Tariq Kamal
Former Associate Publisher
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SEARCHMENUSEARCHFormer Associate Publisher
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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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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Fears that F&I would fall victim to advancing technology and bad press appear unfounded as the segment continues to perform for dealers and car buyers.
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Two years ago, Chris Brown went looking for a way to facilitate sales, trade-ins, and financing for car buyers who prefer to shop online. Today, his Seattle-area Subaru dealership is doing just that, and he says the experience he and his team deliver is just as ‘stress-free’ as ever.
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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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The GM of a North Carolina dealership used GPS tracking to assist a customer and police in locating a carjacked vehicle, leading to the arrest of a suspect.
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U.S. manufacturers and dealers are knocking on the door of the all-time record for days’ supply of new vehicles, an issue compounded by higher floorplan expenses, according to the latest figures from Automotive News.
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