Jack Hollis, a former top executive with Toyota North America, has joined Accrual Equity Partners as managing partner. AEP, a private equity firm focused on the automotive services and retail sector, said Hollis will focus on expanding the firm’s presence and its investment, acquisition and partnership opportunities throughout the sector, including dealerships, automotive services and […] [Read More]

For a day, at least, the dealership buy-sell market is headed in one direction: North. Performance Brokerage Services announced it has advised on the sale of dealerships in Montana and Canada as the week begins. Minnesota-based Marthaler Automotive has acquired Honda of Helena in Helena, Mont. from Jim Parker. Marthaler Automotive founder and president Aaron […] [Read More]

For years, the service lane has been relegated to the back of the dealership. The sales department was often regarded as the glamorous department, characterized by quick deals, high commissions, and flashy, low-mileage vehicles. But given the economic climate of tariffs on new cars, supply chain disruptions over the years [Read More]

The biggest blockbuster deal in auto retail this year is now official. Asbury Automotive Group announced it has completed the acquisition of The Herb Chambers Companies, one of the nation’s largest privately-owned dealership groups. “Herb redefined the car-buying experience in New England, making Herb Chambers a household name, synonymous with reliability and service,” Asbury president […] [Read More]

Electric vehicles are losing some of their retail juice, at least based on the newest study from iSeeCars. Analysts from iSeeCars reported five of the top 10 used cars with the largest price drops in June were EVs. And Teslas have sustained the biggest drops in retail pricing among 1- to 5-year-old used cars. Used […] [Read More]

Rivian’s commitment to Georgia is bigger than the factory it’s preparing to build there. The electric vehicle manufacturer, along with Georgia Governor Brian Kemp and Atlanta Mayor Andre Dickens, announced its plan to open an East Coast headquarters in Atlanta. “We are excited to establish our East Coast head office in Atlanta,” Rivian founder and […] [Read More]

Matt Hagan can paint quite a picture — and not just as regional sales manager for ACV Capital. In this episode of the Auto Remarketing Podcast, Hagan shared his journey to becoming a performance artist and working with the National Independent Automobile Dealers Association and other organizations to raise thousands of dollars for charity with […] [Read More]

For Edmunds, doing “man on the street” interviews wasn’t enough. So, the car-shopping platform put an Edman on the street. Edmunds turned to its latest face-of-the-franchise athlete, Los Angeles Dodgers utility player Tommy Edman, to star in its new advertising campaign, “Edman on the Street,” introducing its upgraded appraisal tool. The spots showcase the tool, […] [Read More]

MINI of Downtown Los Angeles has moved into its new home. The top-ranked MINI dealer in Southern California, part of the Car Pros Automotive Group, celebrated its grand re-opening following a $1 million facility renovation. The celebration included a “Cars & Coffee” event on June 21 that brought MINI enthusiasts from throughout the region together […] [Read More]

Inspection and service automation platform TraXtion has launched a strategic partnership with RockED, a provider of immersive learning and communication tools for frontline teams, to deliver its custom content through RockED’s mobile platform. The content will include modules for service advisors and technicians and a library of best practices, with instant gamification and reporting on […] [Read More]