Retail

Dealer news: Acquisitions in Texas, N.J.; dealer makes ‘Mighty’ big auto parts deal

A major dealership group just got a little bigger. Keating Auto Group, one of the largest dealers in Texas, has acquired Buckalew Chevrolet in Conroe, Texas, a transaction announced by Kerrigan Advisors, which represented the seller. Keating, based in Victoria, ... [Read More]
acquisition

Wholesale

Carvana launches 4th auction-recon Megasite, first on East Coast

Kansas City. Houston. Las Vegas. And now: Boston. Carvana announced last week that it is planning for an auction and reconditioning Megasite at its ADESA Boston location, which will include Carvana’s Inspection and Reconditioning Center (IRC) capabilities at the existing ... [Read More]

Technology

Reynolds joins with Skaivision, aiming for greater service department efficiency

Reynolds and Reynolds has a vision. A Skaivision, to be precise. The dealership software provider announced a collaboration with Skaivision, creator of “smart space” computer vision artificial intelligence software for auto dealerships, that includes an investment in the company. In ... [Read More]

Financial

EFG launches program that guarantees PRU increase for dealers

With dealership profitability down over the past two years, EFG Companies wants to give auto dealers a way to boost their personal wealth creation strategies. To that end, the F&I and reinsurance provider has introduced its Wealth Builder Profit Participation ... [Read More]

Analysis

CARFAX adds month-over-month data to used-car price index; how that plays out in November

The degree to which a vehicle’s price changes month-over-month might be more telling, in some cases, than the year-over-year change. Especially if that month follows a U.S. presidential election. With that in mind, CARFAX has added month-over-month insights to its ... [Read More]

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