Innovative Dealers

Texas auto auction company acquired by Capital Partners for XLerate Group

Huron Capital Partners, a Detroit investment group, has acquired a Texas-based auto auction for one of its portfolio companies, the Indianapolis-based XLerate Group, which runs online and onsite auto auctions.

GM: All four brands deliver as sales rise 10%

General Motors posted its largest year-over-year U.S. sales increase of 2016, as all four brands achieved retail gains but fleet deliveries rose for the first time in more than a year.

Penske acquires used-only dealership group

Penske Automotive Group is adding used-only vehicle dealerships. The nation’s second-largest auto retailer has signed a deal to acquire CarSense, a stand-alone retailer of used vehicles with stores in Philadelphia, Pittsburgh and southern New Jersey.

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