Report: Used commercial vehicle sales sagging as new sales soar
Wednesday, Jan. 29, 2025, 02:47 PM
Dealer news: Indiana’s Farabaugh named TIME Dealer of the Year; Lithia makes another acquisition
Tuesday, Jan. 28, 2025, 04:42 PM
Dave Cantin Group shakes up leadership team to ‘staff up’ for ‘milestone’ 2025
Tuesday, Jan. 28, 2025, 03:04 PM
Retail
PODCAST: Maggie Pugesek of C&M Coaching on handling internet leads
Monday, Oct. 16, 2023, 11:08 AM
Auto Remarketing Staff
What happens when a prospect contacts a dealership through its website? Maggie Pugesek knows. In her role as partner and lead trainer for C&M Coaching, she “mystery shops” dealerships and trains them on handling phone calls and internet leads. On this episode of the Auto Remarketing Podcast, Pugesek discusses how dealers can make the most […] [Read More]
Dealer news: Longo Toyota to auction off limited edition GR Corolla for local schools
Friday, Oct. 13, 2023, 03:04 PM
Auto Remarketing Staff
Longo Toyota, which bills itself as the world’s largest Toyota dealership, is going all in for education. The El Monte, Calif., dealership is auctioning off a 2023 Toyota GR Corolla MORIZO, with all proceeds to be donated to the El Monte Schools and Vision To Learn. The auction will take place virtually from Oct. 18-24, […] [Read More]
AMT taps Boyd as new managing director
Friday, Oct. 13, 2023, 12:12 PM
Auto Remarketing Staff
Former Cox Automotive executive Mike Boyd has joined AutoMobile Technologies as its new managing director, AMT’s parent company Repair OnDemand announced. The company said Boyd, who will report directly to Repair OnDemand president Randy Kobat, will lead AMT’s expansion efforts and “drive continued success within the car dealership market.” Boyd most recently served as senior […] [Read More]
KBB report shows EV sales on pace to surpass 1 million for the first time
Friday, Oct. 13, 2023, 11:59 AM
Auto Remarketing Staff
Electric vehicle sales are charging ahead at record pace, according to the latest data from Kelley Blue Book. KBB’s Q3 EV sales volume report, released Thursday, showed more EVs were sold in the third quarter of 2023 than in any previous quarter as EVs earned a record market share. Total EV sales for the U.S. […] [Read More]
Dealer news: AutoNation employees deliver on Drive Pink Across America Day
Thursday, Oct. 12, 2023, 11:39 AM
Auto Remarketing Staff
Employees of AutoNation celebrated the company’s Drive Pink Across America Day on Thursday with an act of service for those battling cancer. A team of South Florida AutoNation associates gathered at Hard Rock Stadium in Miami Gardens to fill 450 Totes for Hope cancer comfort bags, and delivered them throughout the afternoon to patients undergoing […] [Read More]
CarMax rings in its 30-year celebration at New York Stock Exchange
Wednesday, Oct. 11, 2023, 02:21 PM
Auto Remarketing Staff
CarMax’s 30th birthday party was a real bell-ringer. The nation’s largest used-car retailer celebrated its 30 years in business by ringing the closing bell Tuesday at the New York Stock Exchange. President and CEO Bill Nash and vice president of corporate social responsibility Laura Donahue — a founding CarMax associate — did the honors, accompanied […] [Read More]
Brown to leave Ally to lead Hendrick Automotive Group
Wednesday, Oct. 11, 2023, 12:57 PM
Auto Remarketing Staff
Jeffrey Brown is moving from one of the biggest players in all of automotive to another. Ally Financial announced Wednesday that Brown will be stepping down early next year after serving as chief executive officer and a member of Ally’s board of directors since 2015. According to a news release, following his departure, Brown will […] [Read More]
Dealer notes: Mitsubishi store sells in Florida; Congressional visit in Washington State
Tuesday, Oct. 10, 2023, 12:12 PM
Auto Remarketing Staff
This dealer news roundup includes another buy-sell move in the Sunshine State as well as a member of Congress traveling from Washington, D.C., to visit a Kia dealership in his district in Washington State. According to a news release from Performance Brokerage Services distributed on Tuesday, Crown Automotive Group sold Crown Mitsubishi in St. Petersburg, […] [Read More]
Carvana ventures into the mountains with newest sponsorship
Tuesday, Oct. 10, 2023, 11:48 AM
Auto Remarketing Staff
Last October, Carvana became the title sponsor for the Professional Pickleball Association (PPA). This week, the online used-vehicle retailer finalized its newest sports partnership in another growing outdoor activity, forging a relationship with renowned professional mountain biker and Red Bull athlete Jaxson Riddle ahead of the world’s premier big-mountain freeride event, Red Bull Rampage. According […] [Read More]
Shift to file for bankruptcy, closes stores & website
Monday, Oct. 9, 2023, 02:50 PM
Auto Remarketing Staff
For the second month in a row, a major used-vehicle retailer filed for bankruptcy with the intention of shutting down operations. Late on Friday, Shift Technologies announced that it and its subsidiaries intend to file a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court to […] [Read More]