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      Was stuck ship headed for a Subaru store? (Spoiler: No)
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      A CALL TO ACTION
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      Dialing service customers brings them back
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      On the baby front, Volvo takes the lead
      A standalone showroom is one optional improvement dealers can choose to show off the SUV line. Those who do get a slight increase in Bronco allocation.
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      About 100 Ford dealers to invest in dedicated Bronco stores
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      Joke Is On You
      In case of supply chain woes, break glass
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      Leo Michael Cartoons - Q2 2021
      Leo Michael: There's Nothing You Can Do!
      Nothing You Can Do
      Tesla's 'Technoking'
      Tesla's 'Technoking'
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      Service drive can lift dealerships as source of used-vehicle inventory
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      From doubts to duped: We won't be fooled again
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      Dealing with a drop in LIFO reserves
      VW logo with reflection
      VW lied to sell diesels; now it lied to sell EVs
    • Why Xiaomi holds promise of becoming formidable EV player
      Geely’s new EV push is decidedly new age
      Charging poles installed outside a Tesla store in downtown Shanghai.
      Unreliable public EV charging sites prompt automakers to take wheel
      VW Group's playbook to dominate EV market
    • ‘Voltswagen' April Fools' gag far from funny
      Less is more in lineups as well as on lots
      Electric vehicle charger
      Electric vehicle hype opens door to short sellers
      Address vaccine doubts at work to lead U.S. back
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      There goes VW recycling again
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      Electric is the way to go for mail trucks
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Melissa Burden

Melissa Burden

Reporter covering dealers and the business of auto retailing for Automotive News

[email protected]

313-446-1637

See All Staff Page
Recent Stories
AutoNation
AutoNation buys naming rights to Miami soccer stadium

AutoNation and Major League Soccer's Inter Miami CF club have inked a three-year partnership that includes stadium naming rights, branding rights and more.

O'Steen Automotive Group adds dealership in Georgia

O'Steen Automotive Group purchased Martin Motors in Nashville, Ga. The Chrysler-Dodge-Jeep-Ram dealership offers O'Steen customers more vehicle brand options, the group's president said.

Samer Tawfik
LMP CFO Bernstein resigns after 8 months

LMP Automotive has launched a search for a replacement and CEO Samer Tawfik will fill in temporarily.

Stoler Automotive adds 2 Lexus stores in N.Y.

Stoler bought Atlantic Lexus of 110 in Farmingdale and Lexus of Rockville Centre, both on Long Island.

Village Automotive buys standalone GMC store in Massachusetts

Boston-area Village Automotive Group bought Moore GMC Truck in Danvers, Mass., from Bob Moore and Elaine Moore, who are retiring.

Dealership
LMP inks deal to buy stakes in 2 N.Y. Stellantis stores

LMP Automotive Holdings Inc., with six franchised dealerships in West Virginia, Florida and Tennessee, has aspirations to grow by another 80 to 100 dealerships by the end of 2022.

Llithia
Lithia buys Phoenix-area Nissan store

The nation's third-largest new-vehicle retailer purchased Avondale Nissan in Avondale, Ariz. The store is expected to generate $75 million in annual revenue.

Transactions surge as buy-sell boom rolls on

A fourth-quarter surge in the number of U.S. dealerships sold led to one adviser declaring 2020 a record year. Several experts expect the accelerated pace to continue in 2021.

Mergers and acquisitions central to LMP growth

The new franchised dealership owner wants to add another 80 to 100 dealerships by the end of next year.

LMP Automotive Holdings was founded in 2017 by Samer Tawfik and went public in 2019.
LMP aims to add 80 to 100 dealerships by end of 2022

LMP Automotive, which bought its first six franchised dealerships this month, reported a sharply wider fourth-quarter net loss of $2.56 million on significantly higher outlays for acquisition, consulting and legal expenses.

LMP buys Tennessee dealership, expands into 3rd state

LMP Automotive has closed on another dealership as it ramps up acquisitions.

Terry Taylor buys Toyota store from Prime

The West Roxbury, Mass., dealership is the third Toyota store and among five dealerships Prime is selling as part of a process that began last summer.

Scrutiny of Sonic could fade with Smith case

Criminal charges stemming from an October arrest for felony assault by strangulation were dropped. Will law firm probes of shareholder claims into company management or the board be dropped next?

Store count, throughput down in '20

The number of U.S. dealerships and franchises both fell slightly last year, while average new-vehicle sales per franchise dropped 15 percent amid slumping volume during the coronavirus pandemic.

  • Lincoln, Cadillac trim franchise totals in '20
Lincoln, Cadillac trim franchise totals in '20

The Ford luxury division's franchises dropped by 52 last year to 745 as of Jan. 1. It had more than 1,100 a decade ago. 

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      • Capital One Auto: Dealerships remain vital to an increasingly digital car shopping journey
      • DealerSocket: 5 steps to modernizing the buyer's journey
      • Epic Games: Real-time tech is the next frontier of automotive
      • Epic Games: Transforming the auto industry with digital assets
      • FTI Consulting: Crisis as a catalyst for change
      • Google: 5 trends shaping the auto industry's approach to a new normal
      • Google: Google's dealer guidebook helps dealers navigate today's digital landscape
      • IHS Markit: Automotive loyalty in the wake of the COVID-19 recession
      • IHS Markit: COVID-19: The future mobility delusion
      • Level5: 2020 Automotive E-Commerce Report
      • Motormindz: Toward hyperconnectivity: 5 ways to position your business to profit from connected car
      • Naked Lime: Bring social reputation together as part of big-picture marketing
      • Wells Fargo Auto: Switching gears from LIBOR to SOFR
      • Ally: Do It Right
      • DealerSocket
      • Deloitte: Cyber everywhere: Preparing for automotive safety in the face of cyber threats
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      • PayPal Credit: How consumer financing helps drive sales for online auto parts retailers
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