New-vehicle sales were up in the first half of 2023, fueled in part by the continued rise of electric vehicles, according to the latest research from Urban Science. The 2023 midyear Automotive Franchise Activity Report found sales rose by 13% over the same period in 2022, primarily driven by non-retail sales and EV adoption. Based […] [Read More]

Feldman Automotive Group, which owns and operates 18 auto and RV dealerships in Michigan and Ohio, is again partnering with Mark Wahlberg and Corewell Health Foundation-Southeast Michigan to host the Feldman Automotive Children’s Miracle Celebrity Invitational golf tournament. All proceeds from the Aug. 28 event, featuring appearances by more than 50 national and local celebrities, […] [Read More]

Carvana has launched a tool that allows consumers to quickly obtain a valuation on their vehicle and track that car’s value as market conditions change, the online retailer said Tuesday. Carvana Value Tracker uses the company’s proprietary technology and competitive market data to provide the consumer with up-to-date information on what their vehicle is worth, […] [Read More]

AutoNation is getting creative in a way that could potentially solve several issues for the dealer group and its customers. The company’s AutoNation Mobility division is booking what’s dubbed “Micro-Leases,” putting customers into new cars connected to leases lasting six to 12 months. According to the program website, these “Micro-Leases” currently are available only at […] [Read More]

Electric vehicle manufacturer Faraday Future has appointed former CarLotz CEO Lev Peker as a member of its board of directors and chairman of the board’s audit committee, by unanimous vote of the board. Peker is currently CEO of PartsiD, a digital commerce platform for the automotive aftermarket. He previously served as chief executive at CarLotz, […] [Read More]

To conclude our series of Auto Remarketing Podcasts from the NIADA Convention, we talk with Geoff Shepard, who is the independent dealer sales manager at Work Truck Solutions. Shepard and Cherokee Media Group senior editor Joe Overby discuss Work Truck Solutions’ partnership with independent dealers, the state of the work truck/commercial vehicle segment and much […] [Read More]

Buying a car is not like ordering a pizza. But for some Carvana customers, the delivery time might be getting close. The nation’s largest online used-car retailer has launched same-day delivery to select customers who order a vehicle in Arizona, with plans to expand the service to select markets nationwide in the coming months. “Carvana’s […] [Read More]

Electric vehicle manufacturer Rivian Automotive has named John Krafcik to its board of directors. Krafcik is a veteran automotive executive with more than 35 years of experience in the industry, most recently as CEO of Waymo, an Alphabet company that has commercially launched autonomous driving technology in several U.S. markets. He will also serve as […] [Read More]

Tameron Gulf Coast, a dealership group based in Daphne, Ala., has acquired another store in that state with the purchase of Nissan of Mobile from Group 1 Automotive Inc., according to a news release from The Presidio Group, which facilitated the sale. The acquisition gives Tameron Gulf Coast six dealerships along the Gulf Coast, joining […] [Read More]

Owning a Porsche can be an elevated experience. Holman wants the same to be true about buying one. To that end, the global automotive services company has opened the Porsche Studio San Diego, a state-of-the-art retail site focused on delivering a premium automotive customer experience. The studio, located in San Diego’s upscale, open-air Fashion Valley […] [Read More]