Retail
Dealer group roundup: Awards & acquisitions
Friday, Dec. 10, 2021, 08:54 PM
Auto Remarketing Staff
The National Association of Minority Automobile Dealers and Ally Financial recognized Andrea Park Zadd, who is the president of Cresmont Auto Group in Cleveland, with the “Ally Sees Her” award at NAMAD’s annual conference. The award spotlights women dealership leaders for their commitment to boosting their communities and auto industry diversity. As part of Zadd’s […] [Read More]
2 more initiatives to address need for more auto technicians
Thursday, Dec. 9, 2021, 04:45 PM
Auto Remarketing Staff
This week, NVI Institute Blairsville, NAPA Auto Parts and Universal Technical Institute all announced their latest efforts to help auctions, dealerships and other vehicle repair operations that are all in great need of trained technicians. According to the Bureau of Labor Statistics, demand remains strong for skilled technicians nationally, with the estimation there are approximately […] [Read More]
Sonic’s expansion of EchoPark, plus other dealer group moves
Wednesday, Dec. 8, 2021, 03:27 PM
Auto Remarketing Staff
In addition to a few other dealer group moves this week, Sonic Automotive said Wednesday it has opened an EchoPark delivery center in Baton Rouge, La., the second location in the state for Sonic’s chain of standalone used-car stores. There is also an EchoPark delivery center in New Orleans. Sonic now has 33 EchoPark locations […] [Read More]
Flurry of buy-sell activity among public auto retailers
Tuesday, Dec. 7, 2021, 05:43 PM
Auto Remarketing Staff
Tuesday brought at least a trio of M&A moves among the public auto retailers, as the buy-sell market remains hot in retail automotive. Starting with Asbury Automotive Group, it has completed its purchase of Stevinson Automotive, a deal that includes eight stores and adds annualized revenues of $715 million. The eight Denver dealerships include two Lexus […] [Read More]
CarLotz rolls into Alabama
Monday, Dec. 6, 2021, 03:01 PM
Auto Remarketing Staff
CarLotz is going Mobile. Alabama, that is. The consignment-to-retail used-car marketplace is opening its first-ever hub in the state on Monday. In addition to this facility — located at 3016 Government Blvd. in Mobile — CarLotz plans on opening a second Alabama hub this month in Huntsville. “Our continued expansion in the Southeast and entry […] [Read More]
Dealer philanthropy: Latest activities at Group 1, Foundation Automotive
Friday, Dec. 3, 2021, 02:36 PM
Auto Remarketing Staff
This week, Foundation Automotive and Group 1 Automotive each described their latest charity endeavors. Beginning with Foundation, two of its stores — Kramer Chevrolet and Kramer Subaru — hosted their 15th annual Military and Customer Appreciation Event and Car Show on Sept. 11 with all proceeds going directly to the North Dakota National Guard Emergency […] [Read More]
Used Car Award winners spotlighted at Used Car Week
Thursday, Dec. 2, 2021, 04:58 PM
Auto Remarketing Staff
Cherokee Media Group recognized its 2021 Used Car Awards winners, a program sponsored by KAR Global, at Used Car Week in November. The conference was held Nov. 15-18 at Red Rock in Las Vegas. Spotlighted during the Used Car Awards Luncheon, also sponsored by KAR, were Andy Mohr Ford, the 2021 Franchise Dealer of the Year, […] [Read More]
Sonic adds EchoPark center in Augusta; Lithia’s latest financial moves
Tuesday, Nov. 30, 2021, 03:28 PM
Auto Remarketing Staff
Sonic Automotive continues to expand its standalone used-car store program, announcing Tuesday that it has opened an EchoPark delivery center in Augusta, Ga. This is Sonic’s third EchoPark facility in the state and 32nd overall. “With the opening of our newest EchoPark delivery center, we continue to grow our network in the state of Georgia, […] [Read More]
Carvana opens 2 more vending machines, rolls into another Midwest market
Monday, Nov. 29, 2021, 07:03 PM
Auto Remarketing Staff
November has been another active month at Carvana, which like many used-vehicle retailers is dealing with the headwinds of high wholesale prices and limited supply. Still, Carvana not only expanded its Midwest footprint in November, the retailer also added the 29th and 30th vehicle vending machines to its marketing portfolio. Carvana now offers as-soon-as-next-day vehicle […] [Read More]
Dealer group notes: Activities at Carter Myers, CarMax & Victory Automotive
Monday, Nov. 29, 2021, 05:05 PM
Auto Remarketing Staff
Like many dealer groups, the leadership at Carter Myers Automotive, CarMax and Victory Automotive Group barely had time to enjoy some Thanksgiving turkey, as they were involved either in store acquisitions or major philanthropy efforts. Beginning first with the Carter Myers Automotive (CMA), the 97-year-old Virginia-based family and employee-owned dealer group announced through a news […] [Read More]
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