Retail
Dealer news: Sutherlin sells its last Florida dealership; acquisition in Kentucky
Thursday, Nov. 14, 2024, 12:46 PM
Auto Remarketing Staff
Sutherlin Automotive Group is out of the Florida market. The Alabama-based dealership group, owned by Brett Sutherlin, sold its last store in the Sunshine State, Sutherlin Nissan of Vero Beach, to Andy Unanue, according to Pinnacle Mergers & Acquisitions, which ... [Read More]
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AutoNation launches 8th annual DRV PNK Across America Campaign
Megasite brings Carvana’s same-day delivery service to Las Vegas
Dealer news: Pedens begin their growth; Greenway renews deal with CDK
Wholesale
DAA Northwest Anniversary Sale raises $175,000 for local nonprofits
Thursday, Nov. 14, 2024, 02:48 PM
Auto Remarketing Staff
DAA Northwest celebrated its anniversary with a gift — to charity. The 32nd annual DAA Anniversary Fundraiser and Sale, held Nov. 6-7, is part of the auction’s tradition of philanthropy, dating to 1997. Since then, DAA’s fundraising events have raised ... [Read More]
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Hurricanes impact auction sales in October, but volumes still up double-digits
OPENLANE, ACV each post solid Q3 results, though inventory remains an issue
Holman’s deal with WEX expands into Canada, extends through 2030
Technology
Reynolds joins with Skaivision, aiming for greater service department efficiency
Friday, Nov. 15, 2024, 12:05 PM
Auto Remarketing Staff
Reynolds and Reynolds has a vision. A Skaivision, to be precise. The dealership software provider announced a collaboration with Skaivision, creator of “smart space” computer vision artificial intelligence software for auto dealerships, that includes an investment in the company. In ... [Read More]
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Black Book unveils Brand Value Index to gain better understanding of nameplate pricing dynamics
Financial
EFG launches program that guarantees PRU increase for dealers
Tuesday, Sep. 24, 2024, 03:21 PM
Auto Remarketing Staff
With dealership profitability down over the past two years, EFG Companies wants to give auto dealers a way to boost their personal wealth creation strategies. To that end, the F&I and reinsurance provider has introduced its Wealth Builder Profit Participation ... [Read More]
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Analysis
The current state of automotive dealership M&A: Focusing on performance optimization
Thursday, Nov. 14, 2024, 01:41 PM
George Pero, Mach10 Automotive
The automotive dealership landscape has seen significant changes in recent years, particularly in the wake of fluctuating profitability and high interests. Following several years where dealers could sell their businesses at a premium on the back of record profits with ... [Read More]
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Lane watch: Favorable trends for dealers starting to gain stronger foothold
CPO vehicle supply more plentiful, but at higher average age
Charisma! launches research division to produce ‘deep-dive’ reports