M&A expert Dave Cantin on how today’s dealership acquisitions are shaping the future
2021 has been a record year for mergers and acquisitions in retail automotive. We’ve seen quite a bit of activity, so what does this mean for the year ahead? And...
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GM72.630-0.47%
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GM72.630-0.47%
F13.0600.03%
RIVN12.900-0.45%
CYD50.420-0.02%
HMC25.3200.11%
TM185.470-1.9%
CVNA63.415-2.605%
PAG156.460-3.29%
LAD257.090-7.8%
AN178.590-3.35%
GPI305.470-11.71%
ABG177.5001.22%
SAH72.870-1.19%
TSLA404.110-5.88%
GM72.630-0.47%
F13.0600.03%
RIVN12.900-0.45%
CYD50.420-0.02%
HMC25.3200.11%
TM185.470-1.9%
CVNA63.415-2.605%
PAG156.460-3.29%
LAD257.090-7.8%
AN178.590-3.35%
GPI305.470-11.71%
ABG177.5001.22%
SAH72.870-1.19%
Auto News
As more Americans choose EVs, price and range continue to hold back the market, according to new Cox Automotive study
ATLANTA, Nov. 16, 2021 – Sales of battery-powered electric vehicles (EVs) in the United States are on track to set an all-time record in 2021, with sales up more than 88%...
As incentives drop and prices rise, how can dealers convert shoppers to buyers?
For the first time as an industry, the average transaction price for new vehicles scratched its way across the $46,000 mark according to Kelley Blue Book data. At $46,036, it’s...
Sonic Automotive continues expansion of its franchised dealership network with the acquisition of Cook Volkswagen
CHARLOTTE, N.C. – November 9, 2021 – Sonic Automotive, Inc. (“Sonic” or the “Company”) (NYSE:SAH), a Fortune 500 Company and one of the nation’s largest automotive retailers, today announced the acquisition of...
CARS acquires CreditIQ Automotive Fintech Platform, enabling instant financing for consumers, dealers and lenders
Transaction Highlights:
Advances CARS’ growth strategy and expands TAM into the multi-billion dollar Auto Finance segment, which is rapidly growing as online car buying transactions accelerate
Builds additional revenue streams...
Are high prices prompting bad customer reviews?
If you speak with a local Southern California Audi salesperson, he'll tell you that the cars they have are selling at list price. And that would be okay to most...
Hertz names Mark Fields as Interim CEO
ESTERO, Fla., Oct. 5, 2021—Hertz announced today it has named Mark Fields as interim CEO and Paul Stone as president and chief operations officer, as the company accelerates its commitment to lead the future of...
Market Scan’s Rusty West on how car dealers can differentiate themselves from other online retailers
It is clear that consumers’ actions drive change. Consumers prefer to buy a vehicle from their couch, or at the very least, shop for a car online and complete it...
Report says Lordstown will sell Ohio plant to Foxconn
Electric pickup truck makers Lordstown Motors is positioned to sell their plant in Ohio to Foxconn Technology Group out of Taiwan, according to reports. A deal is imminent, according to...
Asbury Automotive Group to acquire Larry H. Miller Dealerships in $3.2B deal
DULUTH, G.A., Sept. 29, 2021— Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., entered into a definitive agreement with Larry H. Miller Group of...
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