Group 1 Automotive has exited Brazil. The dealer group said Tuesday it has closed on the disposition of its operations in the South American country, after nine years there. Group 1’s wholly owned subsidiary GPI SA, LLC closed the sale under the share purchase agreement with Original Holdings S.A. UAB Motors Participações Ltda., which is […] [Read More]

It could be a challenging close to the first half of the year at dealerships on the retail sales front based on the expectations from the experts at Cox Automotive, Edmunds, J.D. Power and TrueCar. Beginning first with the used-vehicle sales forecast from TrueCar, analysts are predicting June used sales to reach … [Read More]

As hot as those fireworks that will explode during the upcoming Fourth of July weekend is dealership M&A activity since two more transactions became public knowledge on Wednesday. Beginning with the McGovern Automotive Group, the New England franchised store operator announced its 20th dealership acquisition during the past five years. Now part of the group […] [Read More]

Many folks love to vacation either in south Florida or Las Vegas. Lithia & Driveway are looking to retail more vehicles to potential buyers who might reside in those locations. The company announced on Tuesday it has expanded its south Florida footprint with the purchase of nine Lehman Auto World stores and two Esserman International […] [Read More]

Dealer Image Pro recently announced results from an industry survey it commissioned to better understand how dealers are using vehicle photography and video to best merchandise cars and trucks in today’s digital retailing landscape.  Dealer Image Pro presented an online survey to more than 3,000 automotive dealer professionals during June. According to a news release, […] [Read More]

This dealership news roundup begins with another Canadian-based group expanding its footprint in the United States. A couple of days after Steele Auto Group finalized an acquisition with Group 1 Automotive, Knight Automotive Group made a deal with the John Elway Dealership Group. According to a news release from Performance Brokerage Services, the firm assisted […] [Read More]

Late on Thursday afternoon, Sonic Automotive chief executive officer David Smith released a statement on the passing of the company’s founder and executive chairman Bruton Smith. “Yesterday, our company’s founder, executive chairman, and my father, Bruton Smith, passed away. He lived a truly remarkable life fulfilling his love for the automobile business, motorsports, philanthropy and […] [Read More]

The dealership news roundup includes a store opening, another rooftop changing hands and a group expanding its leadership team. Let’s begin with more activity within mergers and acquisitions, as Haig Partners served as the exclusive sell-side advisor to Group 1 Automotive on the sale of Sterling McCall Hyundai South Loop in Houston to Steele Auto […] [Read More]

CarLotz is closing 11 of its hubs and three planned locations will not open, the company said Tuesday. The closure of these dealership stores was set to begin Tuesday, with the aim of completing the closures by July 8. The resulting workforce reduction would be an estimated 25% to 30%, CarLotz said. “While decisions that […] [Read More]

Auto Remarketing is proud to celebrate our annual Women in Retail awards, a program sponsored by CarGurus. With these awards, we specifically recognize top leaders on the retail side of the auto industry, including honorees from dealerships, dealer groups and third-party providers/vendors. Honorees will be recognized in the upcoming July issue of Auto Remarketing and […] [Read More]