Private equity helped fund the recent acquisition of the Ron Tonkin auto group by Gee Automotive, and the acquisition of dealerships in Arkansas from Asbury Automotive Group by McLarty Auto... Read more
Consumers find their online and offline experiences are poorly integrated and consumers who spend more time online shopping for a vehicle visit a dealership more often though for shorter tim... Read more
Despite its reputation being scarred by a scandal involving using software to hide the extent of diesel emissions in some of it Volkswagen and Audi vehicles, Volkswagen AG saw sales rise 7.9... Read more
Park’s Motor Group in Scotland reported a nearly 25 percent boost in the 2016 fiscal year due to the acquisition of the 12-dealership Macrae & Dick group and Menzies Motor Co., re... Read more
Aided by surging demand for SUVs, Daimler AG’s Mercedes-Benz brand has taken the lead in global luxury brand sales, a position it lost to rival BMW in 2005, but is likely to retain thr... Read more
Smith Motor Cars of Charleston, W.V. , which includes Mercedes-Benz, Volvo, Land Rover, and Jaguar franchises, has been acquired by Astorg Motor Company of Parkersburg, W.V., reports the Cha... Read more
Propelled by demand for SUV and trucks, new vehicle transaction prices hit a record high of $34,077 in 2016 and will rise to $35,000 in 2017, says Edmunds.com. Leasing has made higher-priced... Read more
By Ira Silver, CPA, CGMA A few months ago, I wrote a speculative column on what the relative tax/economic plans of the two major party candidates could have on the Auto Industry in general,... Read more
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