Tom Staszak, who is senior managing director of mergers & acquisitions at Generational Equity, joins the Auto Remarketing Podcast to talk about the rise in dealership buy-sell activity. In this episode, we discuss the drivers of that M&A growth, why it makes sense for some stores to exit, and moves in the auto industry at large. […] [Read More]

CARFAX announced Tuesday it has launched the CARFAX Lifetime Dealer program, which allows participating dealers to show consumers their respective stores are providing “full access to CARFAX products whether they’re buying, servicing, or trading in their used car.” In other words, a mark of distinction for the dealers providing such services throughout the used-car lifecycle. […] [Read More]

Separate announcements from DCG Acquisitions, part of the Dave Cantin Group (DCG), and Haig Partners detailed how a dealer group in the Northwest as well as another one in the Southeast each became bigger this week. DCG represented both parties in the larger of the two newest developments, as the Gee Automotive Companies — among […] [Read More]

Sonic Automotive said Tuesday it has purchased Sun Chevrolet in Chittenango, N.Y., following its acquisition of three Used Car King pre-owned stores from same group back in December 2020. Joe Caputo founded Sun Chevrolet in 1979. He and son Todd Caputo ran that store along with the three used-car standalone stores in Central New York. […] [Read More]

The final numbers have been tallied, and it turns out that last year’s certified pre-owned sales fell short of the record high by just over 2%. That’s according to a Data Point report from Cox Automotive, citing an analysis of Motor Intelligence data.  There were 2,748,164 certified sales in 2021, which beat prior-year figures by […] [Read More]

Michael Strahan was perhaps the NFL’s most dominating defensive player of the 2000s. He’s a Super Bowl winner and a Pro Football Hall of Famer. But he’s also Renaissance man. These days, Strahan juggles the tasks of journalist, broadcaster, host/entertainer and businessman. While they might not have any sack records like Strahan — who is […] [Read More]

Former AutoNation executive and current Maroone USA founder and chief executive officer Mike Maroone is taking home the hardware as the 2022 David F. Mungenast Lifetime Achievement Award winner. The board of the American International Automobile Dealers Association presents the award each year to “an industry leader who possesses a similar community spirit and devotion […] [Read More]

General Motors said Tuesday it is launching an omnichannel used-car sales platform called CarBravo, where consumers will be able to shop for pre-owned vehicles from both dealer inventory and a national central stock. Non-GM used vehicles will also be included in the program, which lets consumers shop online, in-store or a combination of both. “CarBravo […] [Read More]

General Motors is looking for another way to incentivize potential buyers of its certified pre-owned vehicles. On Monday, the automaker launched the all-new My GM Rewards loyalty program for Chevrolet, Buick, GMC and Cadillac customers, with part of the rewards being the potential assistance toward delivery of a certified vehicle. The loyalty program features three […] [Read More]

Risk Point, a full-service program manager and provider of insurance underwriting and claims expertise to the dealership sector, recently named two new vice presidents for underwriting as well as sales and marketing. Taking on the role as VP of sales and marketing is Pepper Snider, who will be will be responsible for driving profitable growth […] [Read More]