Carvana’s same-day vehicle delivery service, launched last summer, has continued its rapid expansion into 2024. The online used car retailer announced today that it is bringing the service to the Sacramento, Calif., area, making the state’s capital the latest market to offer delivery within hours of an online purchase of select vehicles. The company said […] [Read More]

Consider the landscape for used-only vehicle retailers just three years ago. Vroom, which launched its initial public offering in June 2020, made its Super Bowl advertising debut in February 2021, followed by a return trip a year later alongside rival Carvana, which joined the commercial action for Super Bowl LVI. Shift announced plans to go public through a special purpose acquisition company (or “SPAC”) in June 2020, a move that was completed in October of that year.  CarLotz, a “retail remarketing” platform, would announce its own SPAC plans that same October. Momentum was strong, amid a pandemic-driven white-hot market for pre-owned cars. Some three years later, however ... [Read More]

Fisker’s shift to a dealership model is beginning to take shape. The electric vehicle manufacturer announced it has signed four dealer partners in the U.S. — Mills Automotive Group, Ourisman Fisker, Classic Fisker and Long Island Fisker. The new dealerships will begin selling Fisker’s electric Ocean SUV from seven locations in six states. Mills, which […] [Read More]

Continuing our series of conversations from NADA Show 2024 earlier this month in Las Vegas, Car Pros Automotive Group CEO Matthew Phillips joins the Auto Remarketing Podcast. Phillips and Cherokee Media Group’s Joe Overby discuss the advantages of the franchise dealer model, the move by some EV makers to launch dealerships, standalone used-car stores, the […] [Read More]

Carfluent, a provider of artificial intelligence-driven software to create bilingual vehicle listings for dealerships, has introduced a bilingual car-shopping assistant named Tory. Tory is designed to enhance the shopping experience of Spanish-speaking customers, making it faster and more intuitive. The company said it simplifies vehicle discovery and acts as an entry point to Carfluent’s comprehensive […] [Read More]

Next up on our series of Auto Remarketing Podcast episodes from NADA Show 2024 is a conversation with Casey Ivins of the Costco Auto Program, who connected with Cherokee Media Group’s Joe Overby at the J.D. Power Auto Summit to talk about the used-car market trends he is watching this year, how the Costco Auto […] [Read More]

Rick Case Automotive Group president and CEO Rita Case joined company staff members as volunteers in a program to provide new shoes for children at the Rick & Rita Case Boys & Girls Club of Broward County in Davie, Fla. Rep. Jared Moskowitz (D-Fla.) and his family were also among the volunteers who helped more […] [Read More]

DAS Technology made its pitch at the NADA Show 2024 — and closed the deal. The consumer engagement technology company was the grand prize winner of the NADA Show’s second annual Exhibitor Pitch Competition, a Shark Tank-inspired competition among vendors at the event held earlier this month in Las Vegas. Fifty vendors submitted audio entries […] [Read More]

Ciocca Automotive boosted its already considerable presence in Pennsylvania with the acquisition of Apple Automotive Group from The Stewart Companies. The deal includes Apple’s 10 franchised dealerships in York County, Pa., representing BMW, Ford, Chevrolet, Chrysler-Dodge-Jeep-Ram, Honda, Nissan and Subaru, as well as two used vehicle stores and six collision centers. Haig Partners, which represented […] [Read More]

New-vehicle prices are still well above the old normal, but a new study by automotive data platform iSeeCars.com showed that while manufacturers suggested retail prices continue to soar, selling prices are holding steadier. According to iSeeCars’ analysis of more than 16 million new-car sales between January 2023 and January 2024, the average MSRP of a […] [Read More]