Black Book released its Used Vehicle Retention Index for June 2020 (115.1), a +9.1-point change from May (106.0). “Fueled by Federal stimulus and a lack of new inventory, retail demand…
Lithia Motors Inc. reported significant improvements across all business lines in June compared to the results previously reported for April and May. For the month of June, total same-store vehicle…
Mercedes-Benz USA reported Q2 sales of 59,461 Mercedes-Benz models. Additionally, Mercedes-Benz Vans recorded Q2 sales of 10,760, bringing MBUSA to a grand total of 70,221 vehicles for the quarter, a…
Shift Technologies Inc., an e-commerce platform, and Insurance Acquisition Corp., a publicly traded special purpose acquisition company, announced they have entered into a definitive merger agreement whereby Shift will combine…
Unique market conditions due to the coronavirus (COVID-19) pandemic could be driving more consumers out of the new market and into used vehicles, according to the car shopping experts at…
Subaru of America, Inc. reported 53,911 vehicle sales for June 2020, a 12 percent decrease compared with record June 2019. These results reflect the impact of the COVID-19 global pandemic…
Erie Insurance commissioned a national survey to find out which features drivers disable the most and why. The survey, which was limited to drivers whose cars were model year 2016…
Asbury Automotive Group, Inc. entered into a definitive agreement to acquire certain assets of Park Place Dealerships, one of the country’s largest and most prominent luxury dealer groups for $685…
Auction Academy has launched a virtual classroom for the remainder of 2020 for its current Class 6 Group, reports Auction Academy President Penny Wanna. The group’s previously-scheduled quarterly meetings for…
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