A dolly for lifting and transporting an automobile. The dolly is provided with a generally U-shaped frame including a base member and a pair of arm assemblies pivotally attached thereto. Each of the arm assemblies includes a load-bearing arm extending at substantially right angles from the base member and a torsion arm secured to the load-bearing arm. A pry bar is removably attached to the torsion arm for pivoting the load-bearing arm, which engages the wheel assembly of the automobile, to lift and transport the automobile. Secured to each of the load-bearing arms are casters to facilitate pivoting of the load-bearing arm and to provide for movement of the dolly over the ground surface. Latching mechanisms secured to the base member selectively secure the arm assemblies in a fixed position in which the automobile is in an elevated position and the casters are in rolling engagement with the ground surface.