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Dealer/GM News
Bob Howard Luxury, Preston Automotive, Van Horn Automotive: Dealership Sales Roundup
Bob Howard Luxury Auto Group Acquires Colorado Tractor Dealership The Bob Howard Luxury Auto Group acquired Universal Tractor Co. in Lakewood, CO, from the McCarty family in a deal brokered by Performance Brokerage Services. Bob Howard Luxury Auto Gr
Apr 25, 2024
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Dealer/GM News
Kerrigan Blue Sky Report Details Record-Breaking 2023 Dealership Sales
Kerrigan Advisors just released their 2023 Blue Sky Report that found dealership transactions were up 6% compared to the year before. A total of 397 dealerships were completed and included the third largest transaction in auto retail history—the sa
Apr 22, 2024
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Dealer/GM News
Group 1, Wolfe Automotive Group, McGovern Auto Group, Hawk Auto: Dealership Sales Roundup
Group 1 Purchases UK’s Inchcape Group 1 Automotive entered into a definitive agreement to acquire the U.K. automotive retailing business and related owned real estate from a subsidiary of Inchcape for approximately $439 million in an all-cash tra
Apr 18, 2024
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Dealer/GM News
Spotlight on….. Search Engines MD
As we look to tell the stories about people and the products that support auto dealerships, Digital Dealer is shining the spotlight on companies that help dealers do their job more effectively. We recently interviewed Search Engines MD’s Cody Jerry
Apr 17, 2024
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Dealer/GM News
KBB: New-Vehicle Average Transaction Prices Drop to Two Year Low
It continues to be a buyer’s market for new car customers. An analysis by Kelley Blue Book (KBB) found new-vehicle transaction prices (ATP) in March 2024 were $47,218, down 1% a year ago 5.4% from the market peak in December 2022. S KBB officials
Apr 17, 2024
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Dealer/GM News
Brandt Auto Group Completes Breakup After Gayle Benson Withdraws Compliant
After a complaint by Gayle Benson with the state of Louisiana was withdrawn, the breakup of the Ray Brandt Auto Group is complete. The deals closes a four year legal battle between Ray Brandt’s widow Jessica and his grandchildren over an estimated
Apr 3, 2024
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Dealer/GM News
Dealer Magazine: How to be Profitable During the Collapse of Western Civilization
The banks are tightening up, your near-prime and subprime sources have all but dried up. Interest rates are still high. You were so proud of yourself last year when you knocked that deal out of the ballpark with $10,000 over MSRP with 84 months finan
Apr 2, 2024
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Dealer/GM News
Dealers Bracing for Disruption at Port of Baltimore
Editor’s Note: This story has been updated to note the opening of temporary channels at the port The Port of Baltimore is the busiest in America for shipments of cars. And the deadly accident that brought down the Francis Scott Key Bridge wil
Apr 1, 2024
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Dealer/GM News
Deacon Jones Automotive, Holman, Hudson Automotive Group, Ed Morse Automotive Group: Dealership Sales Roundup
Deacon Jones Purchases First Luxury Import Brand Deacon Jones Automotive recently acquired Sale Auto Mall Stores, located in Kinston, NC. This move marks a significant expansion for Deacon Jones Automotive, based in Smithfield, NC, to solidify its po
Mar 28, 2024