Shift, which merged with CarLotz in 2022, is ending its operations of the East Coast CarLotz stores it obtained in that merger and will instead put its efforts toward developing omnichannel capabilities at its other locations and focus on its path to profitability, the company said Thursday. A local dealership group is taking on the store leases, […] [Read More]

North Carolina-based Team Automotive Group has added a store from the Palmetto State next door. The retailer said Thursday it has closed on its deal to acquire to Addy’s Harbor Dodge Ram Fiat in Myrtle Beach, S.C., which is Team Automotive’s first store in South Carolina. With the purchase, the group now has seven stores […] [Read More]

A couple of developments surfaced this week after the National Automobile Dealers Association wrapped up NADA Show 2023. First, NADA welcomed the reintroduction of the Preventing Auto Recycling Theft (PART) Act (S. 154) by four U.S. Senators. Then, the association’s workforce initiative received a $30,000 donation from Assurant. NADA explained the PART Act would assist […] [Read More]

Along with announcing the winners of the 6th annual Women Driving Auto Retail Contest, the National Automobile Dealers Association revealed the upcoming start of a program aimed at addressing one of the most pressing needs at dealerships. On Friday at NADA Show 2023 in Dallas, officials from NADA, National Urban League and Urban League of […] [Read More]

Both incoming and outgoing chairs of the National Automobile Dealers Association addressed their peers during NADA Show 2023 in Dallas. During his first address on Saturday, 2023 NADA chairman Geoffrey Pohanka stressed that franchised “dealers and their OEMs essentially want the same things: to give customers a great buying experience and to sell a lot […] [Read More]

In this roundup of dealership M&A moves, we start with one of the largest public groups and its major move in the aftersales space. AutoNation announced it has closed its $190 million acquisition of RepairSmith, a mobile auto repair and maintenance provider. The deal was first announced in December. “Apart from the important outcome of […] [Read More]

Bob Grill, senior partner development manager at CARFAX and host of "Just the Fax" podcast, joins the Auto Remarkerting Podcast ahead of NADA Show 2023. Grill and senior editor Joe Overby talk about the upcoming convention, what dealers should be paying attention to in the used-car space, CARFAX's work in wholesale and much more. To […] [Read More]

She was among Auto Remarketing’s annual Remarketing & Used-Car Industry’s 40 Under 40 honorees in 2019, and Melanie Wilson now is interim CEO of the National Independent Automobile Dealers Association. In this episode of the Auto Remarketing Podcast, Wilson shared her initial thoughts on taking on this role and what her most important priorities are. […] [Read More]

Parks Automotive Group, which owns 13 stores throughout the Carolinas and Virginia, has purchased two dealerships near the Charlotte, N.C. area from Jack Salzman and Robin Salzman: Lake Norman Chrysler Dodge Jeep Ram and Gastonia Chrysler Dodge Jeep Ram. That’s according to a news release from Haig Partners, which was the sell-side advisor on the […] [Read More]

Trusted Sale started out in 2018 as a platform to help private parties sell their vehicles easier and more safely. After expanding in various ways since then, the company has now started a program to certify used electric vehicles. Paul Brobson is founder and CEO of the company, which also included a certified pre-owned program […] [Read More]