The privately-owned Rairdon Auto Group, located in the Seattle, Wash. area, has acquired Jay Lee’s Honda of Sumner, also in the Seattle area. It will be re-named Honda of Sumner. This... Read more
I just read that investment bank CLSA downgraded Tesla’s stock two notches to Underperform. That slap wasn’t based on its dealership model, however. Rather, it was based on a belief that the... Read more
By Paul McGovern, CPA, Managing Partner, Downey & Company You may be reading about how hot the buy sell business is right now, but many of those deals involve large dealership groups. Me... Read more
By James Hendricks, attorney, Litchfield Cavo LLP After the Great Recession of 2008, dealers who got involved in Asset Purchase Agreements may have unwittingly discovered that union issues p... Read more
Web-enabled cars. led by Tesla, will become the norm by 2021, according to IHS, though some automakers are struggling to find a good supplier of that technology, reports CBS Money Watch here... Read more
A Time magazine tech reporter speculates on the reasons behind Silicon Valley’s sudden fascination with cars here: Share this articleLinkedinFacebookTwitter Read more
Investment bank CLSA has downgraded Tesla stock two notches to Underperform, citing concerns over lower margins from the yet-to-be-launched Model X SUV, reports StreetInsider.com here: Share... Read more
Bergstrom Chevrolet of Madison has opened in a new facility in Madison, Wis. after being acquired by the Bergstrom group. The dealership was previously called Stark’s Chevrolet and lo... Read more
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