The National Independent Automobile Dealers Association’s certified pre-owned program has been brought into an investigation by the NYC Department of Consumer and Worker Protection (DCWP) of multiple dealerships in New York City. On Wednesday, DCWP commissioner Peter Hatch announced cases against two dealer groups — Kings Autoshow and JF Motors — which operate a total […] [Read More]

Investment money is working its way into the automotive space, and not just through acquisitions of auctions and dealerships or software building. On Tuesday, Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, announced the facilitation of a “significant equity investment” by KT Capital Partners into Dealer Solutions & Design, which plans […] [Read More]

Lithia Motors & Driveway and AutoNation respectively announced record third-quarter earnings in October, with both retailers crediting their used-vehicle business for helping them address supply issues. “Our operational teams executed our best-in-class used inventory procurement model to source and recondition a large volume of used vehicles in a highly cost-effective manner,” Bryan DeBoer, Lithia & […] [Read More]

At Roger Beasley Mazda South and its sister stores within the Roger Beasley Imports group, certified pre-owned is not a last-ditch effort or a “save-a-deal” strategy.  In fact, it’s presented right up front as a viable option — even when the customer is looking for a new car. “On the first or second pencil, however […] [Read More]

While not quite on the same level as the bold acquisition of the Larry H. Miller Dealerships and Total Care Auto, Asbury Automotive Group is continuing to build its dealership portfolio in the Rocky Mountains. According to a news release from Performance Brokerage Services that helped to broker the transaction, Asbury added to its footprint […] [Read More]

The top leaders of Cherokee Media Group and the National Automobile Dealers Association shared a conversation for this episode of the Auto Remarketing Podcast. In this wide-ranging discussion, Bill Zadeits asks Mike Stanton about how his past positions prepared him to lead NADA, the emergence of electric vehicles and why some parts of the used […] [Read More]

Mighty Distributing System, which provides parts, lubricants and other supplies for service departments, recently added the 14th dealership group to its franchise system. Now operating three Mighty Auto Parts franchises in two states is the Florida-based Step One Automotive Group. According to a news release, the new Mighty businesses are based in Orlando, Fla., Pensacola, […] [Read More]

On Thursday, CarMax gave an initial gift of $100,000 and started a philanthropic partnership with Operation Homefront, a national nonprofit serving America’s military families. According to a news release, CarMax already had quite a connection with the military since more than 1,700 company associates served in the armed forces. “As an organization that has thousands […] [Read More]

Tasca Automotive Group has purchased two Buick GMC dealerships in Florida from the Norris family, according to an announcement from The Presidio Group, which advised the sellers. Tasca owns another Buick GMC store in Melbourne, Fla., in addition to several stores throughout the Northeast and Midwest. The purchase of Buick GMC Palm Harbor and Buick […] [Read More]

The Queen City is already home to two of the nation’s largest auto retailers in Sonic Automotive and Hendrick Automotive Group, each of which is headquartered in Charlotte, N.C. And soon Charlotte will have standalone used-car stores from two of the country's publicly traded dealer groups. AutoNation announced in its quarterly earnings report Thursday that […] [Read More]