Car dealership

Xcite Automotive Enhances Dealership Service Offerings with Strategic Acquisition of Pinnacle Automotive and Adds Two Board Members

Retrieved on: 
Thursday, April 18, 2024
Diamond, Sale, CFO, Communication, Car dealership, Original equipment manufacturer, Acquisition, Front line

CHICAGO, April 18, 2024 /PRNewswire/ -- Xcite Automotive, the leader in automotive technology services, today announced its acquisition of Pinnacle Automotive, including its Diamond Dealer Services and Diamond Digital PRO platforms.

Key Points: 
  • CHICAGO, April 18, 2024 /PRNewswire/ -- Xcite Automotive, the leader in automotive technology services, today announced its acquisition of Pinnacle Automotive, including its Diamond Dealer Services and Diamond Digital PRO platforms.
  • This strategic expansion significantly augments Xcite's service capabilities, particularly its ReconLogic platform and reconditioning services.
  • "Xcite Automotive's acquisition of Pinnacle further solidifies its commitment to providing world-class dealership services," said Mark Castaneda, former CFO of high-growth, publicly and privately-held organizations.
  • "The addition of Pinnacle and its Diamond brands into the Xcite family expands our service offerings and reinforces our position as a leader in automotive reconditioning and dealership support."

Car Pros Automotive Group Ranks 48th in the 2024 Automotive News List of Top 150 Dealer Groups

Retrieved on: 
Wednesday, April 17, 2024
Family, Kia, Hyundai, Acquisition, BMW, Car dealership

RENTON, Wash., April 17, 2024 /PRNewswire-PRWeb/ -- Car Pros Automotive Group, a leading automotive sales and service group, announced today that it ranked 48th in the 2024 Automotive News List of Top 150 Dealer Groups with a total of 20,349 new retail units sold in 2023, the second consecutive year the company ranked in the Top 50. Notably, Car Pros is the only dealership in the top 50 with a single digit number of dealerships and, according to Car Pros calculations, Car Pros Automotive Group, which has 9 rooftops, is number 4[1] in the nation in sales per rooftop.

Key Points: 
  • Notably, Car Pros is the only dealership in the top 50 with a single digit number of dealerships and, according to Car Pros calculations, Car Pros Automotive Group, which has 9 rooftops, is number 4[1] in the nation in sales per rooftop.
  • "We are proud to, once again, be in the Automotive News List of Top 150 Dealer Groups," said Matthew Phillips, CEO of Car Pros Automotive Group.
  • Car Pros was founded in 1993 by the Phillips family as a small used car lot with two employees.
  • Car Pros serves customers in the communities of Renton, Tacoma, Glendale, Los Angeles, Huntington Beach, and Moreno Valley.

Auto Sales and Service Offers a Wide Selection of Used Ford Vehicles in Indianapolis

Retrieved on: 
Tuesday, April 16, 2024
Ford Fusion, Multimedia, SUV, Escape, Ford Escape, Ford, F-150, Car dealership

INDIANAPOLIS, April 16, 2024 /PRNewswire-PRWeb/ -- Auto Sales and Service, a leading dealership specializing in pre-owned vehicles, is pleased to announce the expansion of its inventory to include a wide selection of used Ford vehicles. Located conveniently in Indianapolis, this expansion reflects the dealership's commitment to offering customers a diverse range of quality vehicles to suit their preferences and budgets.

Key Points: 
  • INDIANAPOLIS, April 16, 2024 /PRNewswire-PRWeb/ -- Auto Sales and Service, a leading dealership specializing in pre-owned vehicles, is pleased to announce the expansion of its inventory to include a wide selection of used Ford vehicles.
  • With Ford being a trusted and popular automotive brand, Auto Sales and Service is excited to provide customers in Indianapolis and surrounding areas with access to pre-owned Ford vehicles that meet their needs.
  • Additionally, Auto Sales and Service offers flexible financing options to make purchasing a used Ford vehicle convenient and affordable.
  • For more information about the selection of used Ford vehicles available at Auto Sales and Service, visit the dealership's website , stop by their showroom located at 1860 N Arlington Ave, Indianapolis, or contact them at 833-959-3978.

SUV Enthusiasts Can Explore the Latest 2024 Mercedes-Benz GLB 250 SUV at Mercedes-Benz of Arrowhead

Retrieved on: 
Friday, April 12, 2024
Mercedes-Benz GLB, Bell Road (Phoenix Metro), Multimedia, Mercedes-Benz, SUV, Torque, System, Acceleration, Safety, Consultant, Car dealership

PEORIA, Ariz., April 12, 2024 /PRNewswire-PRWeb/ -- Mercedes-Benz of Arrowhead proudly announces the arrival of the new 2024 Mercedes-Benz GLB 250 SUV. This vehicle was much anticipated among SUV lovers and is poised to redefine luxury driving experiences in Peoria, Arizona. Oozing style, performance and innovation, this latest addition to the Mercedes-Benz lineup is now available for fans of luxury automobiles.

