Carvana has purchased Sacramento (Calif.) Chrysler Dodge Jeep Ram, continuing a Stellantis dealership buying spree that started nearly a year ago, likely in an attempt to secure an in-house inventory channel. +
Carfax reports more than 2.45 million U.S.-registered vehicles have rolled-back odometers, an increase of 14% from 2024, led by California’s 532,200 units. +
ZT Automotive has entered the Florida market and grown its footprint to 16 stores with the acquisition of four Tampa Bay-area franchises from Maus Family Automotive. +
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. +
A successful test run at a Texas Hyundai store preceded the nationwide launch of D.A.I.V.E., a new AI agent designed to connect with and assist car shoppers walking dealership lots. +
Fifth Third Bancorp will acquire Comerica Inc. in an all-stock transaction valued at $10.9 billion, creating the nation’s ninth-largest bank with approximately $288 billion in assets. +
Carvana has added Park Cities Chrysler Dodge Jeep Ram to its growing franchised dealership footprint, bringing increased access to trade-in units as well as new risks for investors. +
JPMorgan Chase, Fifth Third and Barclays are among the credit line providers facing massive losses as retailer and subprime lender Tricolor Auto enters bankruptcy proceedings. +
Urban Science’s mid-year dealership and franchise count finds Texas leading a small group of states adding rooftops in a largely flat market marked by lower per-store sales. +
