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Some dealerships experience a complete turnover of sales staff within 18 to 24 months, and therefore many newly hired staff haven’t been trained on their dealership compliance responsibilities.Pexels/Yaowaluck Promdee In ancient Rome, one of the legal maxims was, “Ignorantia juris non excusat,” or ignorance of the law is no excuse. This rule required that citizens…
The new dealership is equipped with electric vehicles (EVs) with charging stations, certified Ford technicians, and cutting-edge tools and equipment. Clement Auto Group Clement Auto Group in Wentzville, Mo., held a grand opening Nov. 21 for the first Ford dealership to feature the company’s Signature 2.0 customer-experience design. The new design represents a $45 million…
Masahiro Seri will assume oversight of Toyota North America’s production, engineering and manufacturing operations starting Jan. 1. Toyota’s North American subsidiary is about to get a new leader in a longtime company executive. Masahiro Seri replaces Takefumi Shiga, who’s filled the lead production, engineering and manufacturing role for nearly three years. Shiga is taking a “new leadership…
The sale marks the first Toyota and Lexus stores Dream Motor Group has acquired. Pinnacle Mergers & Acquisitions Luxury and performance-focused Dream Motor Group acquired two Alabama auto dealerships in a $151 million deal brokered by Pinnacle Mergers & Acquisitions. Toyota of Montgomery and Lexus of Montgomery were sold by Sutherlin Automotive Group, which has…
Many of the smaller dealers see the opportunity to exit the industry ‘with the wealth they accumulated during the pandemic,’ Kerrigan said. Pexels/John Guccione Auto dealerships’ ability to not only weather storms but emerge from them in better shape than before has made them all the more coveted by buyers in an accelerating industry consolidation.…
Backup crash-prevention systems led to the recall of more units than any other category, both in the third quarter and year to date. Pexels/Erik McIean The volume of recalled vehicles jumped 25% in the third quarter, despite the number of recall events declining. Sedgwick data shows about 9.2 million units called back over the period,…
The acquired auto group represents 15 franchises across a dozen stores. Kerrigan Advisors A leading Louisiana auto group has been acquired by one of the biggest groups in the country, ending a nearly 40-year local family business run. The Baton Rouge-area All Star Automotive Group of 15 franchises across a dozen stores changed hands to…
There are ways to merge logic and the data already in your dealer management system. Pexels/Yan Krukau After decades in this business, I can tell you one thing with absolute certainty: The buzz around “there’s gold in your data” isn’t just hype. It’s real, and it’s finally hitting home for dealer principals and general managers…
Customers in Los Angeles, Seattle and Dallas can browse and buy Ford CPO vehicles within a 75-mile radius of their locations. Ford certified preowned vehicles can now be bought on e-commerce giant Amazon as the second major automaker taps the site for sales. Hyundai joined the automotive marketplace last year. Now, customers in Los Angeles,…