New York’s Mangino family announced the sale of their Albany-area Chevrolet and Buick GMC stores to Georgica Auto Holdings after nearly 50 years in business. +
The end of the Tesla Cybertruck follows a trend toward low sales and multibillion-dollar write-downs for an ill-fated category. Business Insider’s Ben Shimkus reports. +
Walser Automotive has fortified its presence in the Minneapolis-St. Paul market with the addition of two Ford dealerships and a Chevrolet store. +
The owner of Aaron Automotive Group claims a dealer services provider made false promises to deliver training, consulting and process implementation. +
The latest quarterly VIN-based inventory report from Lotlinx finds rebounding sales driven by new launches but offset by persistently aged inventory. +
KCCI reports one of the five Des Moines-area dealerships operated by Karl Auto Group was struck by a cyberattack that is being investigated by the FBI. +
Daniel Winchell, the former owner of three Northwest Iowa dealerships, was accused of selling vehicles out of trust and charged with multiple counts of theft and ongoing criminal conduct. +
In a post-tax credit world, CarEdge’s Justin Fischer believes the same EVs that sold themselves through government incentives are being sold just as effectively by family, friends and coworkers. +
The owner of New York’s Bul Auto Sales and Jacksonville’s Karma franchise has been arrested in Florida, where he faces charges of fraud and dealing in stolen property. +
Automotive News reports owners of the Boston-area Mirak Chevrolet are suing General Motors to prevent the establishment of a competing dealership less than six miles away. +
