Group 1 Automotive has added another location to its collection — this one in the resort area of Hilton Head, S.C. The dealership group announced the acquisition of Modern Classic Motors, which includes Mercedes-Benz, Sprinter and Honda franchises. The acquisition, which gives Group 1 17 Mercedes-Benz franchises and 13 with Honda, is expected to generate […] [Read More]

Toyota Motor Corp. once again rules the roost when it comes to resale value, sweeping top honors in both brand categories of Kelley Blue Book’s 2024 Best Resale Value Awards for the third consecutive year. The automaker’s signature brand, Toyota, won the top prize of Best Resale Value: Brand, and its sibling, Lexus, again earned […] [Read More]

Coinciding with International Women’s Day, Nissan highlighted a pair of success stories on Friday from one of its franchised stores in the Southeast. One recapped the success within a family legacy, while the other highlighted the success of a salesperson originally from Central America, prompting her to say the car business “changed my life.” Nissan […] [Read More]

Justin Osburn, founder and CEO of Automotive Reinsurance Concepts and SmartGroups: 20 Groups Reimagined, returns to the Auto Remarketing Podcast fresh off a SmartGroup meeting that included some of the nation’s largest independent dealers. Osburn talks with Cherokee Media Group associate editor Andrew Friedlander about areas those dealers focused on, including opportunities in fixed ops […] [Read More]

Car-shopping marketplace and dealer reputation site Cars.com named the winners of its annual Dealer of the Year Awards, honoring dealers based on average star rating, total number of reviews and the dealer’s response to those reviews. The company selected 987 winners from the more than 50,000 U.S. and Canadian auto dealers with profiles who had […] [Read More]

A new online automotive marketplace is focusing on the large and growing Hispanic market. Autogozo.com, launched by digital auto sales technology provider izmocars, is a Spanish-language auto portal that seeks to bridge the gap between Hispanic car buyers and dealers. “With millions of Hispanic buyers actively searching for their next car, we recognized the urgent […] [Read More]

A recently sold dealership has changed hands once more. Koons Wilmington Lexus in Wilmington, Del., has been acquired by Maryland-based MileOne Autogroup, which purchased the store from Asbury Automotive Group, according to the Presidio Group, which represented the seller in the transaction. It was the second sale of the store in three months. Asbury took […] [Read More]

Karma Automotive, a Southern California-based “ultra-luxury” electric vehicle manufacturer, has acquired the technology assets and IP of software company Airbiquity, based in Seattle. Karma said it has also hired Airbiquity’s key technical employees and assumed its OEM contracts. The acquisition gives Karma access to Airbiquity’s connected vehicle systems, including over-the-air updates, software development tools, data […] [Read More]

While one-third of Americans say they have experienced issues such as deceptive selling, hidden fees or dishonest salespeople at car dealerships, more than three-fourths don’t trust dealerships to be honest about their prices, according to a survey released by KPA, a provider of compliance consulting and training for auto dealerships. The 2024 KPA Dealership Trust […] [Read More]

Automotive BDC software provider Volie has become the latest industry vendor to join FordDirect’s The Shop. The Shop, launched in January, is an e-commerce platform created by FordDirect — a joint venture between Ford and Lincoln dealers and Ford Motor Company — to offer dealers access to vetted vendors with pre-negotiated prices for products and […] [Read More]