Retail
Applications now being taken for 7th annual Fueling Careers Scholarship Program
Wednesday, Mar. 15, 2023, 08:30 PM
Auto Remarketing Staff
This week, CDK Global and the National Association of Minority Automobile Dealers (NAMAD) announced that the seventh annual Fueling Careers scholarship program now is accepting applications. Officials said the scholarship program was established to support ethnic minority high school students of dealership employees who demonstrate financial need in their pursuit of a college education. The […] [Read More]
Dealer M&A: Another Canadian group adds US stores, plus dealership sales in Calif. & Mich.
Wednesday, Mar. 15, 2023, 06:07 PM
Auto Remarketing Staff
Another Canadian dealership group has expanded to the U.S. Go Auto, which has nearly 60 dealerships in Canada, has purchased Washington state’s Toyota of Bellingham and Mercedes-Benz of Bellingham, according to a news release from Performance Brokerage Services, which advised on the sale. “I would like to thank Rob Armstrong and the Performance Brokerage Services […] [Read More]
Dealer charity roundup: Actions by Rick Case Automotive & Vic Vaughan Toyota
Tuesday, Mar. 14, 2023, 05:54 PM
Auto Remarketing Staff
This roundup of dealer philanthropy activities involves healthcare in Florida and education in Texas. Beginning in the Sunshine State, leaders from Broward Health and the Broward Health Foundation joined Rita Case on Feb. 15 to celebrate the naming of the Rita & Rick Case Echo Lab at Broward Health Medical Center. The lab features the […] [Read More]
CPO sales ‘hotter than expected’ as automakers expand program eligibility
Tuesday, Mar. 14, 2023, 05:18 PM
Joe Overby, Senior Editor
The first two months of 2023 were a bit of a surprise for the certified pre-owned vehicle market.
Cox Automotive forecasted in January that CPO sales would fall 11% in 2023, following a 10% decline last year. But through February, year-to-date certified sales are up almost 14%, the company said.
So, what gives?
Ironically, it’s the ... [Read More]
43 claim World Class Technician Awards
Monday, Mar. 13, 2023, 06:44 PM
Auto Remarketing Staff
The 43 dealerships, manufacturers and other repair businesses who employ these technician award recipients truly can say that they offer world-class service. Last week, the Auto Care Association announced the latest recipients of the World Class Technician Award in partnership with the National Institute for Automotive Service Excellence (ASE). The two organizations provide this annual […] [Read More]
PODCAST: Patrick Olsen & Paul Nadjarian of CARFAX
Monday, Mar. 13, 2023, 01:46 PM
Auto Remarketing Staff
Next up on our series of podcasts from NADA Show 2023 in Dallas is a conversation with Patrick Olsen and Paul Nadjarian of CARFAX. They talked with Cherokee Media Group’s Joe Overby about what’s on the company’s radar for 2023, CARFAX’s top-rated dealers and much more. The podcast can be found in the window below. […] [Read More]
DealerRater spotlights ‘Dealer of the Year’ honorees
Friday, Mar. 10, 2023, 04:44 PM
Auto Remarketing Staff
Reputation management and auto dealer review platform DealerRater, which is part of the CARS family of companies, announced its Dealer of the Year Awards on Thursday, recognizing 1,197 stores throughout the U.S. and Canada. DealerRater determined the honorees based on 1.1 million consumer reviews and ratings from car shoppers in 2022. “The Dealer of the […] [Read More]
Best CPO Dealers: Brand-by-brand sales rankings
Tuesday, Mar. 7, 2023, 07:26 PM
Joe Overby, Senior Editor
To recognize the dealers leading the certified pre-owned car business, Auto Remarketing presents our annual special issue honoring “The Best CPO Dealers in the USA,” which is presented by CARS. We reached out to automakers across the CPO spectrum and requested their respective top 10 certified dealer lists based on full-year 2022 sales. We hope […] [Read More]
‘Scrappy’ Carvana team pushes through hard days, executes clear plan, CEO says
Monday, Mar. 6, 2023, 03:27 PM
Daryl Lubinsky, Correspondent
Just like it had for the past nine years, Carvana entered 2022 positioned for growth.
But supply chain issues and a historic rise in interest rates resulted in a dramatic used-vehicle affordability issue.
Those and other factors helped lead to ... [Read More]
Dealer M&A notes: Acquisitions involving Toyota & Harley Davidson stores
Friday, Mar. 3, 2023, 06:16 PM
Auto Remarketing Staff
The dealerships changing hands this week involved one that retails units on four wheels and another that specializes in deliveries for units on two wheels. The Dave Cantin Group (DCG) closed the transaction of Carson Toyota — one of the largest Toyota dealerships in Carson, Calif. — to Fletcher Jones Automotive Group. And Performance Brokerage […] [Read More]