An out-of-state customer tried to buy a used BMW over the phone from Baumann Auto Group. When the buyer’s credit application came through, Baumann had the buyer take a photo of their driver’s license using QuickScan, a document authentication software from 700Credit. The software informed Baumann that not only did the would-be buyer not live […] [Read More]

Glenda Defas thought she was going to Rick Case Honda to buy a car. Instead, she received the gift of a lifetime. Defas, who lost her previous vehicle in a terrifying carjacking, fell to her knees in thanks when Rick Case Automotive Group president and CEO Rita Case told her the dealership was giving her […] [Read More]

myKaarma has earned Nissan’s seal of approval. The provider of dealership communication and payment software said it has been selected for certification as a partner in Nissan’s NCAR Service and INFINITI’s ICAR-X Service programs, which myKaarma said makes it the “go-to provider” of integrated service systems for the Nissan brands. The company said Nissan and […] [Read More]

There’s a new entry in the dealership buy-sell market. Omega Advisors Inc., a consulting firm specializing in auto dealership mergers and acquisitions, announced its launch. In a news release, the company, led by industry veteran Gerrick Wilkins, said it offers decades of expertise in dealership valuations, strategic planning and transaction management. Omega said Wilkins is […] [Read More]

For El Monte, Calif.-based Longo Lexus, which has ranked among the automaker’s top 10 stores for certified pre-owned sales the past two years and three of the last five, a key driver of success is training the dealership staff on the value of CPO. “Especially Lexus — they have one of the best CPO programs around,” said James Nguyen, the store’s preowned manager. “So, we’re building value, and that’s one of those things that can help us sell the car much easier.” That staff training starts with a philosophy that runs through Penske Motor Group, which ... [Read More]

AutoCanada, fighting to bring itself back to profitability, and CDK, recovering from the financial and reputational sting of a devastating cyberattack, are in it together. The dealership software provider announced a long-term extension of its agreement with AutoCanada, which operates 83 franchised dealerships and six RightRide used car stores in eight Canadian provinces and the […] [Read More]

Group 1 Automotive made two acquisitions in the United Kingdom last week: a dealership and a CEO. The U.S.-based dealership group added Soper of Lincoln BMW/MINI in the county of Lincolnshire, north of London, to its extensive U.K. holdings. Group 1 said the acquisition is expected to generate approximately $125 million in annual revenue. Group […] [Read More]

In North Carolina, particularly the half west of Greensboro, no sport outside of college basketball has as deep of roots as NASCAR. And in the aftermath of deadly and devastating Hurricane Helene, from those roots comes support as solid as an oak — thanks to two homegrown giants of the sport and the respective Charlotte-based […] [Read More]

Carvana has reached a major milestone. The online used car retailer announced Thursday it has sold more than 2 million cars and purchased more than 2 million cars from customers since it was founded in 2013. “Carvana’s mission has always been to change the way people buy and sell cars, and we are honored to […] [Read More]

Numa just got a $32 million boost. The artificial intelligence platform for auto dealerships announced a $32 million Series B funding round, led by Touring Capital, a growth-stage firm focused on AI-powered software, and Mitsui & Co., a global conglomerate that generates $1.2 billion in annual profit from automotive and mobility. Previous investors Costanoa Ventures, […] [Read More]