Jackie Charniga Former reporter covering the finance-and-insurance business and auto retailing See All Staff Page Recent Stories Stellantis, Ford, GM and Mercedes-Benz dealerships trade hands in Q4 Stellantis, Ford, GM and Mercedes-Benz dealerships sold in fourth-quarter transactions across Montana, Missouri, New Jersey and Michigan. Ford, Nissan dealerships sell in four states Serra Automotive Inc., Krause Auto Group and first-time franchised dealership buyers were among purchasers of stores in first-quarter and second-quarter transactions. Ford, Stellantis and Cadillac-Buick-GMC dealerships sell in 3 states Five domestic-brand dealerships were sold in the fourth quarter of 2021 and first and second quarters of 2022 in single-store transactions in three states. Ford, Chevy and Chevy-Buick dealerships sell in Q1 acquisitions Three dealerships — Ford, Chevrolet and Chevrolet-Buick rooftops — were sold in first-quarter transactions. The dealerships involved in separate deals are in Pennsylvania, Massachusetts and Wisconsin. Ford, Bentley and Stellantis dealerships sold in 4 states Four dealerships, including an exclusive Bentley dealership, changed hands in single-store transactions in the fourth quarter of 2021 and first quarter of 2022. Staluppi Jr., Kiefer Automotive Group among buyers of dealerships Stores changed hands in Florida, Oregon and Massachusetts. N.Y. dealership settles with former employee over harassment complaints A New York dealership settled with a former employee who filed a lawsuit claiming store management improperly handled her her sexual harassment complaints. PSD Automotive, Envision Motors among dealership buyers A half-dozen dealerships across the U.S. traded hands in December and January transactions. Dobbs Equity Partners, Starling Automotive among dealership buyers Three Chrysler-Dodge-Jeep-Ram dealerships and one Buick-GMC dealership were sold in November and December deals to a private equity firm, expanding dealership groups and first-time dealership buyers. Dealerships sell in December and January in Georgia, Texas, Oregon and North Carolina Jim Hudson Automotive Group bought an Infiniti dealership, while three Ford dealerships changed hands in separate December or January deals. Four dealerships sold in Mo., Pa., Ariz. and Ohio Here's a look at recent transactions involving dealerships that sold in Missouri, Pennsylvania, Arizona and Ohio that sell domestic, import and luxury brands. DE&I advocates, retailers join forces on tough task of getting conversation rolling ESI Trends and the Center for Automotive Diversity, Inclusion and Advancement have formed a coalition to tackle the problem of creating DE&I programs accessible to megadealers and single-store operators alike. F&I opportunities plentiful on CPO sales F&I managers and product experts say wraparound products that complement CPO programs add value — and profitability — to the transaction. Dealers weigh pros, cons of CPO amid chip crisis Despite the added challenges of the pandemic on sourcing inventory and original equipment parts for reconditioning, certified preowned sales are climbing, which is adding value and profitability to dealership F&I offices. FTC dealer case highlights hard bargaining approach The resolution of the Federal Trade Commission's case against the southwest dealership group displayed some hard bargaining on the part of its staff and persistence to obtain relief. Load More
Jackie Charniga Former reporter covering the finance-and-insurance business and auto retailing See All Staff Page