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One of the country’s largest private dealership groups may have been created after Holman Automotive Group Inc. acquired Kuni Automotive. This new group will have 33 dealerships in eight states and will have a projected annual revenue of about $3 billion.Holman, of Maple Shade, N.J., has dealerships in its home state, Pennsylvania and Florida. Kuni, of Vancouver, Wash., has stores in its home state, Oregon, California, Colorado and Kansas. Most of the new dealerships will be situated along the East Coast and West Coast. Holman is one of the most notable...
All the main automotive dealerships agree on the fact that there is a serious shortage of automotive technicians able to work on today's advanced cars and trucks. In this situation analysts and experts say that simply recruiting more technicians won't help. The emerging gap between the lost and the recruited technicians is considerable. Ford and GM estimate a need for a total of 15,000 new technicians for their U.S. dealerships over the next five years. The North American shortfall is estimated by Mark Davis, automotive programs manager at Seminole State C...
Rumors of a dealer class action against Volkswagen have swirled for months, and we have already mentioned about this in one of our previous blogs. But now, a prominent dealer attorney, Leonard Bellavia of Mineola, N.Y., declared he is prepared to file a lawsuit against Volkswagen on behalf of U.S. dealers who supported financial damage after VW’s emissions scandal.The attorney declined to identify his clients, but he mentioned that whether the lawsuit is filed depends on whether the company can reach a settlement with dealers that compensates them fairly for the finan...
Several Illinois dealerships have recently filed a civil racketeering lawsuit alleging FCA paid dealers to improperly inflate sales. Fiat Chrysler reacted saying that the allegations are “baseless” and represent an attempt to “publicly smear” the automaker.FCA used a legal salvo for the first time since dealerships owned by the Napleton Automotive Group filed a suit on Jan. 12. FCA seeks to have the Napleton dealerships’ suit dismissed entirely, saying it is “replete with conclusory allegations, substitutes vitriol for plausibil...
BMW of North America CEO Ludwig Willisch spoke about pressure from automakers to “punch” cars at the end of the month at a recent industry event. In a panel at the National Automobile Dealers Association Wilisch declared that at the end of 2015, there was a lot of pressure to rack up sales numbers.The 2015 sales race was tight until the end, but BMW managed to win its fourth luxury-sales crown in five years. BMW finished 2015 with luxury sales of 346,023 vehicles, followed by Lexus with 344,601 and Mercedes with 343,088. However, Lexus w...