In the proposed deal with Larry H. Miller Dealerships, Asbury gets 54 new-vehicle dealerships, seven used-vehicle dealerships and 11 collision centers.
Customers who check themselves in at a kiosk and leave their keys are issued a QR code that’s unique to them. After service is completed, the customer scans the QR code off their mobile phone, and the corresponding...
The seasonally adjusted annual rate for total August light-vehicle sales was just 13.1 million, says Charlie Chesbrough of Cox Automotive, and it was the fourth month in a row the SAAR declined from the previous month.
Founded in 2018, RepairSmith counts Mercedes-Benz and Porsche among its investors. But that does not mean those automotive brands would make RepairSmith part of an OEM-backed plan to have dealers offer mobile service.
Sonic projects 2025 revenue of $14 billion for EchoPark, vs. $1.4 billion for 2020. Sonic expects EchoPark stores to make less gross profit per unit retailed but make it up on volume.
An anomaly in the second quarter is that while prices are generally perceived to be up, the average new-vehicle loan amount for the second quarter of 2021 actually declined almost $1,000 vs. a year ago, to $35,163.
TransUnion says auto delinquencies of 60-plus days accounted for 1.23% of the amount outstanding as of the end of the second quarter. That’s an improvement over a delinquency rate of 1.51% a year ago, in the depths of...
With the new generation of connectivity, on such vehicles as the new Ford F-150 or the Ford Mustang Mach-E, Ford can identify and potentially fix a problem much faster, via over-the-air software updates.
The U.S. light-vehicle forecast for 2021 is now about 16.5 million units – down from 17 million – says LMC Automotive’s Jeff Schuster at this week’s CAR Management Briefing Seminars in Traverse City, MI.