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News•by Staff•February 17, 2022

LMP Automotive Holdings to Terminate Seven Pending Auto Dealership Purchases

LMP Automotive Holdings Inc. plans to terminate seven pending purchases of many auto dealerships due to an inability to secure financial commitments.

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Articles•February 16, 2022

2022 M&A Predictions for F&I

M&A in the F&I sector will continue into the foreseeable future because private equity firms have record levels of dry powder, add-on acquisitions will be utilized to bolster existing platform investments, and, most importantly, companies need to remain on the offense with the competition.

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News•by Staff•February 16, 2022

VW Plans to Increase Production in Second Half of 2022

Volkswagen plans to decide on location for new plant and increase production output in the second half of 2022, reports company officials.

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News•by Staff•February 16, 2022

LMP Automotive Holdings Announces its Board of Directors Approved an Immediate Pursuit of Strategic Alternatives

The Company intends to terminate all of its pending acquisitions in accordance with the terms of their respective acquisition agreements, primarily due to the inability to secure financial commitments and close within the timeframes set forth in such agreements.

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News•by Staff•February 16, 2022

Cox Automotive Auto Market Report

In the most recent Auto Market Report video, Cox Automotive Chief Economist Jonathan Smoke notes that 2022 has started slower for the U.S. economy and for vehicle sales.

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News•by Staff•February 15, 2022

Black Book: Weekly Market Update

The rate of week-over-week declines has accelerated, exceeding the typical seasonal expectations for this time of year.

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News•by Staff•February 15, 2022

Blockade of Ambassador Bridge Costs Auto Industry Millions

Total losses add up to $300 million, with a $155 million hit to automakers and $145 million in lost direct wages.

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News•by Staff•February 11, 2022

Lithia Motors Reports 55% Increase in Q4 Net Income

The auto retailer reports sales jumped 34% in the fourth quarter and soared 51% for the year.   

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News•by Staff•February 11, 2022

Toyota and Honda Stay Positive on Profits

Tight supply and lower production helps the companies sell vehicles with fewer financial incentives than they traditionally offer.

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Articles•February 9, 2022

Bust Business Bullies

Take steps to combat competitive insurgency strikes to protect your business.

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