Dealers

Asbury CEO Monaghan will retire; COO Hult moves up

Asbury Automotive CEO Craig Monaghan will step down Jan. 1 after nine years leading the public dealership group. COO David Hult will replace him.

Dealer anniversaries

Dealers featured this week include Bill Siever, president of Siever Brothers in Carlyle, Ill.; Dealer Bill Gatton of Bill Gatton Chevrolet-Cadillac in Bristol, Tenn.; Gary Duncan, dealer principal of Duncan's Hokie Honda in Christiansburg, Va.; Dealer principal Nelson Bowers II of Toyota of Cleveland in McDonald, Tenn.; and the Jim Ellis Automotive Group of Atlanta.


N.Y. holdback ruling favors Maserati store

A judge in New York has sided with a Maserati dealership, saying changes to holdback payments constitute modifications to a franchise agreement.

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