CBT automotive newscast: October 14, 2020 [Video]

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Today’s Featured Interview:

Patriot SubaruHow to build a positive and successful dealership culture – Adam Arens, Patriot Subaru
Patriot Subaru has been named one of Maine’s “Best Places to Work” and it’s not the first time the dealership has made this list. Today, we’re talking to Adam Arens, President of Patriot Automotive Group, about the success that his dealership has had, that led them to be named on this list. Watch the full segment here.

Top Headlines:

LMP Automotive Group, a growing auto-retail eCommerce company, has purchased a major stake in New York’s largest dealership group. The holding company’s acquisition of Atlantic Automotive Group is valued at $608 million. The deal is expected to add $1.6 billion in revenue, $38 million in net income, and will bring the company’s new vehicle franchise count up to 33. The combination with Atlantic Automotive is expected to enhance customer experience, lower SG&A per transaction, and expand the company’s online store.

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