Recent Stories
Safety advocate drops lawsuit after service bulletins get posted on NHTSA site

The Center for Auto Safety filed the federal lawsuit nearly four years ago because it claimed the DOT had failed to follow a law requiring bulletins and an index of manufacturer communications be made available for the public to search online.
Zeigler Automotive
Zeigler Automotive to buy 3 luxury dealerships near Chicago

The new stores are expected to add 5,000 unit sales a year and $350 million in annual sales for the privately held dealership group in its largest acquisition to date.
ZT Motors has sights set on Southeast for growth plans

The dealership group, owned by a wealth management fund, bought its first stores just five years ago. It expects to add a lot more.
Rick Hendrick adds CEO role at giant dealership group

Rick Hendrick, founder and chairman of the 94-store Hendrick Automotive Group, assumed the additional role following the planned retirement of CEO Edward Brown III, who had served in the post since January 2011. Gregory Gach was also named president of Hendrick Automotive.
Dealership-transaction pace down for Q3

Two companies that track sales and acquisitions note the number of transactions and stores sold during the quarter were down from the same time in 2018, though activity appears to be increasing.
Volvo dealers fight Polestar's plan for sales with only select retailers

Ten dealerships in Illinois are fighting Polestar Automotive USA's plans to work with only select Volvo stores as the subsidiary rolls out electric vehicles in the U.S. Dealer associations in other states are watching closely.
Asbury loads up luxury in $1 billion deal

Asbury Automotive Group's planned purchase of 10 dealerships and other assets from Park Place Dealerships in Texas is among the largest buy-sell transactions in the past decade.
asbury
Asbury to buy luxury dealerships from Park Place in $1 billion deal

The 10 dealerships with 17 new-vehicle franchises will grow Asbury's luxury revenue mix to about 50 percent from 33 percent. Asbury said the acquisition is expected to add $1.9 billion in annualized revenues.
Ex-controller of Fla. dealership charged with embezzlement

Jeffrey Bodkin was charged with one count of felony grand theft of $20,000 to $100,000 and one count of felony fraud. It's the third instance of employee theft Naples Motorsports has faced in the past few years.
Hesterberg
Group 1 buys Lexus dealerships in New Mexico

Group 1 said the acquisitions are expected to generate about $90 million in annual revenue. Terms of the deal weren't disclosed.
Automakers push GPB to sell stores

Some automakers are demanding that GPB Capital Holdings, the majority owner of the 56-store Prime Automotive Group, sell some dealerships or fix noncompliance issues they say have triggered breaches of their dealership agreements.
Retailers prime targets for data theft

Dealership finance and insurance offices — vulnerable targets for hacking or data breaches — are being hit by a rise in cybercrimes.
HGreg.com buys Fla. Nissan dealership from AutoNation

The $75 million acquisition adds one of the largest Nissan dealerships in the U.S. to the Canadian auto retailer's growing portfolio of new- and used-car stores in Florida.
Reynolds
Reynolds and Reynolds sued over alleged data breach deflections

Automotive Capital Ventures, formerly known as TradeMotion, claims the dealership management system giant falsely accused TradeMotion of being responsible for data breaches that resulted in fraudulent credit card charges. Reynolds called the suit meritless.
AutoNation names new CFO

AutoNation Inc., the nation's largest new-vehicle retailer, has named an office-supplies company executive its CFO.