The Federal Reserve today announced a 25 basis point hike in the its benchmark interest rate and though it also signaled slower rate hikes in 2019 than previously indicated, “the era o... Read more

2019 new light vehicles sales — led by light trucks — will fall slightly compared to 2018 to 16.8 million units, the National Automobile Dealers Association said. Share this arti... Read more

Herb Chambers Dealerships, with locations on the East Coast, has acquired an open point for a Maserati Alfa Romeo dealership in Rhode Island and will construct a dealership facility in Warwi... Read more

AutoNation is among a group of investors in a G-series $146 million investment in on-line car retailer Vroom, reports Automotive Remarketing. Share this articleLinkedinFacebookTwitter Read more

Dealership sentiment turned pessimistic for the first quarter of 2019 on the back of worries about tariffs, tight inventories, and rising interest rates, found the Q4 2018 Cox Automotive Dea... Read more

CarMax, a large used car dealership company, is piloting an online purchase process at a handful of stores in the Atlanta area with plans for a nationwide rollout by early 2020, reports Jim... Read more

Friendly Auto Group of Poughkeepsie, NY, owned by Eric Kahn, recently broke ground for a new dealership facility at an open point in  Syracuse, NY awarded by the American Honda Motor Co. to... Read more

The Jim Butler Automotive Group of St. Louis, MO commissioned a survey to gauge consumer interest in subscription services and other new ownership models and found 70 percent of 18- to 34-ye... Read more