A news release from Colonnade Securities distributed on Wednesday mentioned the advising of Streamline Recon, which was acquired by SolutionWorks, a leading provider of automotive reconditioning services jointly owned by Alitus Capital Partners and Concentric Equity Partners. The announcement indicated SolutionWorks will be partnering with the Texas-based automotive reconditioning company focused on the automotive dealership […] [Read More]

About a month after its launch, Automotive Reinsurance Concepts added more resources to Independent Dealer University (IDU), a subscription-based online education platform designed to put “next-level” training easily within reach of independent retail dealerships of all sizes. Now available is Tusker Tracks, IDU’s free online publication that features content from industry experts covering all areas […] [Read More]

In this special episode of the Auto Remarketing Podcast, we feature a presentation from LotPop chief operating officer John Anderson at Used Car Week, which discusses the following topic: "Race to the Top, Not the Bottom: Strategies to Help Maintain Gross and Volume." Stay tuned for more podcasts from UCW as they become available. To […] [Read More]

This dealer group news roundup includes an enhancement to the service drive at Leith as well as the philanthropy efforts by Jim Ellis. The culmination of a more than two-yearlong construction boom at Leith Auto Park Wendell in North Carolina has ramped up the dealership’s commercial truck service business. “We’ve added service bays, techs and […] [Read More]

Dealers likely know how closely owners bond with their trucks, giving them unique names and adding a variety of accessories. Brothers Travis and Jason Kelce who will be playing in Super Bowl LVII for the Kansas City Chiefs and Philadelphia Eagles, respectively, understand that owner-truck bond, too. It’s why the NFL All-Pro players are both […] [Read More]

In this special episode of the Auto Remarketing Podcast, we feature a panel discussion from Used Car Week on "The New Consumer Journey Horizon" in auto retail. Moderated by Kraig Quisenberry of ACV, this panel includes Nick Johnson of Luther Automotive, Nate Myers of Performance Automotive, Allen Chery of Larry H. Miller Dealerships, Shaun Hopper […] [Read More]

Shift, which merged with CarLotz in 2022, is ending its operations of the East Coast CarLotz stores it obtained in that merger and will instead put its efforts toward developing omnichannel capabilities at its other locations and focus on its path to profitability, the company said Thursday. A local dealership group is taking on the store leases, […] [Read More]

North Carolina-based Team Automotive Group has added a store from the Palmetto State next door. The retailer said Thursday it has closed on its deal to acquire to Addy’s Harbor Dodge Ram Fiat in Myrtle Beach, S.C., which is Team Automotive’s first store in South Carolina. With the purchase, the group now has seven stores […] [Read More]

A couple of developments surfaced this week after the National Automobile Dealers Association wrapped up NADA Show 2023. First, NADA welcomed the reintroduction of the Preventing Auto Recycling Theft (PART) Act (S. 154) by four U.S. Senators. Then, the association’s workforce initiative received a $30,000 donation from Assurant. NADA explained the PART Act would assist […] [Read More]

Along with announcing the winners of the 6th annual Women Driving Auto Retail Contest, the National Automobile Dealers Association revealed the upcoming start of a program aimed at addressing one of the most pressing needs at dealerships. On Friday at NADA Show 2023 in Dallas, officials from NADA, National Urban League and Urban League of […] [Read More]