US auto dealer Asbury Automotive Group, Inc. has acquired privately-owned dealership group Jim Koons Automotive Companies for approximately $1.2bn. The…
SILVER SPRING, Md. — Alex Perdikis, co-founder of automotive startup inride, announced today it plans to offer consumers in the…
100% first-year bonus depreciation is allowed for heavy SUVs, pickups, and vans used over 50% for business The TCJA allows…
The Annual Manheim Used Car Industry Report is now available: http://www.KoonsAutoLoans.com/2017-Mainheim-Used-Car-Market-Report.pdf
The average age of vehicles on road hits 11.6 years. The average age of light vehicles in the U.S. has…
Over the past decade, the average age of vehicles in U.S. households has risen to nearly 11 years old as…
Some 270 million vehicles were registered in the United States in 2017. The figures include passenger cars, motorcycles, trucks, buses,…
A couple of weeks ago, Ford Motor Company somewhat quietly announced that next month, it’s beginning a leasing pilot program…
Robert Bassam, President of Eastern Motors has acquired Field Hyundai Suzuki from auto dealer Michael Field of Virginia Beach. Eastern…
Steven Niswander has acquired Field Buick Pontiac GMC and Field Mitsubishi on South Pickett Street in Alexandria from auto dealer…