AutoCanada announced the sale of 13 of its 17 U.S. franchised dealerships to multiple unnamed purchasers in a series of deals worth more than $60 million. +
Regarding life insurance strictly as a death payout for dealership employees ignores the living benefits many providers offer, argues iCover founder and CEO Hari Srinivasan. +
The third-generation owners of Bosak Auto Group have divested their auto retail holdings through separate deals with Victory Automotive and the Garff Family of Dealerships. +
Coughlin Automotive has acquired Bob Chapman Ford of Marysville, Ohio, from fourth-generation owner Joe Chapman, adding the state’s first Ford dealership to its growing network. +
vAuto data shows U.S. sales of pre-owned units were down 1.5% month-over-month in June, led by a double-digit decrease in CPO sales blamed in part on a “seasonal slowdown.” +
Automotive News’s John Huetter details the myriad benefits President Donald Trump’s One Big Beautiful Bill brings to dealership owners, starting with “bonus” depreciation for floorplanned units. +
Ancira Automotive Group has acquired Patriot Buick GMC, a dealership known for serving the Killeen, Texas, community and families stationed at nearby Fort Hood for 34 years. +
Authorities have arrested and plan to charge a Texas man with stealing a Mustang at gunpoint while on a test drive, reportedly after leaving his driver’s license behind. +
Sonic Automotive has become the nation’s largest-volume Jaguar Land Rover retailer with the acquisition of four California dealerships from US Auto Trust. +
U.S. sales of new light duty vehicles slowed “considerably” in June after several months in which Americans rushed to lock in pre-tariff prices, according to the latest reports from Automotive News. +
