National Independent Automobile Dealers Association vice president of dealer development Jeremy Beck shared a new statistic that surprised many executives who have been in the car business for decades. Hear Beck explain that data point and more during this episode of the Auto Remarketing Podcast recorded in Las Vegas at this year’s NIADA Convention & […] [Read More]

Meet the 2024 honorees in Cherokee Media Group’s “Women in Retail” program, presented by CarGurus. With these awards, we specifically recognize top leaders on the retail side of the auto industry, including honorees from dealerships, dealer groups and third-party providers/vendors. The July issue of Auto Remarketing includes full Q&A profile features with these honorees, who […] [Read More]

Group 1 Automotive has grown its presence in the U.K., with the acquisition of four Mercedes-Benz dealerships from L&L Automotive. The dealerships are located north of London in the county of Hertfordshire and are contiguous with several other Group 1 dealerships in the U.K., the company said. The newly acquired stores are expected to sell […] [Read More]

What are a dealership’s most effective weapons against identity theft crimes? Terry Dortch, CEO of Automotive Risk Management Partners and a longtime expert in dealership compliance, says it’s human eyes, hands and experience. “No dealership can be 100% secured from compliance lapses and data breaches, even when computer systems oversee digital networks,” he said. “But […] [Read More]

Wheels just got a big push forward — in part from one of America’s largest dealership groups. The fleet management company last week received what it termed “a significant minority investment” from mega-retailer Lithia & Driveway and Japan’s Marubeni Corp. Marubeni has been investing in the U.S. automotive sector since 1958, the companies said in […] [Read More]

Things are changing at CarMax. With retail used-vehicle sales and gross profit down 3.1% year-over-year for the quarter ending May 31 – the first quarter of the company’s 2025 fiscal year – CarMax’s emphasis has turned to making the most of what it brings in through cost reduction. “What we’re focused on is ... [Read More]

GenZ Automotive is linking its F&I programs to electric vehicle charging infrastructure. During last week’s NIADA Convention and Expo, the company announced the launch of its ChargeClub, which allows its F&I customers to earn EV credits – similar to airline frequent flyer miles – that can be redeemed for EV charging hardware, which it said […] [Read More]

With only 13 EVs/PHEVs now qualifying for the full IRA Federal incentive of $7,500 due to sourcing requirements, it is clear that EV/PHEV leasing, with the 45W rule that grants the commercial user the full credit with no sourcing requirements, will inevitably be the preferred “sale” of choice for many OEMs and finance institutions. However, […] [Read More]

More than a dozen U.S. dealerships from New Jersey to California agreed to retail electric vehicles from Fisker Group since the manufacturer hosted an open house in late January. Those plans might be moot as the company announced that it filed for Chapter 11 protection in the District of Delaware. According to a news release […] [Read More]

On the agenda of the 2024 NIADA Convention and Expo, the time allotted for Monday’s general membership meeting was one hour. It wound up lasting almost three times that long, as members of the National Independent Automobile Dealers Association debated and voted on the fate of president-elect Michael Darrow. When the meeting in a ballroom […] [Read More]