The Foundation Automotive Corp. of Calgary, Alberta, Canada acquired two Chrysler Dodge Jeep Ram dealerships in the last quarter of 2018 and looks to close seven more acquisitions in the fir... Read more
Publicly-listed AutoCanada Inc. auto dealership group has acquired the Rose Ford dealership in Windsor, Ontario, Canada from John and Sophia Chisholm. The dealership name will remain Rose Fo... Read more
Publicly-listed AutoCanada Inc. is suing its former CEO and chairman Patrick Priestner over his acquisition of some dealerships through his own company while working for AutoCanada, but Prie... Read more
Fed chairman Jerome Powell has indicated interest rate increases are on hold for the time being, which pleased the markets. The rate increases that occurred in 2018 have impacted the retail... Read more
Dealership groups expand through acquisition or, less frequently, by obtaining an open point from a manufacturer. After initially growing through acquisition, Friendly Automotive Group in Ne... Read more
The average interest rate on a new vehicle loan hit 6.19 percent in January, the second highest in 10 years, and zero-percent financing offers all but evaporated, reports Edmunds.com. Share... Read more
By Dale Huggins, Total Dealer Solutions Service parts, fixed assets — such as dealership-owned office equipment, phones, and furnishings – and special tools account for hundreds of th... Read more
The Bill Estes Automotive Group in Brownsburg, IN, which includes Bill Estes Chevrolet, Bill Estes Ford, Bill Estes Chrysler Dodge Jeep Ram, and Bill Estes Chevy Buick GMC, will be acquired... Read more
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