Dealership buy-sell veteran Nate Klebacha has been named managing director of The Presidio Group LLC, an independent merchant banking firm focused on mergers and acquisitions, capital raising and investments in the automotive retail and consumer mobility sectors. Klebacha will focus on Presidio’s dealership mergers and acquisitions business. In his 20-year career, Klebacha has been involved […] [Read More]

Digital automotive marketplace CarGurus has appointed Manik Gupta, a 25-year veteran of the technology sector, to a newly created seat on its board of directors and audit committee. Gupta is currently corporate vice president of Microsoft Teams, which serves more than 300 million users among enterprises, small and medium businesses, consumers and the developer ecosystem. […] [Read More]

Findlay Subaru of Las Vegas been named Subaru Love Promise Retailer of the Year Award by Subaru of America, recognizing the retailer’s ongoing commitment and support to its local community. The eighth annual award honors the Subaru retailer that has shown significant commitment to its customers and community throughout the year, exemplifying the Subaru Love […] [Read More]

This week, Reynolds and Reynolds finalized the second F&I transaction of the year with the aide of Colonnade Securities and its fourth acquisition so far in 2023 with a used-vehicle connection. The latest move involves Reynolds acquiring Xzilon, a provider of protection products for vehicle’s interior and exterior. Xzilon offers exterior protection products (Carbon Ceramic […] [Read More]

Zeigler Automotive Group has acquired four dealerships in Holland, Mich., in a purchase of Elhart Automotive from Jeff Elhart. The dealerships have been renamed Zeigler Kia of Holland, Zeigler Nissan of Holland, Zeigler Hyundai of Holland and Zeigler GMC of Holland. The Kia dealership is the first in Zeigler’s portfolio. Zeigler, based in Kalamazoo, Mich., […] [Read More]

Flexcar and Mercedes-Benz — automotive companies with a strong presence in Atlanta — are working to strengthen their connection to the community through its professional sports teams. Flexcar, a Boston-based vehicle subscription service that began operating in Atlanta in 2021, announced a partnership with the Atlanta Braves. The deal features advertisements in Truist Park, the […] [Read More]

A little more than a month after naming a new CEO, Shift Technologies said Tuesday it is restructuring and reducing its workforce. Shift will also discontinue investment into its dealer marketplace so that it can focus on its core business. The restructuring will reduce Shift’s headcount by roughly 34%, which the company estimates 60% of […] [Read More]

F&I and dealer training provider JM&A Group has created a free career advancement program for women in retail automotive that it says is the first of its kind. The program, geared toward increasing representation and opportunity in the automotive industry, aims to elevate talent and expand opportunities for minority groups by offering free, immersive training […] [Read More]

The latest surveys show American consumers are poised to buy electric vehicles in record numbers as manufacturers race to introduce new electric models into the market. But that’s not the whole picture, according to research from Cox Automotive. While Ernst & Young’s EY Mobility Consumer Index reported that almost half (48%) of U.S. potential car […] [Read More]

Gordon Tormohlen of Tormohlen’s Good People Automotive in Freeport, Ill., was elected as the 74th president of the National Independent Automobile Dealers Association during the recent NIADA Convention and Expo at the Wynn Las Vegas. Tormohlen was elected unanimously, along with a slate of nominees for the remaining positions on the board of directors, at […] [Read More]