Auto Remarketing Staff

Group 1 Automotive announced this week it has expanded its business presence in El Paso, Texas with the acquisition of new Audi and Subaru stores. And in other news to stem from top dealer groups, Penske Automotive Group’s board of directors has also reported it approved an increase in the cash dividend to... Read More

Joe Overby, Senior Editor

CarLotz has expanded beyond the borders of Virginia and North Carolina with the opening its first location in Florida on Monday. The Tampa store is the sixth location for the Richmond, Va.-based used-vehicle consignment business, which launched in 2011 and expanded from the Virginia capital city to Chesapeake,... Read More

Auto Remarketing Staff

Undoubtedly, Julio Jones likely would rather be preparing to play in the Super Bowl for the second consecutive year as a member of the Atlanta Falcons. But since his team lost in the NFL playoffs to the Philadelphia Eagles, which did advance to Super Bowl LII this coming Sunday in Minneapolis, Jones will instead be in... Read More

Sheehy dealerships give $150K to local charities

Auto Remarketing Staff

Sheehy Auto Stores announced Friday that its dealerships in the Washington, D.C. area, Baltimore and Richmond, Va., raised $150,000 for 22 local charities as part of Sheehy's annual giving program. The company said that each of its dealerships partnered with local non-profit organizations to give... Read More

CPO likely to break another record, but growth slows

Joe Overby, Senior Editor

Cox Automotive economists are expecting approximately 2.7 million certified pre-owned vehicle sales in 2018, and if that comes to fruition, it will be the eighth straight year of record CPO sales. But the acceleration in certified sales is not what it has been in prior years amid what is a slowdown in... Read More

Market shift could lead many from new cars to used

Joe Overby, Senior Editor

Edmunds expects approximately 3.1 million used-car sales this month, which would be up from the 2.7 million used-car sales in December. The seasonally adjusted annualized rate is expected to come in at 38.9 million, up from 38.7 million last month. That would be a strong start to what Cox Automotive chief economist... Read More

Auto Remarketing Staff

Perhaps dealers in New Jersey can add one more item to their checklist when they’re finalizing the delivery process. Just before leaving office, Gov. Chris Christie signed legislation establishing an emergency contact registry for vehicles that requires the New Jersey Motor Vehicle Commission (MVC) to allow... Read More

LHM opens new Mercedes-Benz store in Utah

Auto Remarketing Staff

Larry H. Miller Dealerships announced the opening of its Mercedes-Benz of Draper dealership on Thursday. The dealership was formerly named Mercedes-Benz of Lindon and recently relocated to a newly built 45,069-square-foot building on 5.5 acres of land in Draper, Utah. Mercedes-Benz of Draper includes a... Read More