A successful test run at a Texas Hyundai store preceded the nationwide launch of D.A.I.V.E., a new AI agent designed to connect with and assist car shoppers walking dealership lots. +
Fifth Third Bancorp will acquire Comerica Inc. in an all-stock transaction valued at $10.9 billion, creating the nation’s ninth-largest bank with approximately $288 billion in assets. +
Carvana has added Park Cities Chrysler Dodge Jeep Ram to its growing franchised dealership footprint, bringing increased access to trade-in units as well as new risks for investors. +
JPMorgan Chase, Fifth Third and Barclays are among the credit line providers facing massive losses as retailer and subprime lender Tricolor Auto enters bankruptcy proceedings. +
Urban Science’s mid-year dealership and franchise count finds Texas leading a small group of states adding rooftops in a largely flat market marked by lower per-store sales. +
Ancira Automotive Group has acquired Patriot Buick GMC, a dealership known for serving the Killeen, Texas, community and families stationed at nearby Fort Hood for 34 years. +
Authorities have arrested and plan to charge a Texas man with stealing a Mustang at gunpoint while on a test drive, reportedly after leaving his driver’s license behind. +
Regulators will no longer pursue discriminatory pricing charges against three Texas dealerships owned by Asbury Automotive following an executive order challenging the legal theory of disparate impact. +
Kerrigan Advisors facilitated the sale of the family-owned Cowboy Toyota to the family-owned CAR Group. +
Lincoln Education Services announced a new partnership designed to help Hyundai and Genesis dealers staff their service departments. +
