All Blog Posts (12,575)

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

Marks the second consecutive year Car Pros is ranked in the top 50; the group, which represents Kia, Hyundai, Honda, BMW and MINI, is 4th in the nation in sales per rooftop

 

RENTON, WA – April 17, 2024 – Car Pros Automotive Group, a leading automotive sales and service group, announced today that it ranked 48th in the 2024…

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Added by Crystal Hartwell on April 17, 2024 at 12:54pm — No Comments

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

Dealership buy/sell transactions increased 6% YoY according to the Annual 2023 Blue Sky Report by Kerrigan Advisors; 680 franchises sold in 2023, an increase of 5.4% compared to 2022, defying broader corporate M&A trends

 

Incline Village, NV – April 9, 2024 – The auto dealership buy/sell market experienced a record year of buy/sell activity with 397 completed dealership transactions, up 6% compared to 2022, according to the just-released…

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Added by Crystal Hartwell on April 9, 2024 at 12:43pm — No Comments

Car Pros Honda El Monte Honored with Honda Masters Circle Award for Second Consecutive Year

Dealership recognized as one of the nation’s top 50 Honda dealerships

 

El Monte, CA – April 3, 2024 – Car Pros Honda El Monte has received the 2023 Honda Masters Circle award from American Honda Motor Co., Inc., for the second year in a row, in recognition of being one of…

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Added by Crystal Hartwell on April 3, 2024 at 12:08pm — No Comments

CULA Selected by Citadel Credit Union for Indirect Vehicle Leasing

Credit Union Leasing of America further extends its reach in Pennsylvania, bringing the benefits of vehicle leasing to more consumers in the US

 

San Diego, CA & Exton, PA – April 2, 2024 – Credit Union Leasing of America (CULA) has been selected by Citadel Credit Union to bring the benefits of indirect vehicle leasing to its credit…

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Added by Crystal Hartwell on April 2, 2024 at 1:29pm — No Comments

Too Many Dealers Today Are Stuck In The Pandemic – Why Inventory Management Is Ripe For A Shakeup

In the years immediately following the COVID-19 pandemic, auto dealers experienced a paradigm shift in inventory management, pricing strategies, and overall business operational strategy. The unprecedented circumstances led to a period where inventory acquisition was viewed as a “get it however you can” mentality. However, as the market dynamics for supply chains have reverted back to a more pre-pandemic landscape, combined with a still-challenging economy, dealers find themselves facing new…

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Added by John Sternal on March 25, 2024 at 1:24pm — No Comments

Vehicle Identification Number (VIN) Lookup Service

A Vehicle Identification Number (VIN) lookup service is a pivotal tool in the automotive industry, offering a window into a car's past that's as revealing as a personal biography. This 17-character code, unique to each vehicle, serves as a fingerprint, encoding vital details about the car's origin, specifications, and history. VIN lookup services transform these alphanumeric sequences into comprehensive reports, providing transparency and insight into a…

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Added by Terrel Watkins on March 22, 2024 at 11:30pm — No Comments

Car Pros’ Shirley Jones Recognized with “Women Paving the Way” Award

 

CDK Global Award recognizes Jones as an outstanding female leader in the automotive industry

 

RENTON, WA – March 19, 2024 – Car Pros Automotive Group today announced that CFO Shirley Jones has been recognized with a 2024 “Women Paving the Way” award from CDK…

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Added by Crystal Hartwell on March 19, 2024 at 11:06am — No Comments

Most Common Infiniti QX80 Problems: Understanding and Addressing Issues

The Infiniti QX80 is a luxurious SUV that boasts powerful performance, elegant design, and cutting-edge technology. However, like any vehicle, it's not immune to issues that may arise over time. Understanding these common problems and knowing how to address them can help ensure that your Infiniti QX80 continues to deliver the exceptional driving experience you expect.

1. Infiniti QX80 Air Suspension Malfunctions

Car-Air-Suspension-Repair-smc

One of the most prevalent…

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Added by Kelsey Walker on March 13, 2024 at 6:30am — No Comments

Credit Union Leasing of America Experienced Double-Digit Growth in 2023

In a challenging auto finance environment, CULA grew its portfolio as well as Credit Union and Dealer Partners, while expanding national footprint

 

San Diego, CA – February 29, 2024 – Credit Union Leasing of America (CULA) experienced double-digit growth in its portfolio, credit union and dealer partners in 2023, even in the face of a challenging auto finance environment, the company announced today. CULA drove 24% growth in credit…

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Added by Crystal Hartwell on February 29, 2024 at 10:31am — No Comments

Honda City Common Problems and How to Fix Them: A Comprehensive Guide

Honda City Common Problems and How to Fix Them

Introduction:

The Honda City has long been a favorite among drivers for its reliability, fuel efficiency, and sleek design. However, like any vehicle, it is not without its share of common problems that owners may encounter. From minor nuisances to more serious issues, being aware of these common problems and knowing how to address them can help ensure a smooth driving experience. In this…

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Added by Kelsey Walker on February 24, 2024 at 6:18am — No Comments

Kerrigan Advisors Represents RRR Automotive Group in Sale to Group 1 Automotive

Transaction expands Group 1’s presence in the Washington-Baltimore metropolitan region; represents Kerrigan Advisors’ 50th franchise sold in the Mid-Atlantic since 2020, making the firm the undisputed leader in dealership sell-side advisory in the region

COLLEGE PARK, MD – February 13, 2024 –…

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Added by Crystal Hartwell on February 13, 2024 at 8:32am — No Comments

What a world it would be with a change of mindset.

