Commonwealth Honda Celebrates 20 Years
Commonwealth Motors' Lawrence, Mass., Honda store celebrates 20 years in business.
LAWRENCE, Mass. — Commonwealth Motors announced that its Honda dealership there is celebrating its 20-year anniversary. John Mendel, executive VP of North American Sales for Honda, recently visited Lawrence to congratulate and commend Charlie Daher, the owner, on reaching the milestone.
"We have been through a lot in the 20 years we have been in business, and we are privileged that, through both the good and some not-so-good times, our customers have been loyal to us,” Dahler said. “We would like to say 'thank you' to everyone and let them know we appreciate their patronage and that we look forward to another 20 years."
Since opening its doors in 1991, Commonwealth Honda has grown to become one of the largest Honda dealerships in New England, currently employing more than 75 people. Company officials said the dealership is commemorating the anniversary with special savings and events.
More Auto Finance

Dealerships Are Paying the Price for Extended Car Loans
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →
Trade-Ins in Negative Equity Reach New Heights
As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.
Read More →
Auto Credit Plentiful
June numbers show lenders are readily granting access, including to risky borrowers, as consumers leverage themselves to take on high prices.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Porsche Financial Services Shifts Structure
After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.
Read More →
Tariffs Could Raise Insurance Premiums
As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.
Read More →
Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
Read More →
New Cars a Tad More Affordable
May averages show that combined circumstances gave auto consumers slightly better buying power for the month, though average prices were up year-over-year.
Read More →
First-Quarter Sees Long Auto Loan Growth
Experian data show more consumers are tapping the method, along with refinancings, to afford buying. Meanwhile, subprime borrowers are getting more access.
Read More →
Mastering Credit Friction
In this video, Josh Krach explains how to turn credit friction into an advantage.
Read More →