported fourth-quarter and full-year […] [Read More]

The biggest name in the rental car business is getting a new leader. Hertz Global Holdings announced Gil West, former chief operating officer of Delta Airlines and General Motors’ Cruise autonomous vehicle unit, will take the reins as its CEO effective April 1. He’ll succeed Stephen Scherr, who the company said has decided to step […] [Read More]

Used-car supply is rising at the lower end of the pricing scale – but those cars are getting older. Cars Commerce’s Industry Insights Report for February found the overall supply of used cars was up 2.4% year-over-year, but for vehicles priced less than $30,000, it shot up 7.5% from the same month in 2023. That […] [Read More]

Petra Automotive Products launched a new awards program, designed to increase retention in sales and service for dealerships nationwide. The company said Petra Advantage Rewards provides dealerships with “a fully white-labeled experience to create a strong ‘why buy here’ message for customers.” The program provides an app, a rewards and recognition point program that automatically […] [Read More]

Bob Sight Auto Group has acquired Dale Willey Automotive in Lawrence, Kan., from Greg Maurer, according to Performance Brokerage Services, which brokered the sale. The longstanding Kansas City-area operation, founded in 1970, includes Honda and Chrysler Dodge Jeep Ram stores. Maurer joined the ownership group in 1998 and became sole owner in 2014. Bob Sight […] [Read More]

Kanchana Sundaram acknowledged dealerships are fertile places for fraud to happen. But Experian’s senior director of product and innovation for automotive offered several suggestions for how stores can remain car retailers, not vehicle victims, during this episode of the Auto Remarketing Podcast recorded in Las Vegas at NADA Show 2024. Listen to the episode in […] [Read More]