As the holiday season gets rolling, companies in the auto retail space are giving back to their communities and helping those in need.  Auto Remarketing will keep tabs on these endeavors and share them in coming weeks. Starting with Step One Automotive Group, the retailer kicks off its 25 Days of Giving program on Thursday, when it will […] [Read More]

NADA Show 2023 kicks off in Dallas in less than two months, but one of the nation’s largest dealer groups is already making a move in the DFW area. Lithia & Driveway announced Tuesday that it has purchased Meador Chrysler, Dodge, Jeep, Ram in Fort Worth, which the retailer says is the second-largest CDJR dealership […] [Read More]

Danny Zaslavsky is the dealer principal at Country Hill Motors and managing partner at VINCUE. He was also a speaker during two sessions at Used Car Week in San Diego earlier this month. In this interview, Zaslavsky shares how he juggles dealership work and leading an automotive software startup, how those roles intersect and where […] [Read More]

This dealership news roundup includes both more M&A activities as well as philanthropic endeavors. Beginning with the charity work, Larry H. Miller Dealerships announced last week an expansion of its existing holiday coat drive to include all 12 Arizona dealerships across Metro Phoenix and Tucson through a partnership with Valley of the Sun United Way […] [Read More]

Lithia & Driveway has named a regional president of operations, appointing Adam Chamberlain to the role. Chamberlain, who joins the company after serving as president of Aston Martin NA, will lead Lithia’s consumer optionality strategy, support network development and overseeing the retailer’s operations teams in the East. He will work with Lithia’s three other regional […] [Read More]

There has been a surreal quality to the market developments that have unfolded in the automotive sector through a pandemic-defined economy that has disrupted production without diminishing demand. Nowhere has this manifested itself more dramatically than in the used-vehicle market. Success has been more closely tied to buying (putting cars on lots) than selling (guiding […] [Read More]

Most companies would bemoan a 67% drop in the number of vehicles sold online in the third quarter of 2022. Not so used car retailer Vroom. “We've made the choice to slow down. We slowed down with the intent to continue improving our customer experience. We plan to live within our means while we prioritize […] [Read More]

Slowing used vehicle sales, sliding profits and consumer affordability concerns are pushing Carvana to seek more ways to cut costs, said its top executive. That’s in addition to $90 million in expenses the online used-vehicle retailer slashed in the third quarter that ended Sept. 30, said CEO Ernie Garcia, during the company’s quarterly earnings call […] [Read More]

While blue sky values evidently are becoming harder to assess, most dealers who participated in the 2022 Kerrigan Dealer Survey have strong optimism about the valuation of their dealerships heading into 2023. According to the survey findings released on Monday, 80% of respondents are expecting record valuations to remain steady or increase over the next […] [Read More]

Perhaps law enforcement is making some headway since recent analysis from the National Insurance Crime Bureau (NICB) showed catalytic converter thefts in many U.S. cities are approaching levels not seen in 14 years. The Justice Department said this week that federal, state, and local law enforcement partners from across the United States executed a nationwide, […] [Read More]