Retail
As transportation and mobility leans towards tech, so does auto dealership construction
Monday, Oct. 14, 2024, 01:50 PM
Joe Overby, Senior Editor
Kiosk exhibits from electric vehicle charging, cybersecurity, EV fleet, artificial intelligence, autonomous vehicles and robotics companies lined the Startup Village in MOVE America’s convention center space in Austin, Texas.
Conference speakers flanking the exhibition space discussed topics like vehicle connectivity, electrification and autonomy.
The MOVE America conference, held last month at the Austin Convention Center, was a microcosm of [Read More]
Cherokee Media Group’s 2024 Innovator of the Year: Baumann Auto Group
Friday, Oct. 11, 2024, 11:33 AM
Alysha Webb, Correspondent
An out-of-state customer tried to buy a used BMW over the phone from Baumann Auto Group. When the buyer’s credit application came through, Baumann had the buyer take a photo of their driver’s license using QuickScan, a document authentication software from 700Credit. The software informed Baumann that not only did the would-be buyer not live […] [Read More]
Dealer news: Case gifts vehicle to carjack victim; acquisition a win for Victory
Thursday, Oct. 10, 2024, 02:22 PM
Auto Remarketing Staff
Glenda Defas thought she was going to Rick Case Honda to buy a car. Instead, she received the gift of a lifetime. Defas, who lost her previous vehicle in a terrifying carjacking, fell to her knees in thanks when Rick Case Automotive Group president and CEO Rita Case told her the dealership was giving her […] [Read More]
myKaarma named a certified partner for Nissan, INFINITI dealerships
Wednesday, Oct. 9, 2024, 01:43 PM
Auto Remarketing Staff
myKaarma has earned Nissan’s seal of approval. The provider of dealership communication and payment software said it has been selected for certification as a partner in Nissan’s NCAR Service and INFINITI’s ICAR-X Service programs, which myKaarma said makes it the “go-to provider” of integrated service systems for the Nissan brands. The company said Nissan and […] [Read More]
Omega Advisors launches with industry veteran Gerrick Wilkins at the helm
Wednesday, Oct. 9, 2024, 01:43 PM
Auto Remarketing Staff
There’s a new entry in the dealership buy-sell market. Omega Advisors Inc., a consulting firm specializing in auto dealership mergers and acquisitions, announced its launch. In a news release, the company, led by industry veteran Gerrick Wilkins, said it offers decades of expertise in dealership valuations, strategic planning and transaction management. Omega said Wilkins is […] [Read More]
2024 CPO Dealer of the Year: Longo Lexus
Tuesday, Oct. 8, 2024, 12:30 PM
Joe Overby, Senior Editor
For El Monte, Calif.-based Longo Lexus, which has ranked among the automaker’s top 10 stores for certified pre-owned sales the past two years and three of the last five, a key driver of success is training the dealership staff on the value of CPO.
“Especially Lexus — they have one of the best CPO programs around,” said James Nguyen, the store’s preowned manager. “So, we’re building value, and that’s one of those things that can help us sell the car much easier.”
That staff training starts with a philosophy that runs through Penske Motor Group, which ... [Read More]
AutoCanada stays with CDK in a long-term extension
Tuesday, Oct. 8, 2024, 11:43 AM
Auto Remarketing Staff
AutoCanada, fighting to bring itself back to profitability, and CDK, recovering from the financial and reputational sting of a devastating cyberattack, are in it together. The dealership software provider announced a long-term extension of its agreement with AutoCanada, which operates 83 franchised dealerships and six RightRide used car stores in eight Canadian provinces and the […] [Read More]
Group 1 continues British expansion with another dealership and new UK CEO
Monday, Oct. 7, 2024, 03:42 PM
Auto Remarketing Staff
Group 1 Automotive made two acquisitions in the United Kingdom last week: a dealership and a CEO. The U.S.-based dealership group added Soper of Lincoln BMW/MINI in the county of Lincolnshire, north of London, to its extensive U.K. holdings. Group 1 said the acquisition is expected to generate approximately $125 million in annual revenue. Group […] [Read More]
Auto retail, motorsports giants of Charlotte team up to donate $2M for hurricane relief efforts in Southeast
Monday, Oct. 7, 2024, 03:01 PM
Auto Remarketing Staff
In North Carolina, particularly the half west of Greensboro, no sport outside of college basketball has as deep of roots as NASCAR. And in the aftermath of deadly and devastating Hurricane Helene, from those roots comes support as solid as an oak — thanks to two homegrown giants of the sport and the respective Charlotte-based […] [Read More]
Carvana’s latest milestone: 4 million cars bought and sold
Friday, Oct. 4, 2024, 11:18 AM
Auto Remarketing Staff
Carvana has reached a major milestone. The online used car retailer announced Thursday it has sold more than 2 million cars and purchased more than 2 million cars from customers since it was founded in 2013. “Carvana’s mission has always been to change the way people buy and sell cars, and we are honored to […] [Read More]