Carbone helps Lithia expand in NortheastMon, 19, Sep 2016
Acquiring the nine-store Carbone Auto Group gives Lithia Motors its first dealerships in New England.
Lithia buys Carbone Auto Group, boosts Northeast presenceTue, 13, Sep 2016
Lithia Motors has bought the Carbone Auto Group in a deal estimated to produce $600 million in annual revenue. It also expands Lithia's operations to Vermont, while adding to its existing New York stores.
EchoPark marketing strategy: Get them while they're youngMon, 19, Sep 2016
As Sonic Automotive expands its used-vehicle-only EchoPark stores across the U.S., its grass-roots marketing targets future customers when they're young. Driver's education programs and sponsoring high school sports are among the ways it aims to get its brand in front of teens and their parents.
Market share for subprime auto lending declined in Q2Tue, 06, Sep 2016
Subprime loan share is declining despite chatter around a subprime bubble, Experian said today in its second-quarter State of the Automotive Finance Market report. Subprime and deep subprime share of new and used loans and leases dropped to 22.8 percent in the second quarter, compared with 23.3 percent a year ago.
Walser aims for big growth with Wichita acquisitionMon, 05, Sep 2016
Walser Automotive of Minnesota is growing in a big way after acquiring seven luxury stores in Wichita, Kan. It's another example of bigger groups being sold to well-financed buyers.
Roundtree lines up an outside backer for its acquisitionsMon, 05, Sep 2016
Roundtree Automotive Group has partnered with outside investors, giving it a bigger wallet as it looks for acquisitions.
O'Dell named president of Cox Automotive floorplan loan unitThu, 01, Sep 2016
Shane O'Dell, 46, has been named president of Cox Automotive Financial Solutions, effective Oct. 1. The current senior vice president of Vehicle Solutions at Manheim replaces Brian Geitner, who recently became president of Cox Automotive Media Solutions Group.
Autotrader partners with MSN Autos to provide online vehicle shopping infoTue, 30, Aug 2016
Autotrader is partnering with MSN to provide new, used and certified pre-owned vehicles on the MSN Autos website.
TrueCar to help Avis Budget sell used carsMon, 29, Aug 2016
A partnership between Avis Budget and TrueCar is helping the rental-car company sell more retired rental cars directly to consumers for more money than it can get from selling the vehicles at traditional auto auctions.
Lack of managers ready to run stores stalls some buy-sellsMon, 29, Aug 2016
Buyers looking to acquire dealerships are facing a personnel bottleneck in the form of a shortage of qualified and available individuals to run the acquired stores. To cope, some would-be buyers are stepping up efforts to groom future managers.