NADA analysts say waning demand and affordability issues are depressing sales team earnings, Nevada leads the nation in average payroll and bigger dealers continue to gain market share. +
Lithia has expanded its footprint in the Southeast with a series of dealership purchases over the past several weeks, adding a total of four franchised stores in Florida and Georgia. +
TrueCar co-founder Scott Painter will return to the CEO position he left in 2015 after leading an effort to acquire the company in a $227 million deal with Fair Holdings Inc. +
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. +
The nation’s No. 1 auto retailer has acquired Fletcher Jones Automotive’s Chicago Audi and Mercedes-Benz stores, shrinking the upmarket group’s footprint to 13 West Coast stores. +
APCO Holdings has acquired Lawley Automotive Dealer Solutions, an agency that was founded in 1984 and serves 200-plus clients from its Western New York headquarters. +
Ken Ganley Automotive has acquired Lexus of Cleveland and Lexus of Akron-Canton from Ascent Automotive, adding its first Lexus franchises within miles of its Northeast Ohio headquarters. +
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. +
Kerrigan Advisors’ Blue Sky Report for the second quarter shows merger and acquisition activity in the dealership sector improved on a year-over-year basis in the first half of 2025. +
