Tariq Kamal
Former Associate Publisher
ADT Magazine
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SEARCHMENUSEARCHFormer Associate Publisher
Camping World and Gander RV’s Marcus Lemonis says his dealership’s 40-by-80-foot American flag is a tribute to military veterans and that he will not take it down, despite the threat of thousands of dollars in fines.
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The Federal Reserve Bank of New York’s Q1 U.S. household debt report finds auto loan and lease originations declined slightly year-over-year — except for sub-620 customers — while 90-day delinquencies grew by 9.2%.
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Lithia Motors has purchased Central New Jersey’s Hamilton Honda from Michael Saporito, who will remain as dealer, and former NFL linebacker Jessie Armstead.
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The Things’ Cory Barclay has created a list of rules for dealers interested in selling $200,000-plus vehicles, many revolving around factory-specific fine print that would shock most mass-market retailers.
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Acquisitions have helped fuel the rapid expansion of Rob Cochran’s 24-rooftop auto group. But he believes the secret to his success is the people of Western Pennsylvania, including those he employs and the customers they serve.
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A survey of Automotive News’ top 150 U.S. auto retailers finds per-copy averages grew 4.6% to $1,482 in 2018, fueling a 7.5% increase in total F&I revenue.
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Carvana’s first-quarter results include triple-digit gains in net revenue and consumer-sourced inventory, but losses continue to mount, growing 57% to $82.6 million year-over-year.
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Carvana made a splash in the latest used-car retailer rankings, but analysts say the dealer disruptor is losing too much money and will never turn a profit.
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A bankruptcy court ruling allowing two captives to reclaim inventory has officially closed the doors on Tate’s Auto Group after more than 40 years in business.
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The annual forecast for U.S. light-vehicle sales fell to 16.41 million as volume fell 2.3% year-over-year in an April that was expected to bring the year’s first gain following an underwhelming first quarter.
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