Canada’s Go Auto has entered its second U.S. market in less than a month with the acquisition of Sunrise Ford Fontana and Sunrise Ford North Hollywood from Knight Auto Group. +
Canada’s Go Auto has acquired all three of Car Pros Automotive Group’s dealerships in the state of Washington, reducing Car Pros’ footprint to its six California stores. +
Cox Automotive’s Q4 Automotive Dealer Sentiment Index finds dwindling optimism among retailers as escalating costs, prices and uncertainty affect profits and consumer confidence. +
Automotive News’s latest U.S. new-vehicle sales report shows slowing EV sales in the wake of an expired federal tax credit, offset by steady demand for trucks and hybrids. +
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. +
CDK analysts report U.S. dealers earned a 66% “Easy to Purchase” score last month, down from 85% in October and the single lowest score in the survey’s history. +
The latest report from Kerrigan Advisors shows the number of dealership buy-sells could exceed 2024’s record of 438 by year’s end as strong sales and earnings propel consolidation. +
Hudson Automotive Group has acquired all 15 Baton Rouge, La.-area All Star Automotive dealerships, which collectively account for 17% of the market’s new vehicle sales. +
Carvana has purchased San Diego Chrysler Dodge Jeep Ram from Sunroad Automotive Group, the dealer disruptor’s third new-car store and its first in the nation’s No. 1 auto market. +
Penske Automotive announced the acquisition of four Toyota and Lexus dealerships in California and Texas, including the nation’s highest-volume Toyota store. +