Key Points: 
  • The new 2024 Mercedes-Benz GLB 250 SUV is available for test drive and purchase at the Mercedes-Benz of Arrowhead dealership.
  • PEORIA, Ariz., April 12, 2024 /PRNewswire-PRWeb/ -- Mercedes-Benz of Arrowhead proudly announces the arrival of the new 2024 Mercedes-Benz GLB 250 SUV .
  • The 2024 Mercedes-Benz GLB 250 SUV sets new benchmarks in automotive design, blending elegance with functionality seamlessly.
  • Equipped with next-gen safety features and driver-assist technologies, the 2024 GLB 250 SUV provides peace of mind on the road.

Survey: 84% of Independent Repair Shops View Vehicle Data Access as Top Issue for Their Business

Retrieved on: 
Wednesday, April 10, 2024
Congress, Consumer Reports, Software, Research, Foot, Legislation, Commerce, Multimedia, REPAIR, Auto Care Association, Car dealership

BETHESDA, Md., April 10, 2024 /PRNewswire/ -- Today, the Auto Care Association released results from a new nationwide survey of repair shops highlighting the challenges that independent repair facilities face when servicing vehicles, often forcing them to turn away business. These new survey findings reiterate the immediate need for the bipartisan REPAIR Act, which would ensure that vehicle owners and repairers of their choice have access to the vehicle data, tools, and software required to maintain modern vehicles.

Key Points: 
  • 84% of independent repair shops view vehicle repair and maintenance data access as the top issue for their business, surpassing other timely considerations, like technician recruitment and retention and inflation.
  • The majority (63%) of independent repair shops experience difficulties making routine repairs on a daily or weekly basis.
  • Half of independent repair shops (51%) report sending up to 5 vehicles per month to the dealer due to vehicle data restrictions.
  • This includes the amount of time that an independent repair shop spends trying to resolve the issue before referring the vehicle to the dealer due to data access restrictions – which can leave independent repair shops uncompensated for their labor and time.

Auto Dealership Buy/Sell Market Achieves New Transaction Record in 2023, Surpassing 2021 Peak; Valuations Remain at All Time Highs for Top Franchises in High Growth Markets

Retrieved on: 
Tuesday, April 9, 2024
Consulting, EV, Electric Vehicles, Automotive, Professional Services, Business, Marketing, Advertising, Communications, Other Automotive, General Automotive, Finance, Lincoln, Volvo, Face, Growth, Asbury Automotive Group, Original equipment manufacturer, Big Three (automobile manufacturers), Partnership, Risk, Multiple, Kerrigan, Sale, Acquisition, Ford, ICE, BMW, OEM, Toyota Financial Services, Population growth, Car dealership

The auto dealership buy/sell market’s outperformance relative to the broader corporate M&A market is, according to the report, a result of its distinctly private structure.

Key Points: 
  • The auto dealership buy/sell market’s outperformance relative to the broader corporate M&A market is, according to the report, a result of its distinctly private structure.
  • “When earnings soared in 2021, buyers correctly projected that pandemic earnings were unsustainable and normalized earnings for valuation purposes.
  • The public dealership groups acquired 61 franchises for $2.7 billion in 2023, the second highest US acquisition spending level on record.
  • The Kerrigan Auto Retail Index is designed to track dealership valuation trends, while also providing key insights into factors influencing auto retail.

Indian Motorcycle Dealers Ranked Highest in 2024 Industry Study Measuring Response to Website Customers

Retrieved on: 
Monday, April 8, 2024
Automotive, Sports, General Automotive, Recreational Vehicles, Motor Sports, Motorcycles, Kawasaki, Cub Cadet, Tracker, Moto Guzzi, Royal Enfield, Arctic Cat, Telephone, Pied Piper of Hamelin, Internet, Car dealership, Kubota, Livewire, Polaris, ILE, Piper, BMW, Motorcycle, BRP, Kymco, Multimedia, Harley-Davidson, KTM, Triumph

Polaris Inc’s Indian motorcycle dealerships were ranked highest according to the 2024 Pied Piper PSI® Internet Lead Effectiveness® (ILE®) Study, which measured responsiveness to internet leads coming though powersports dealership websites.

Key Points: 
  • Polaris Inc’s Indian motorcycle dealerships were ranked highest according to the 2024 Pied Piper PSI® Internet Lead Effectiveness® (ILE®) Study, which measured responsiveness to internet leads coming though powersports dealership websites.
  • “2024 is a much more challenging business environment for powersports dealers,” said Fran O’Hagan, Pied Piper’s CEO.
  • In contrast, dealerships which score below 40 fail to personally respond in any way to their website customers.
  • The 2024 Pied Piper PSI-ILE Study (U.S.A. Powersports) was conducted between May 2023 and February 2024 by submitting website inquiries directly to a sample of 3,718 dealerships nationwide representing all major powersports brands.

