Penske Automotive Group is continuing its expansion in Australia. The global automotive giant announced it’s adding another location Down Under with an agreement to acquire Porsche Centre Melbourne from Porsche Retail Group Australia Pty Ltd. The new addition will be Penske’s third Porsche store in Melbourne and its 25th worldwide. In a news release, Penske […] [Read More]

Where a Megasite arises, Carvana’s same-day vehicle delivery service is soon to follow. The online used-car retailer introduced Houston as the latest market in which select customers can take delivery of a vehicle purchase as soon as the same day they place an order on Carvana.com. Not coincidentally, it’s also the location of a Carvana […] [Read More]

The CAR Group is fixin’ to saddle up and ride into Dallas again. The dealership group, which operates 20 locations under the Norm Reeves brand in California, Florida and Texas, has acquired Cowboy Toyota in Dallas, according to Kerrigan Advisors, which worked with the seller in the transaction. The dealership, which has been owned by […] [Read More]

In addition to its current chair imploring franchise dealers to continue participating in hurricane relief efforts, the National Automobile Dealers Association announced its next round of leadership succession. Castriota Chevrolet owner Tom Castriota, who is currently NADA’s vice chairman, will succeed Gilchrist Chevrolet Buick GMC president Gary Gilchrist as 2025 NADA chairman. Elected 2025 vice […] [Read More]

he used-car business is tough for many dealers these days. Volume is down across the board. Economic conditions are far from ideal, and consumers are feeling anxious. The competition to acquire the right kind of inventory is intense. Steven Toyota isn’t immune to that pressure, but its used-car business is thriving thanks to ... [Read More]

The last Beyer was the seller in a transaction that marked the end of the Beyer Automotive Group. Mike Beyer has sold the Virginia-based dealership group’s eight stores in two separate transactions in a span of six weeks, according to Haig Partners, which served as Beyer’s advisor in the sales. The group’s five dealership locations […] [Read More]

Swickard Auto Group has added a fourth Toyota dealership to its roster and expanded its presence near San Francisco. The retailer said Wednesday it has purchased Toyota 101 in Redwood City, Calif., which has been renamed Swickard Toyota 101. “We are incredibly excited to welcome the talented team at Toyota 101 to the Swickard family,” […] [Read More]

When Phoenix Raceway hosts the NASCAR Cup Series Championship next month, Carvana and its home state of Arizona will be front-and-center for driver Jimmie Johnson’s No. 84 Toyota. The online used-car retailer partnered with Johnson and LEGACY MOTOR CLUB for Carvana’s Fan Design Contest, which gave fans the chance to design the paint scheme for […] [Read More]

The Clement Auto Group has acquired Marty Cancila Dodge Chrysler Jeep Ram in Florissant, Mo., according to the Tim Lamb Group, which brokered the transaction. A news release indicated the dealership near St. Louis now will operate as Clement Chrysler Dodge Jeep Ram Florissant. Tim Wild, director of the Midwest and Plains Region for the […] [Read More]

The North Carolina Automobile Dealers Association’s relief efforts for those affected by Hurricane Helene received a big boost from dealers in the Fayetteville area of the state. The association said in a LinkedIn post Monday that the Fayetteville New Car Dealers Association donated $25,000 to the NCADA Disaster Relief Fund to help North Carolinians in […] [Read More]