Fletcher Jones Automotive Group knows its sweet spot, and it’s added another dealership that fits squarely in it. The Newport Beach, Calif.-based dealership group has purchased Mercedes-Benz of Beverly Hills from Group 1 Automotive, according to the Presidio Group, which advised the seller in the transaction. “This acquisition is a natural next step for Fletcher […] [Read More]

Carvana set sales and revenue records during the first quarter, and founder and CEO Ernie Garcia highlighted how ongoing improvements in reconditioning are putting the online used-car retailer on a path to selling 3 million vehicles annually. Carvana reported late Wednesday that it retailed a record 187,393 units during the first quarter, representing a 40% […] [Read More]

Byron Oldham is president of the family-owned Honest Autos dealership and is president of the board at the Florida Independent Automobile Dealers Association. He joins the Auto Remarketing Podcast to talk with Cherokee Media Group senior editor Joe Overby about the upcoming Southeast Independent Automobile Dealers Conference and why it’s different than a traditional auto […] [Read More]

Vehlo’s Total Customer Connect and Dealerlogix platforms have been given Ford’s seal of approval. The fixed operations software and communications platforms have been selected as preferred partners to Ford dealerships nationwide in a partnership focused on Ford’s commitment to video multi-point inspections. Vehlo said Total Customer Connect and Dealerlogix allow dealerships to stay in contact […] [Read More]

Earth Day happens to fall during National Volunteer Week, so Mercedes-Benz USA did the natural thing. More than 75 MBUSA employees volunteered to revitalize an outdoor space at Atlanta’s Southwest DeKalb High School. The project was one of many in MBUSA’s fifth annual National Volunteer Week initiative, during which hundreds of the company’s employees participated […] [Read More]

Kathi Kruse, the Automotive CFO-To-Go who brings her financial expertise — born through years of experience as a dealership chief financial officer — to dealers needing help in that area, is back on the Auto Remarketing Podcast. In this episode, she faces a “lightning round”, providing quick-hit takes on some of the many articles she’s […] [Read More]

A family of dealers that’s been in business more than 100 years is bowing out of the Omaha area as a growing dealership group moves into Nebraska for the first time. Morrie’s Auto Group announced it has acquired Beardmore Subaru, Beardmore Hyundai and Beardmore Chevrolet in Bellevue, Neb., from the Beardmore Auto Group, giving Morrie’s […] [Read More]