Tag: Dealerships

Skyline Ford’s Commercial Street footprint grows, dealership to expand

The owners of Skyline Ford on Commercial Street SE have purchased the property next door, enabling them to expand, consolidate operations and better serve customers. The family-owned dealership, serving Salem for more than

Read More

Ohio used car dealership sued by state for alleged odometer tampering – WHIO TV 7 and WHIO Radio

COLUMBUS — Ohio Attorney General Dave Yost is suing a dealership for allegedly rolling back their odometers and selling salvaged vehicles without telling customers. Yost announced legal action against Ohio Mega Group and

Read More

Ohio used-car dealership sued for odometer rollbacks

COLUMBUS (WCMH) – Ohio Attorney General Dave Yost is suing a fourth Columbus used-car company dealership he said was rolling back odometers and selling them under false pretenses. The lawsuit is against Ohio

Read More

Albuquerque dealership ordered to pay millions in fraud case

ALBUQUERQUE, N.M. (KRQE) – Local car dealership, Reliable Chevrolet, is on the hook for a multi-million-dollar payout after a jury found it responsible for committing fraud by failing to pay off a customer’s loans

Read More

Off-Lease Only’s bankruptcy creates void in used-car business

WEST PALM BEACH, Fla. — A long-standing South Florida-based used car dealership, Off-Lease Only, has filed for bankruptcy in the past week, leaving many surprised and hundreds out of work. Customers and those

Read More

More drivers want cars under $50,000. How to find a cheap new vehicle

Car shoppers are showing more interest in vehicles selling under $50,000, according to car site Edmunds. That reverses a recent trend that saw shoppers splurging on higher-end models with more features. But cars

Read More

Average Used Car Price Fell More Than 1% In August

Last month, the average listed price for a used car in America was $26,651 — down 1.4% from July’s figure. July’s price was 0.5% less than June’s. But analysts say the drop may

Read More

Tesla supercomputer could boost EV maker’s market cap by $600 bln – Morgan Stanley

The logo of car manufacturer Tesla is seen at a dealership in London, Britain, May 14, 2021. REUTERS/Matthew Childs/File Photo Acquire Licensing Rights Sept 11 (Reuters) – Tesla’s (TSLA.O) supercomputer, Dojo, to train

Read More

Major car dealership files for bankruptcy and abruptly closes all its locations laying off hundreds of workers

A car dealership has closed its doors for good, citing unprecedented changes in the used car sales industry as the motivating factor behind the decision. Off Lease Only, the Florida-based dealership chain, has

Read More

Automotive News seeks car dealer succession and exit stories

To sell or stay and grow remain constants in conversations involving dealership consolidation. Last month, we invited dealers to submit their succession stories, or reasons for deciding to exit auto retail, for consideration

Read More