The Fed cut interest rates by 25 basis points today, its third rate cut since July. But October’s interest rates were apparently still too high for consumers – that and rising new car prices... Read more
Though October’s total sales will be up compared to a year ago due to an extra selling day, the SAAR will be dragged down slightly due to high interest rates and high vehicle prices, f... Read more
Anthony DiLorenzo of Key Auto Group has acquired Shearer Chevrolet, Inc. in Burlington, VT from Bill Shearer. The dealership features Chevrolet, Buick, GMC and Cadillac and as well as a larg... Read more
Turns out using Lyft or Uber when you have two kids isn’t appealing and people are buying more cars than ever, reports Wired. Share this articleLinkedinFacebookTwitter Read more
The new “A Dealer Guide to High-Tech Vehicle Safety,” published by NADA, aims to help dealership sales staff explain ADAS features to customers, reports NADA. Share this articleL... Read more
Australia’s Autosports Group has acquired the real estate occupied by Mercedes-Benz Hornsby in Waitara, New South Wales for A$12.5 million after acquiring the franchise in August, repo... Read more
Kevin Chernikoff, Seth Severin and Stephen Shane have acquired Adventure Chrysler Dodge Jeep Ram in Willoughby, OH from Evan Fineberg and renamed the dealership Chrysler Dodge Jeep Ram of Wi... Read more
Manuel Prieto has acquired Harris Mazda of Fresno from John Harris and changed the name to Mazda of Fresno. The Mazda dealership will move to the real estate currently occupied by Lithia Sub... Read more
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