McGovern Auto Group Opens the Largest Dealer-Owned Collision Center in the USA! Raising the Bar for Auto Body Repair

Retrieved on: 
Tuesday, April 9, 2024
Certification, Volvo, MAG, U.S. Route 44, Foot, Land Rover, Ferrari, CDL, BMW, Multimedia, Car dealership

SHREWSBURY, Mass., April 9, 2024 /PRNewswire/ -- McGovern Auto Group (MAG), the leading automotive retailer in the Northeast, today announced the grand opening of the MAG Collision Center, McGovern's new flagship body shop that promises to reshape collision repair services across Massachusetts and beyond. Located at 420 Boston Turnpike in Shrewsbury, the state-of-the-art, 75,000 square foot facility cements McGovern's position as the foremost automotive group in the region while delivering customers access to unrivaled auto body repair and paint services.

Key Points: 
  • As the single largest auto body shop in the Northeast and the biggest dealer - owned collision center nationwide, the MAG Collision Center represents a multimillion-dollar investment in McGovern's depth in auto repair in the Northeast.
  • Beyond resources, McGovern has furnished the facility with next-generation equipment, materials, and processes to truly optimize and modernize collision services.
  • "Today is an important milestone, not just for McGovern auto , but also for every driver needing collision repairs or a fresh paint job," said Matt McGovern, CEO of McGovern Auto Group.
  • The MAG Collision Center will also be home to McGovern's transport and vehicle mobility division, McGovern Transport, housing its fleet of 14 trucks.

Car Buyers in Scottsdale, Arizona, Can Lease the 2024 Mercedes-Benz CLA 250 Coupe for $599 Per Month Only

Retrieved on: 
Monday, April 8, 2024
CLA, Mercedes-Benz, Multimedia, Acquisition, Engineering, Coupe, Car dealership

SCOTTSDALE, Ariz., April 8, 2024 /PRNewswire-PRWeb/ -- Mercedes-Benz of Scottsdale is thrilled to announce an exclusive leasing offer on the highly coveted 2024 Mercedes-Benz CLA 250 Coupe, available until April 30, 2024. Qualified customers can lease the CLA 250 Coupe for just $599 monthly for 36 months, with $4,723 due at lease signing, including a $1,000 Loyalty Bonus.

Key Points: 
  • Drivers can lease the 2024 Mercedes-Benz CLA 250 Coupe for $599 at the Mercedes-Benz of Scottsdale dealership in Scottsdale, Arizona.
  • SCOTTSDALE, Ariz., April 8, 2024 /PRNewswire-PRWeb/ -- Mercedes-Benz of Scottsdale is thrilled to announce an exclusive leasing offer on the highly coveted 2024 Mercedes-Benz CLA 250 Coupe, available until April 30, 2024.
  • Qualified customers can lease the CLA 250 Coupe for just $599 monthly for 36 months, with $4,723 due at lease signing, including a $1,000 Loyalty Bonus.
  • Mercedes-Benz of Scottsdale has an extensive inventory of new Mercedes-Benz vehicles , including the 2024 CLA 250 Coupe.

Chris Auffenberg Family of Dealerships Carries the Stylish, Powerful 2024 Lincoln Nautilus SUVs in Its Inventory

Retrieved on: 
Friday, April 5, 2024
Lincoln, Koutetsu no Kishi, Environment, SUV, Nautilus, Lincoln MKX, Intelligence, Turbocharger, Torque, Multimedia, UCI race classifications, Car dealership

WASHINGTON, Mo., April 5, 2024 /PRNewswire-PRWeb/ -- The Chris Auffenberg Family of Dealerships proudly announces the arrival of the highly anticipated 2024 Lincoln Nautilus, setting a new standard for luxury SUVs in Washington, Missouri. Combining exquisite design, advanced technology and high-end capability, the latest Lincoln Nautilus is poised to elevate driving experiences.

Key Points: 
  • Customers near Washington, Missouri, who want to purchase the latest 2024 Lincoln Nautilus SUVs can do so at the Chris Auffenberg Family of Dealerships.
  • WASHINGTON, Mo., April 5, 2024 /PRNewswire-PRWeb/ -- The Chris Auffenberg Family of Dealerships proudly announces the arrival of the highly anticipated 2024 Lincoln Nautilus , setting a new standard for luxury SUVs in Washington, Missouri.
  • Crafted with meticulous attention to detail, the 2024 Lincoln Nautilus captivates with its sophisticated exterior and refined interior.
  • As a premier destination for luxury vehicles in Washington, the Chris Auffenberg Family of Dealerships offers an extensive inventory of the latest Lincoln models, including the all-new 2024 Nautilus.