David Andrews not only is chairman and CEO of Dealers Auto Auction Group, which currently has 10 auctions located primarily in the Southeast, he’s also the CEO of City Auto Sales, which has two used-car retail locations in Tennessee. Andrews says in an online video about his retail operation, “We started City Auto in 1986, […] [Read More]

Group 1 Automotive sees its success in Houston and Boston being possible in Atlanta because of its “cluster strategy.” The dealer group can use that approach with a footprint of 15 stores in the Georgia metropolis, as Group 1 announced on Thursday that it has signed a definitive agreement to acquire the dealership assets and […] [Read More]

For auto dealerships, heritage runs deep. Approximately 80% of the 18,000 new-car dealerships across the U.S. are family-run businesses, according to the National Automobile Dealers Association (NADA). And despite recent industry consolidation, many are second-, third- and even fourth-generation businesses. As with most family-run operations, a dealership’s name comes to mean something more than a sign on the building. It represents the family’s legacy and commitment […] [Read More]

Just before the end of June, CarGurus announced a significant dealer policy change starting July 14 in response to vehicle advertising and pricing demands by the Federal Trade Commission. Site officials previously said used inventory on its platform without disclosed fees will be categorized as “No Rating” and will move lower in search results. CarGurus […] [Read More]

Like the Gamecock at Williams-Brice Stadium, Holler-Classic Family of Dealerships rightfully has something to crow about. Announcing an expansion to the South Carolina capital, Holler-Classic has purchased four stores in the Columbia, S.C. area. The central Florida-based dealer group announced Tuesday that it has acquired three Nissan dealers and one INFINITI store from Dick Smith […] [Read More]

The publicly traded dealer groups have started reporting quarterly earnings and Auto Remarketing will be sharing the used-car results of each retailer. That begins with Asbury Automotive Group, which reported second-quarter results Tuesday, including a double-digit spike in used-vehicle retail gross profits per unit. Asbury generated $1.094 billion in retail used-vehicle revenue during the quarter, […] [Read More]

Three dealerships are changing hands in the Southwest. Bender Chevrolet GMC, Bender Chrysler Dodge Jeep Ram and Bender Honda Nissan in Clovis, N.M., have been sold to Frank Pena and Brad Bender, according to a news release from Pinnacle Mergers & Acquisitions, which facilitated the sale. Pena will be dealer principal and Bender has joined […] [Read More]