Qvale Auto Group is down to its last two dealerships with the sale of two stores in the Tampa, Fla., area. According to The Presidio Group, which advised the seller in the transaction, Atlantic Coast Automotive, a large dealership group that operates some 90 dealership locations in Florida, Maryland, Pennsylvania, Virginia and New York, has […] [Read More]

Corwin Automotive Group likes Colorado Springs so much it bought another dealership there. The Fargo, N.D.-based dealership group has acquired Groove Honda in Colorado Springs. Colo., according to Pinnacle Mergers and Acquisitions, which advised on the transaction. The dealership, which has been renamed Corwin Honda of Colorado Springs, is Corwin’s second in the market, joining […] [Read More]

In 2012, Colin Li moved to Newark, N.J., from Hangzhou, China to study computer science with a career of goal of landing a computer programmer job with the likes of Microsoft or Google. Today, Li holds a master’s degree in computer science from the New Jersey Institute of Technology and is currently pursuing an MBA at New York University on a part-time basis. But his career path took a sharp turn ... [Read More]

Dalton Motors operates 50 auto dealerships in Mexico and three in the United States. But if you ask the company’s CEO Juan Carlos Rodriguez Villava about the Mexico dealerships, he will tell you he likes to think of his company in different terms. He elaborated on that as he talked about winning the International Dealer Group of the Year award, presented by Mach10 Automotive. The dealer group will be recognized at Used Car Week later this month. “We like the name, ‘international,’ but we like more the name North America,” said Villava, who works out of the company’s dealership group in National City in southwestern San Diego County, Calif. “I was born and raised proudly in Mexico, schooled here in the U.S., also have some school in Canada, so I personally feel like there’s no better region in the world than North America, for those three countries as a region.” He continues on that theme when asked to ... [Read More]

Delaware-based Winner Automotive Group added to its holdings in its home state with the acquisition of Diver Chevrolet in Wilmington from the Diver family. The dealership, now called Winner Chevrolet, becomes Winner’s sixth location in Delaware, joining Audi, Ford, Hyundai, Subaru and Volkswagen stores. Winner also operates Ford, Jaguar, Land Rover, Volvo, Porsche, Bentley, MG, […] [Read More]

Fleet owners in the Chicago area and northern Illinois can now get cash back when they buy pre-owned electric vehicles. ComEd, the area’s electric utility company, has extended its business and public-sector fleet EV rebate program to include used electric fleet vehicles and repowered battery electric vehicles as well, to help reduce the costs of […] [Read More]

The latest act in AutoNation’s longstanding initiative to support the fight against cancer is sure to have people dancing for joy. The nationwide auto retailer surprised former professional ballerina Anna Wassman-Cox, a two-time breast cancer survivor and founder of the nonprofit Onco-Ballet Foundation, with a $25,000 donation to support cancer patients and survivors through the […] [Read More]

Carvana is moving full speed ahead — and still accelerating. The online used-car retailer announced its financial results for the third quarter of 2024 this week, showing “record performance in virtually every key financial measure,” according to its letter to shareholders. Those measures include a net income of $148 million with a net income margin […] [Read More]

No dealership group has been more active in acquiring new locations than Group 1. So far in 2024, the Houston-based company has added nine new dealerships in the U.S., with acquisitions in Maryland, California and South Carolina that added an expected $1 billion in annual revenues. And it has exploded in the U.K., doubling its […] [Read More]

Ernestina Valdes was given a tremendous gift from a California car dealership. But it wasn’t best gift she received. Salinas Honda in Salinas, Calif., presented Valdes with a 2024 Honda Civic Sport Sedan as the winner of a raffle benefitting the American Cancer Society in conjunction with the organization’s Relay For Life of Salinas Valley. […] [Read More]