For those who enjoy spring more than summer, the certified pre-owned vehicle market this year is kind of like the weather in the South. It “peaked in April” and just got worse from there, according to a report Tuesday from Cox Automotive. There were 205,924 CPO sales in June, compared to … [Read More]

Morrie’s Auto Group has purchased fellow Minneapolis area-based Forest Lake Auto Group, according to a news release Monday from Haig Partners, who was the sell-side advisor to Forest Lake in the deal. “It’s been my pleasure to work with a great staff at these two stores to serve many thousands of customers in the greater […] [Read More]

Auto Remarketing is recognizing the 2022 Women in Retail honorees in the current issue of the magazine and at Used Car Week this fall in San Diego.  With these awards, we specifically recognize top leaders on the retail side of the auto industry, including honorees from dealerships, dealer groups and third-party providers/vendors Over the next few weeks, AR will be posting Q&As with […] [Read More]

Auto Remarketing is recognizing the 2022 Women in Retail honorees in the current issue of the magazine and at Used Car Week this fall in San Diego.  With these awards, we specifically recognize top leaders on the retail side of the auto industry, including honorees from dealerships, dealer groups and third-party providers/vendors Over the next few weeks, AR will be posting Q&As with […] [Read More]

Auto Remarketing is recognizing the 2022 Women in Retail honorees in the current issue of the magazine and at Used Car Week this fall in San Diego.  With these awards, we specifically recognize top leaders on the retail side of the auto industry, including honorees from dealerships, dealer groups and third-party providers/vendors Over the next few weeks, AR will be posting […] [Read More]

automotiveMastermind, also known as aM, said Thursday it has launched a product that will allow dealers to reach out to consumers in their portfolios who have a vehicle with an open recall. Dealers will be able to view open recall data and then connect with the customer to schedule a repair appointment. The data will be […] [Read More]

This roundup of dealer news includes one group rolling out an online retail platform fueled by Cox Automotive’s technology, while another group is growing its footprint near the nation’s capital. Beginning on the acquisition front, Graham Holdings Co., announced on Wednesday that it has acquired a Toyota dealership and a Chrysler-Dodge-Jeep-Ram dealership in Woodbridge, Va., […] [Read More]

Group 1 Automotive has exited Brazil. The dealer group said Tuesday it has closed on the disposition of its operations in the South American country, after nine years there. Group 1’s wholly owned subsidiary GPI SA, LLC closed the sale under the share purchase agreement with Original Holdings S.A. UAB Motors Participações Ltda., which is […] [Read More]

It could be a challenging close to the first half of the year at dealerships on the retail sales front based on the expectations from the experts at Cox Automotive, Edmunds, J.D. Power and TrueCar. Beginning first with the used-vehicle sales forecast from TrueCar, analysts are predicting June used sales to reach … [Read More]

As hot as those fireworks that will explode during the upcoming Fourth of July weekend is dealership M&A activity since two more transactions became public knowledge on Wednesday. Beginning with the McGovern Automotive Group, the New England franchised store operator announced its 20th dealership acquisition during the past five years. Now part of the group […] [Read More]