Ford is revising its electric vehicle (EV) dealership program that asked store owners to invest upward of $1 million to sell the vehicle. The “EV-certified” program was announced in September 2022 amid high demand for the vehicles, low supplies

Four days. That is the amount of time that new-vehicle inventory declined, sitting at 74 days when the month of June started according to  an analysis of Cox Automotive’s vAuto Live Market View data. Spurred by Memorial Day Sales, the reduction

Morgan Auto Group Purchases Hollywood Kia in Florida Hollywood Kia has been sold to Morgan Auto Group, according to Haig Partners LLC who served as the exclusive sell-side advisor on the sale. Hollywood Kia is located in Hollywood, FL and was owned b

The Cox Automotive Dealer Sentiment Index (CADSI) remained stable in the second quarter despite dealer uncertainty in politics, market and economy. The Q2 score of 42 released June 10 indicates most U.S. auto dealers see the market as weak, three poi

Kia America is taking a New England dealership group to court, alleging it falsified records that resulted in the owners pocketing in ill-gotten sales incentives of over six figures. Dan O’Brien Auto Group and its top management are alleged to hav

The car dealership business has been an early focus in a key 2024 U.S. Senate race. U.S. Sen. Sherrod Brown (D-OH) first ad of the general election focuses on Bernie Moreno, his Republican Senate opponent in the November election, that has dealers in

Last month, the Federal Trade Commission (FTC) filed its 97 page brief in opposition to the legal challenge to the Combating Auto Retail Scams Rule (CARS Rule) filed by National Automobile Dealers Association (NADA) and Texas Automobile Dealers Assoc

A quarterly report from Haig Partners LLC found that the first three months of 2024 sets a record for the highest number of dealerships bought or sold despite declining profits. An estimated 151 dealerships were bought or sold in January, February an

California-based Gosch Toyota Sold Kerrigan Advisors represented California-based Gosch Auto Group in the sale of Gosch Toyota to Kevin Naderi, general manager of Toyota of Hemet. Gosch Toyota dealership is located in the Hemet Auto Mall, a high-volu