Group 1 Automotive said Monday it has acquired Larry H. Miller Toyota in Albuquerque, N.M., adding to the retailer’s presence in the Land of Enchantment. The store will be renamed Sandia Toyota and is expected to pull in annual revenues of $115 million. So far this year, Group 1 has acquired revenues of $550 million. […] [Read More]

Another busy week of activities among dealer groups unfolded with more acquisitions, store openings and executives in leadership positions. While Penske Automotive Group made a move overseas, let’s begin this dealer roundup with Foundation Automotive Corp. adding the 30th dealership to its portfolio. On Thursday, Foundation announced its second acquisition so far this year in […] [Read More]

American Honda has expanded the eligibility of its Honda and Acura certified pre-owned programs by adding respective tiers that allow for vehicles up to 10 years in age to be certified.  The Honda brand has launched HondaTrue Used as a CPO program tier, while the Acura brand has debuted Acura Precision Used.  Each of these […] [Read More]

With the opening of Genesis of Lafayette in Louisiana, the Genesis brand now has its first standalone dealership in the U.S. The store, owned and operated by Arthur LeBlanc Jr. and Sterling Automotive Group, is the first of several dealerships Genesis has planned for the U.S., with six additional locations under construction and 20 more […] [Read More]

About a month before NADA Show 2022, Seventh Knight became a part of the NADA Affinity Provider Program. And the provider of unique ransomware protection solutions appeared on this episode of the Auto Remarketing Podcast recorded in Las Vegas, as vice president of business development Travis Odom described how vulnerable to ransomware attacks dealerships are […] [Read More]

During this episode of the Auto Remarketing Podcast recorded this month at NADA Show 2022 in Las Vegas, Ian Isch, executive director of sales and leader development at Edmunds, explained how record used-vehicle prices have complicated the negotiation between dealers and potential buyers about an appraisal and trade-in value. Isch also shared his main recommendations […] [Read More]

Holman Enterprises, a global automotive services company that includes such entities as the Holman Automotive dealership group and the ARI fleet management company, said Monday it is unifying its seven business units under one brand: Holman. In addition to Holman Automotive and ARI, the company also includes Auto Truck Group, Kargo Master, Holman Parts Distribution, […] [Read More]

Here comes more potential financial assistance for aspiring automotive technicians. Garage Gurus, the training and support platform from Tenneco’s DRiV group, said it will again award up to $30,000 in scholarships to future automotive technicians who are accepted or currently enrolled in accredited, U.S.-based automotive technical schools, colleges and universities, or enrolled full-time at a […] [Read More]

With thousands of franchised dealers gathering in Las Vegas earlier this month, this episode of the Auto Remarketing Podcast delves into the potential for fraud happening at dealerships. The March installment of our monthly look at fraud with Point Predictive’s Justin Davis and Frank McKenna includes recommendations to help dealerships keep fraud from coming through […] [Read More]

At the NADA Show in Las Vegas earlier this month, CARFAX recognized a select group of its dealer partners that stand out when it comes to consumer reviews. The company launched “The CARFAX 100,” which spotlights dealers who had more than 100 verified reviews last year and averaged at least 4.9 stars out of 5 […] [Read More]