In our dealerships, the engine that drives success isn’t the cars, It’s the PEOPLE, culture, and processes behind the scenes.

Imagine walking into a dealership where the air is full of energy, and every team member greets you with a smile that says, "Welcome, let's find your dream ride.”…

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Added by Philip R Spagnoli on February 6, 2024 at 9:49pm — No Comments

Car Pros Honda El Monte Achieved Best Sales Year Ever in 2023

 

Dealership ranked #6 in California for 2023; #24 in the nation, up from #40 in 2022

 

RENTON, WA – February 1, 2024 – Car Pros Automotive Group, one of the fastest growing automotive groups in the United States, announced today that Car Pros Honda El Monte delivered its best year ever selling 3,242 new Hondas,…

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Added by Crystal Hartwell on February 1, 2024 at 9:52am — No Comments

Nearly 40% of Credit Unions Expect Auto Finance Portfolio Growth in 2024, But Most Expect Liquidity Crisis to Continue through First Half of 2024

 

CUs show some optimism for the 2024 auto finance market, predicting an easing of extended loan terms and interest rates dropping, according to a new CULA survey; most CUs plan to leverage the benefits of auto dealer relationships by increasing them in 2024

 

San Diego, CA…

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Added by Crystal Hartwell on February 1, 2024 at 9:30am — No Comments

90% of Auto Dealers/Lenders Link AI-based Pricing to Inaccurate Quotes

New survey from eLEND Solutions underscores challenges of delivering accurate online payment quotes, including reduced lender transparency, mismatched desking/lender decisions, consumer-provided credit scores, all of which results in anything but ‘penny-perfect’ payment quotes

Foothill Ranch, Calif.January 31, 2024 – A new snapshot survey of auto dealers and lenders, from automotive fintech innovator eLEND Solutions,…

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Added by Crystal Hartwell on January 31, 2024 at 10:01am — No Comments

Car Pros Automotive Group Achieved Record Breaking Year in 2023

Car Pros new Kia sales reached 15,595 in 2023, bringing lifetime sales to 177,418; Car Pros Kia Glendale #1 in the nation

 

RENTON, WA – January 31, 2024 – Car Pros Automotive Group, a leading automotive sales and service group, announced today that 2023 was its best year ever in new Kia sales, setting a record and selling a total of 15,595 vehicles, up nearly 10% year-over-year. Car Pros Kia Glendale finished #1 in the nation with 6,549 new Kias sold.…

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Added by Crystal Hartwell on January 31, 2024 at 9:29am — No Comments

Kerrigan Advisors Represents Jim Price Auto Group in Sale of Chevrolet Dealership

Sale of Jim Price’s flagship Chevrolet franchise, one of the industry’s strongest domestic brands, is final and third sale for the Virginia-based auto group, all represented by Kerrigan Advisors -- and the 23rd franchise sale in Virginia for Kerrigan Advisors since 2020

Charlottesville, VA – January 9, 2024 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Charlottesville,…

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Added by Crystal Hartwell on January 9, 2024 at 9:14am — No Comments

Mountain America Credit Union selects CULA for Indirect Vehicle Leasing

                                       

The leader in indirect vehicle leasing for credit unions further broadens its reach in the western U.S. as it partners with the tenth largest credit union in the U.S.

 

San Diego, CA & Sandy, UT – January 9, 2024 – Credit Union Leasing of America (CULA), the leader in indirect vehicle leasing for credit unions for over 30 years, today announced that it has been selected by Utah-based Mountain…

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Added by Crystal Hartwell on January 9, 2024 at 9:06am — No Comments

Auto Dealership Buy/Sell Market Hits New High, On Track for Record Year as Dealerships Focus on Expansion through Acquisitions

Dealership buy/sells increased 11% YoY, with trailing twelve-month transactions surpassing 2021’s prior peak, according to the Third Quarter 2023 Blue Sky Report® by Kerrigan Advisors; consolidation sparked by the pandemic has yet to abate, blue sky values remain high and acquisition growth, fueled by tremendous access to capital from operations, remains impervious to interest rates

 

Incline Village, NV – December 18,…

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Added by Crystal Hartwell on December 18, 2023 at 2:42pm — No Comments

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