4+ day, 15+ hour ago   (512+ words) In Cox Automotive’s latest survey of sentiment, dealers cited affordability pressures, rising inflation, higher interest rates and economic uncertainty as key factors for what amounts to a decline. The Q3 Automotive Dealer Sentiment Index survey was conducted between July 22 and Aug....

2+ mon, 1+ week ago   (678+ words) A dealer partner across the street from the auto group’s latest CDJR acquisition made the store attractive, President Matt Serra said. Serra Automotive Group in June acquired its fifth Chrysler Dodge Jeep Ram store in Michigan. Its past success with…...

3+ mon, 1+ week ago   (997+ words) Penske, Group 1 and Lithia have shown it isn’t just acquisitions that drive shareholder performance. Giant dealership acquisitions get headlines, but the big dealership groups like Penske Automotive also selectively sell a fair number of dealerships. In the first quarter of…...

3+ mon, 3+ week ago   (784+ words) New co-owner Ivette Dominguez Drawe is counting on an inventory boost to kick-start sales. Alpine Automotive Group of Denver in February acquired Len Lyall Chevrolet in nearby Aurora. The store is Alpine’s first Chevrolet franchise, and it brings the group’s…...

4+ mon, 3+ week ago   (809+ words) The deal with Umansky Auto Group also included Audi, Land Rover and Honda dealerships in Livermore. When Todd Blue, CEO of LAPIS Auto Group, closed his purchase of Ferrari of Rancho Mirage a few months ago, he told WardsAuto that…...

6+ mon, 1+ week ago   (574+ words) The move will consolidate the automaker’s certified pre-owned vehicle sales under a single, nationwide omnichannel platform for car shoppers. GM launched the CarBravo online marketplace in early 2022 as a way to grow its used vehicle sales. The online marketplace allows…...