CDK kept two more large clients in its fold, announcing multi-year renewals of its agreements with Fred Beans Automotive Group and Tasca Automotive Group. The dealership software provider said both groups will use the CDK Dealership Xperience, an open and integrated platform designed to connect the consumer-to-dealer buying journey into a single transaction. Fred Beans, […] [Read More]

In March, Auto Remarketing releases its annual “Best CPO Dealers” issue, presented by Cars Commerce, which provides a brand-by-brand ranking of the top dealers for certified pre-owned vehicle sales at 14 automakers. For the remainder of February, we will be previewing this issue by sharing the individual automakers’ respective top 10 lists. All rankings are provided […] [Read More]

In March, Auto Remarketing releases its annual “Best CPO Dealers” issue, presented by Cars Commerce, which provides a brand-by-brand ranking of the top dealers for certified pre-owned vehicle sales at 14 automakers. For the remainder of February, we will be previewing this issue by sharing the individual automakers’ respective top 10 lists. All rankings are provided […] [Read More]

Owning and operating an automotive dealership, or group, is a demanding yet rewarding business. However, one of the most critical and often neglected aspects of owning a dealership is succession planning. While many dealers focus on day-to-day operations, few take the necessary steps to ensure long-term success through structured, transitional strategies. Succession planning isn’t just […] [Read More]

In March, Auto Remarketing releases its annual “Best CPO Dealers” issue, presented by Cars Commerce, which provides a brand-by-brand ranking of the top dealers for certified pre-owned vehicle sales at 14 automakers. For the remainder of February, we will be previewing this issue by sharing the individual automakers’ respective top 10 lists. All rankings are […] [Read More]

In March, Auto Remarketing releases its annual “Best CPO Dealers” issue, presented by Cars Commerce, which provides a brand-by-brand ranking of the top dealers for certified pre-owned vehicle sales at 14 automakers. For the remainder of February, we will be previewing this issue by sharing the individual automakers’ respective top 10 lists. All rankings are […] [Read More]

Asbury Automotive Group has signed a deal to buy The Herb Chambers Companies for an estimated aggregate purchase price of $1.34 billion, the retailer announced Tuesday morning. The purchase of the private dealership group includes 33 dealerships, 52 franchises and three collision centers in Massachusetts and Rhode Island. It is said to be “one of […] [Read More]

Georgica Auto Holdings has acquired Kolb Subaru in Orangeburg, N.Y., just north of New York City, from Group 1 Automotive, according to Franchise Equity Partners, an investor in the company. Georgica Auto Holdings, led by CEO Jon Sobel, has been expanding steadily through acquisitions and now operates 27 dealerships in New York, New Jersey and […] [Read More]

AutoNation’s recent earnings call included good news ... and some challenges. AutoNation’s used unit sales were flat year over year, and sequentially down 2% from the third quarter, while supply availability for used vehicles has continued to be a challenge. But looking to the near future, AutoNation expects the normal seasonal swing to used vehicles for the spring selling season to occur, AutoNation chief financial officer Tom Szlosek said during the company’s fourth quarter and full-year 2024 earnings call on Feb. 11. And the company expects that used-vehicle unit sales ... [Read More]

Acquiring enough used inventory is the usual problem for dealerships. In the fourth quarter of 2024, Sonic Automotive faced the opposite problem — it had too much used inventory. Poor results in the EchoPark Automotive used-car segment pulled down Sonic’s overall performance in the fourth quarter, Sonic executives said on the earnings call. EchoPark revenue in the fourth quarter ... [Read More]