In December, publicly-listed Asbury Automotive Group announced it would acquire certain assets of Park Place Dealerships, a large and very successful collection of luxury franchises in the D... Read more
Shawn Flynn, chief operating officer, and Kevin Shaughnessy, vice president of operations of the Phil Long Dealerships in Colorado Springs, CO have become minority owners of the auto dealers... Read more
Millennials — those born between 1981 and 1996 — are buying cars at a fast rate as they hit their mid- to late-30’s, finds a report by Benchmark Co., says a Bloomberg story... Read more
Auto dealerships can learn from Amazon’s delivery model, including home delivery, says the founder of fleet management tools firm Dealerware, reports Wards Auto. Share this articleLink... Read more
The average transaction price for a new light vehicle in December rose $656 or 1.7 percent compared to the same month in 2018 while falling $80 compared to November, reports Kelley Blue Book... Read more
Publicly-listed Sonic Automotive Group opened its first Echo Park used car dealership in California, in the Southern California city of Long Beach, reports Auto Remarketing. Share this artic... Read more
New light vehicle retail sales are forecast to fall 1.4 percent in 2019 compared to the previous year while average transaction price will set a record in December, according to the J.D. Pow... Read more
The supply of used vehicles will shrink slightly in 2020 and used car values will ebb slightly on the back of worsening credit conditions, among other trends experts see, reports Automotive... Read more