Spring is here, and it's the perfect time to discover fresh feelings of adventure.If you are willing to explore your need for speed, then RepoKar is the right place for you! RepoKar is a fun, high-octane online Public Auto Auction where you'r...
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...
Nissan has confirmed that it will not build small, rear-wheel-drive sports cars soon.The model which may have tackled the likes of Toyota’s 86 and the Mazda MX-5 in the sales-race would have sat below the current 370Z and GT-R models in the carmaker’s range.But now, according to reports out of Europe, the small sports car plans have been returned to the shelf where they may sit for quite some time. According to Nissan Senior Vice President Shiro Nakamura, the company has a modular platform currently under development that could underpin a model range featuring both electric and fos...
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...
The advent of Uber and Lyft marked a shift towards on-demand and shared mobility, and promises to require changes of the game for commuters and carmakers. More and more people realize that vehicles have high up-front costs to own and depreciate swiftly, but they aren't necessarily heavily utilized.The possible on-demand revolution will for sure affect automakers. The analysts acknowledge that the proliferation of on-demand vehicles could ultimately reduce the number of cars on the road in the U.S. by more than 25 million, with population density serving as a key determinant ...
After the first quarter of the year is over, many dealers nationwide note that new vehicles sales stagnated and this makes them search for steps to protect profits in case the market slows or slides.The 2008-09 recession taught a lot of things the car dealing companies, and it is hard to imagine that people didn't become really knowledgeable during that time on what to do and how to adjust when downturns take place. After Mike Jackson, AutoNation Inc. CEO, saw new-vehicle sales slowing at AutoNation's 254 stores in the fourth quarter of 2015, he warned of a sa...
