Atlanta will become Group 1 Automotive’s second-largest market with the billion-dollar purchase of Hennessy’s Automobile Companies’ 10 dealerships. +
Kerrigan Advisors’ Q1 Blue Sky Report finds multistore deals and soaring valuations helped drive a record 478 transactions over the past 12 months. +
Autoblog’s Leroy Marion reports on the “full replica” of a Georgia Lexus dealer’s online presence that convinced a would-be customer to pay $77,300 for a nonexistent vehicle. +
Multiple sources report Carvana has acquired Avon Lake (Ohio) Chrysler Dodge Jeep Ram from Elliot Schor and Scott Zuckerman, who owned the suburban Cleveland dealership for less than a year. +
MINI leads all mass market brands and Porsche remains the overall leader in dealership service customer satisfaction in JD Power’s latest report, which finds room for improvement in several key metrics. +
New Country Motor Car Group executives say they are in luxury dealership acquisition mode despite the sale of three New York Metro franchises to Keeler Motor Car. +
Winter storms couldn’t stop U.S. Hyundai and Kia dealers from setting new January records in a month marked by appreciable gains driven by premium-division sales. +
More than 1 million U.S.-sold and Panoramic View Monitor-equipped Toyota, Lexus and Subaru units are subject to a new recall due to an issue with rearview camera images. +
Automotive News reports U.S. new vehicle sales registered a 1.2% overall improvement in October despite waning EV demand, led by increases for Toyota, Ford, Honda and Kia. +
Toyota, Hyundai and Ford lead in year-over-year gains in Automotive News’s Q3 and September sales reports, which show a boom for electrified units and welcome news for Stellantis dealers. +
