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Asbury Acquires Park Place in $1B Deal

Asbury Acquires Park Place in $1B Deal

Asbury Automotive has agreed to acquire the Park Place group of dealerships, adding 17 Texas rooftops and raising Asbury’s highline revenue to approximately 50% of its total.

December 12, 2019

GSFSGroup Names Hurley CFO and VP

GSFSGroup Names Hurley CFO and VP

Former Allstate Dealer Services executive Michael Hurley has been named CFO and vice president of finance and planning for GSFSGroup.

December 11, 2019

DealerSocket Adds Single Page Appraisal to Inventory+
Trump, Democrats Agree to Revised USMCA

Trump, Democrats Agree to Revised USMCA

President Donald Trump, House Speaker Nancy Pelosi, and factory and labor officials all cheered the imminent passage of a revised version of the U.S.-Mexico-Canada trade bill.

December 11, 2019

Digital Cadillac Sales Platform Makes U.S. Debut
U.S. Dealers Remain Optimistic Despite External Threats
Etheridge to Lead Client Relations for TecAssured
Q3 Auto Finance: Used Accounts for 55% of Loans
NAC Adds Connected Vehicle Service Contract
November Auto Loan Interest Rates Hit 21-Month Low
Regulators Appear to Endorse Alternative Credit Scoring
November Sales Report Pushes 2019 Total Closer to 17M
Understory Launches Sensor-Based Dealer Hail Insurance
Discounts, Incentives Stabilize New Vehicle Prices in November
Pre-Owned Values Down 1.4% in November

Pre-Owned Values Down 1.4% in November

Black Book reports retained values for used vehicles decreased sharply last month. If the index holds through December, it will end 2019 on a year-over-year decline of nearly 2%.

December 2, 2019

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