In December 2022, Carvana’s stock plummeted to the depths amid talk of bankruptcy. Three years later, the online used-car retailer is being welcomed into the S&P 500, an announcement that’s driving its stock price to record levels. S&P Global said Friday that Carvana will be included in its index of 500 of the nation’s largest […] [Read More]

For many general managers, running a dealership feels like the pinnacle of a career in automotive retail. You’re steering sales and service, balancing gross margin against expenses, and managing a team while keeping customers satisfied. But for those with bigger ambitions, there’s another step: ownership. Becoming a dealer principal is a defining leap. Your operational […] [Read More]

Cars Commerce has added a veteran software engineer as its chief technology officer. The company said Cormac Twomey, who takes over effective Dec. 10, will be responsible for speeding innovation, scaling the technology platform, driving the company’s ascent in artificial intelligence and enabling automotive retail and wholesale. “Under his leadership, we will enhance our technological […] [Read More]

The nationwide shortage of automotive technicians has been an ongoing issue in the industry for years. So auto industry training platform RockED and communication technology provider TruVideo are teaming up to do something about it. The companies have partnered to bring a video inspection training and certification program to automotive schools and colleges throughout the […] [Read More]

HGreg’s Orlando dealership is now two dealerships. The Canada-based dealership group has opened its newest HGreg Lux pre-owned luxury car boutique — inside its existing flagship used-car store in Orlando, Fla. The dealership-within-a-dealership is the fifth HGreg Lux location, joining Miami, West Palm Beach and Pompano Beach in Florida and Costa Mesa, Calif. Like the […] [Read More]

Arrowhead Luxury Cars is celebrating the season of giving by partnering with the Homeless Engagement Lift Partnership to support homeless and displaced families in the Glendale, Ariz., community. The dealership group, which operates BMW, Jaguar-Land Rover, Volvo and INEOS Grenadier stores in Glendale, has been collecting toys for children of all ages and connecting community members […] [Read More]

To borrow from the opening lines of a certain TV franchise, in New York City, sports fans are represented by two separate and often not equally important teams: The Yankees or the Mets. The Rangers or the Islanders. The Giants or the Jets. “But most New Yorkers gravitate to the Knicks, despite the Nets being […] [Read More]

2Autogroup’s rapid expansion continues with its acquisition of Brookshire Hyundai from Bolton Automotive, a transaction announced by Pinnacle Mergers & Acquisitions, which represented the seller. The dealership in the Houston area is the first in Texas for 2Autogroup, which has emerged from its home base in Colorado with the addition of four stores in three […] [Read More]

Kia North Danvers is going green for its one-year anniversary. The dealership in Danvers, Mass., celebrated its first year in operation by installing solar panels to reduce its carbon footprint and promote clean energy. “This amazing community has welcomed us with open arms, and we’re excited to give back,” general manager Bryan Laskin said, “not […] [Read More]

CarMax is ready to go the extra mile to acquire inventory. All the way to the seller’s front door. The national used-car retailer is now offering at-home pickup service, allowing consumers nationwide to sell their vehicle without leaving their home or office. The company also introduced Offer Watch, a new tool that helps customers track […] [Read More]