Shift’s merger with CarLotz has officially closed, the company announced Friday. The deal for CarLotz, a consignment-to-retail used-car marketplace, to merge with Shift, a used-car ecommerce platform, was first announced in August. CarLotz shareholders at the time of the merger receive roughly 0.705 shares of Shift common stock for each CarLotz common stock they own. […] [Read More]

Lithia & Driveway has acquired its first Ferrari dealership and spread its footprint into Colorado. The retailer said Tuesday it has purchased Ferrari of Denver, which is the only Ferrari store in the greater Rocky Mountains region. The dealership also sells vehicles from Bentley and other luxury brands. Lithia anticipates Ferrari of Denver will generate […] [Read More]

The holiday spirit continues at dealership groups across the country. On Friday, the Jim Ellis Automotive Group announced the kickoff of its annual holiday giving campaign to support Children’s Healthcare of Atlanta. During December, each of the retailer’s 20 locations will donate a portion of all vehicle sales to The Aflac Cancer and Blood Disorders […] [Read More]

For this dealership M&A roundup, we go to Southern California. Group 1 announced Thursday that it has purchased Mercedes-Benz of Anaheim, which bumps the retailer’s Mercedes store count to 17 throughout the U.S. and U.K. Group 1’s purchases this year represent acquired annual revenues of $940 million. Last year, the retailer had acquired revenues of […] [Read More]

CarMax said on Thursday that it has reached a settlement with the attorneys general of 36 states to resolve a 2014 inquiry surrounding its advertising and sales practices related to vehicle recalls. According to a news release from New York attorney general Letitia James, the multistate coalition secured $1 million from CarMax for failing to […] [Read More]

Cherokee Media Group recognized its 2022 Used Car Awards winners, an overall program sponsored by KAR Global, at Used Car Week in November. The conference was held Nov. 14-17 at the Manchester Grand Hyatt in San Diego. Spotlighted during the Used Car Awards Luncheon, also sponsored by KAR, were the following: CPO Dealer of the […] [Read More]

As the holiday season gets rolling, companies in the auto retail space are giving back to their communities and helping those in need.  Auto Remarketing will keep tabs on these endeavors and share them in coming weeks. Starting with Step One Automotive Group, the retailer kicks off its 25 Days of Giving program on Thursday, when it will […] [Read More]

NADA Show 2023 kicks off in Dallas in less than two months, but one of the nation’s largest dealer groups is already making a move in the DFW area. Lithia & Driveway announced Tuesday that it has purchased Meador Chrysler, Dodge, Jeep, Ram in Fort Worth, which the retailer says is the second-largest CDJR dealership […] [Read More]

Danny Zaslavsky is the dealer principal at Country Hill Motors and managing partner at VINCUE. He was also a speaker during two sessions at Used Car Week in San Diego earlier this month. In this interview, Zaslavsky shares how he juggles dealership work and leading an automotive software startup, how those roles intersect and where […] [Read More]

This dealership news roundup includes both more M&A activities as well as philanthropic endeavors. Beginning with the charity work, Larry H. Miller Dealerships announced last week an expansion of its existing holiday coat drive to include all 12 Arizona dealerships across Metro Phoenix and Tucson through a partnership with Valley of the Sun United Way […] [Read More]