Retail
CDK goes small with new dealership software system built for the little guys
Wednesday, Mar. 19, 2025, 12:56 PM
Auto Remarketing Staff
In an era of “go big or go home,” CDK is going small. The auto industry’s largest dealership software provider, used by major dealership groups throughout North America, has launched a system for the little guys — the CDK Fundamentals Suite, a scalable core business system designed for one- to two-rooftop franchise dealerships and independent […] [Read More]
February used-car sales jump could bolster improving dealer sentiment
Tuesday, Mar. 18, 2025, 10:05 AM
Auto Remarketing Staff
While certified pre-owned sales ticked up only marginally, Cox Automotive spotted “the largest jump seen in recent years,” when analysts combed over retail used-vehicle sales information for February. And the estimated sales lift might continue to help dealer sentiment that Cox Automotive said already was improving. According to an analysis of Cox Automotive’s vAuto Live […] [Read More]
Report: Dealership buy-sell market hits another record in 2024
Monday, Mar. 17, 2025, 05:08 PM
Auto Remarketing Staff
The auto dealership buy-sell market continues to soar at record pace. Kerrigan Advisors’ 2024 Blue Sky Report showed 2024 was the busiest year ever, with 438 completed dealership transactions, up 10% from 2023’s record total of 397. Those transactions represented 697 franchises sold, the second-most ever and a 2.5% jump from 2023, an increase the […] [Read More]
Dealer news: Ala. dealership becomes United Way Star; Midway Motors grows in Kan.
Friday, Mar. 14, 2025, 10:44 AM
Auto Remarketing Staff
An Alabama dealership has become a star when it comes to raising funds for charity. Howard Bentley Buick GMC was presented with the Star Award for the most improved 2024-2025 workforce campaign by the United Way of Marshall County, for raising funds for the local community. The dealership credited the leadership and dedication of its […] [Read More]
CarData-Velocity partnership acquires Tristar to move into Southern California
Wednesday, Mar. 12, 2025, 03:30 PM
Auto Remarketing Staff
CarData and Velocity Automotive Marketing are expanding their partnership into Southern California with the acquisition of Tristar Digital Services. CarData, a provider of vehicle inventory photography, said the strategic acquisition strengthens its reach and “enhances its ability to deliver high-quality automotive photography and digital merchandising solutions to dealerships throughout the region.” “Our mission has always […] [Read More]
Automotive Ventures gains funding from Assurant Ventures
Wednesday, Mar. 12, 2025, 03:13 PM
Auto Remarketing Staff
Automotive Ventures general partner Steve Greenfield works with a wide array of investors and start-up companies. Greenfield can now add Assurant Ventures to his list of industry collaborations. The venture capital investment arm of Assurant on Wednesday announced an investment in Automotive Ventures’ Mobility Fund II. The fund focuses on identifying and supporting innovative early-stage […] [Read More]
Cars.com recognizes success in consumer reviews with Dealer of the Year Awards
Tuesday, Mar. 11, 2025, 12:49 PM
Auto Remarketing Staff
Car-shopping marketplace and dealer reputation site Cars.com honored more than 1,000 dealers throughout North America with its annual Dealer of the Year Awards. The company said the winners were selected based on more than 1.3 million online consumer reviews submitted in 2024 according to drivers of repeat and referral business, including average star rating, total […] [Read More]
New president Gordon promoted to lead Dave Cantin Group’s ‘evolution’
Monday, Mar. 10, 2025, 02:47 PM
Auto Remarketing Staff
Dave Cantin Group announced it has promoted chief business and strategy officer Brian Gordon to president of the company and its related businesses. In a news release, the mergers and acquisitions advisory company said Gordon, who has been with the company for two years, is tasked with leading the “ongoing evolution of the DCG business […] [Read More]
Dealer news: NABD co-founder exits dealership business; Rick Case Honda celebrates No. 1 status
Friday, Mar. 7, 2025, 01:22 PM
Auto Remarketing Staff
Ingram Walters is out of the car business. And Charlie Tomm is back in. The longtime dealer and co-founder of the National Alliance of Buy Here-Pay Here Dealers has sold his last dealership, Bob Mayberry Hyundai in Monroe, N.C., to Pablo River Partners, a Jacksonville, Fla.-based investment firm headed by chairman and CEO Tomm, according […] [Read More]
COMMENTARY: Part 3 of dealership succession planning; choosing to capitalize and exit
Friday, Mar. 7, 2025, 11:13 AM
George Pero, Mach10 Automotive
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]
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