Retail
Cerritos Auto Square launches free concierge service for car shoppers
Friday, Apr. 11, 2025, 11:44 AM
Auto Remarketing Staff
Cerritos Auto Square in Cerritos, Calif., has debuted a free concierge service for car shoppers. The Southern California retail center, which bills itself as “America’s largest auto mall,” said customers now have access to concierge representatives to help them find the right car, answer questions about financing and trading in vehicles, and negotiate for better […] [Read More]
NADA backs Senate resolution to revoke California emissions waivers
Thursday, Apr. 10, 2025, 12:01 PM
Auto Remarketing Staff
The National Automobile Dealers Association said it’s supporting controversial joint resolutions by three Republican senators to revoke waivers allowing California’s strict emissions standards, which include a ban on the sale of new gas-powered and hybrid vehicles by 2035. The resolutions, introduced by Sens. Shelley Moore Capito (R-W.V.), Deb Fischer (R-Ind.) and Markwayne Mullin (R-Okla.), seek […] [Read More]
Tariff fears led to 153,000 ‘pull ahead’ sales in March, report says
Tuesday, Apr. 8, 2025, 01:31 PM
Auto Remarketing Staff
Concerns about the coming auto tariffs sent car shoppers racing to dealerships in March, according to a report by Cloud Theory. The automotive data analytics firm’s quarterly “On the Horizon” report found the consumer fears about the potential impact of the tariffs, implemented April 3, led to an additional 153,000 new vehicle sales last month. […] [Read More]
Dealership calls mentioning tariffs soared 4,000% the week before they took effect
Tuesday, Apr. 8, 2025, 12:04 PM
Auto Remarketing Staff
Are tariffs on every car shopper’s mind? Maybe not, but data from Car Wars indicates “a significant shift” in customer conversations, with more dealership customers talking about the issue in the week before President Trump’s 25% auto tariffs took effect on April 3. The provider of call tracking, texting and phone technology for auto dealerships […] [Read More]
FM Capital to use $240 million fund to back ‘transformative companies’
Monday, Apr. 7, 2025, 01:46 PM
Auto Remarketing Staff
FM Capital, a venture capital firm focused on early-to-mid stage technology companies in automotive and transportation, announced it has completed its largest fund close to date. FM said its Fund IV raised $240 million. The oversubscribed round included new and existing investors including dealers, distributors, OEMs, suppliers, insurers and other industry-related entities. “We’re elated that […] [Read More]
Service dept. news: Texas store to build massive new facility; Marchex launches AI engagement tool
Friday, Apr. 4, 2025, 04:06 PM
Auto Remarketing Staff
Vic Vaughan Toyota of Boerne is ready to get its new service center off the ground. The dealership in the San Antonio suburb of Boerne, Texas, will break ground on its 28,639-square-foot facility with a ceremony Tuesday. “As our dealership continues to grow, so does our commitment to providing an unparalleled service experience for our […] [Read More]
With auto tariffs in effect, ‘it’s going to be an interesting ride’ for car dealers
Friday, Apr. 4, 2025, 02:58 PM
Joe Overby, Senior Editor
Lamenting. Bracing for impact. Embracing. Preparing. Seeing an opportunity.
Those are but a few of the ways auto dealers are responding to the Trump administration’s 25% tariff on vehicles imported to the U.S. — a policy that became effective Thursday.
In statement Wednesday, Cody Lusk — president and CEO of the American International Automobile Dealers Association, which representing U.S. franchise dealers selling import brands — said that ... [Read More]
CarMax earns 21st consecutive Fortune Best Companies to Work For recognition
Wednesday, Apr. 2, 2025, 02:23 PM
Auto Remarketing Staff
CarMax’s credentials as an employer are hard to argue with. The national used-car retailer has added another accolade in that area this week, as Fortune magazine and Great Place To Work have named CarMax as one of the 100 Best Companies to Work For in 2025 — the 21st consecutive year it has earned that […] [Read More]
Dealer news: AutoNation acquires last of Summit’s Groove stores; dealerships sold in Minn., Mich., Ark.
Wednesday, Apr. 2, 2025, 01:53 PM
Auto Remarketing Staff
AutoNation’s already formidable presence in the Denver market has grown again. The nationwide auto retailer said it has acquired Groove Ford and Groove Mazda in suburban Englewood, Colo., from Summit Automotive Partners. With the new additions, AutoNation now operates 22 locations in Colorado, mostly concentrated in the Denver metro area. The new stores are the […] [Read More]
Rick Case Automotive helps foot the bill for new shoes for kids
Monday, Mar. 31, 2025, 03:12 PM
Auto Remarketing Staff
Rick Case Automotive Group and its president and CEO, Rita Case, helped Soles4Soles foot the bill for new shoes for nearly 500 children in Fort Lauderdale, Fla. Volunteers from Rick Case Cares joined those from other area businesses to deliver brand-name athletic shoes, socks and books to students at North Fork Elementary School through the 4EveryKid […] [Read More]
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