U.S. News & World Report has announced its 2024 Best Vehicle Brand and Best Certified Pre-Owned Program awards. For the third year in a row, U.S. News recognized Honda as…
Pennsylvania Attorney General Michelle Henry filed a lawsuit against a Delaware County-based used vehicle dealer for not disclosing issues with vehicles sold “as-is,” and failures to provide buyers with title…
Tricolor Holdings Chairman and CEO Daniel Chu gave dealers advice for finding success in today’s buy-here, pay-here market during a panel at the BHPH Dealer Forum in Indianapolis. Chu told…
CarGurus has entered into a definitive agreement to acquire the remaining minority equity interests in CarOffer for $75 million through an all-cash transaction. The deal is expected to close in…
According to the J.D. Power 2023 U.S. Sales Satisfaction Index Study, growing new-vehicle inventory on dealers’ lots and accompanying moderating prices have combined to propel customer satisfaction in an upward…
Fenix Parent LLC, operating as Fenix Parts, a recycler and reseller of original equipment manufacturer automotive parts, has completed its acquisition of the assets of Brothers Auto Parts in Indianapolis,…
The Florida Independent Automobile Dealer Association’s annual convention in Orlando brought together dealers for more than 15 hours of education Oct. 29-31. Dealers also capitalized on the opportunity to find…
Carvana Co. announced financial results for the quarter ended Sept. 30. In Q3 2023, Carvana sold 80,987 retail units for total revenue of $2.773 billion while demonstrating continued significant progress…
According to the Paychex-IHS Markit Small Business Employment Watch, job growth across the U.S. remains moderate but is growing at a slower rate than a year ago. Meanwhile, growth in…