James (Jimmy) Lapointe has sold five of his six dealerships in Pembroke, Petawawa and Renfrew, Ontario, Canada. He has been in the car business for 30 years and is a true entrepreneur. Jimm... Read more
Haselwood Auto Group of Bremerton, Wash. will acquire the Parr Auto Group, which includes Ford, Mazda, Hyundai, and Volkswagen franchises, also in Bremerton, reports the Kitsap Sun here: Sha... Read more
Maryland-based DARCARS Automotive Group is shopping for single-point dealerships and dealership groups nationwide, CEO John Darvish says, reports Automotive News here: Share this articleLink... Read more
I am sitting in the crowded media room of the Los Angeles Auto Show as I type. A stroll through the stands at the show revealed no “green” cars though of course there were a few plug-in hybr... Read more
By Alysha Webb, Editor and Publisher One of the “Top Ten Automotive Startups” at Connected Car Expo, held just before the Los Angeles Auto Show, was GetAround, a company that creates softwar... Read more
By Richard H. Kotzen, CPA Of the various factors fueling today’s vigorous merger and acquisition (M&A) activity among auto dealerships, one of the most interesting – and often one of the... Read more
Acura Sherway in Toronto, On. Canada has been acquired by John Leeder,who is also owner of two Volkswagen dealerships in Toronto. The seller was Chesswood Group Ltd.. Dealer Solutions Canad... Read more
The National Automotive Dealer Association forecasts new light car and truck sales in 2016 will rise 2.3 percent compared to 2015 to hit 17.7 million units, helped by continued low interest... Read more
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