Virginia's bill language includes a provision that prohibits automakers from unilaterally changing franchise agreements without also getting an agreement from the dealer.
Sony Honda Mobility wants to challenge the status quo in automaking. That could mean its cars end up with Honda dealers' competitors.
It makes sense to check on how often your parts inventory turns in a year to ensure maximum efficiency in purchasing, stocking and selling.
Parks Automotive Group in January acquired two Stellantis dealerships in North Carolina, aided by a minority investment in the stores from Franchise Equity Partners.
Jonathan Banks, vice president of used-vehicle valuations at J.D. Power, said at the NADA Show in Dallas that even with declining prices, the used-vehicle market will remain profitable.