Retail
AutoNation to launch used-car store in Charlotte, signs deal to acquire Priority 1
Friday, Oct. 22, 2021, 04:52 PM
Joe Overby, Senior Editor
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]
Founder’s daughter becomes principal at Yates Buick GMC
Wednesday, Oct. 20, 2021, 06:25 PM
Auto Remarketing Staff
Yates Buick GMC, a family owned dealership near Phoenix with its roots in the used-vehicle industry, was impacted in the most significant way possible because of COVID-19. However, the Yates family is preserving to keep its franchised dealership successful. According to a news release, Whitney Yates-Woods recently became the dealer principal at Yates Buick GMC, […] [Read More]
North Carolina dealer elected next NADA chairman
Tuesday, Oct. 19, 2021, 08:21 PM
Auto Remarketing Staff
The next chairman of the National Automobile Dealers Association hails from the same state as two of nation’s largest dealer groups — as well as this very publication. Mike Alford, president of Marine Chevrolet Cadillac in Jacksonville, N.C., was elected Tuesday by the NADA board to be the association’s 2022 chairman. Alford is NADA’s current […] [Read More]
Sonic lands first CJDR franchise; Group 1 buys Honda store in Calif.
Tuesday, Oct. 19, 2021, 07:46 PM
Auto Remarketing Staff
Sonic Automotive has added its first Chrysler Dodge Jeep RAM franchise. The retailer said Tuesday it has purchased Bobby Ford Chrysler Dodge Jeep RAM in Sealy, Texas. The dealership, which has been renamed Momentum Chrysler Dodge Jeep RAM of Sealy, is Sonic’s 88th franchised dealer location. “We continue to enhance our automotive sales and service […] [Read More]
Association of 11 OEMs ask eBay to stop selling counterfeit airbags
Tuesday, Oct. 19, 2021, 04:08 PM
Auto Remarketing Staff
The Automotive Anti-Counterfeiting Council (A2C2) — which includes 11 automakers and their brands — is asking eBay to halt the sale of all supplemental restraint system (SRS) airbags and components on eBay.com, calling it the only effective way of preventing the sale of dangerous counterfeit airbags on the site. According to testing conducted by the […] [Read More]
AutoNation continues to expand used-car store program
Monday, Oct. 18, 2021, 08:04 PM
Auto Remarketing Staff
Roughly a month after debuting its first AutoNation USA store in Denver, AutoNation said Monday it has opened a second used-car store in the city: AutoNation USA Denver Broadway. This location is the third of five AutoNation USA stores the retailer plans to debut in 2021. AutoNation USA Denver 104 was announced on Sept. […] [Read More]
While not reaching ‘massive growth,’ CPO car sales still ahead of recent years
Wednesday, Oct. 13, 2021, 07:06 PM
Joe Overby, Senior Editor
In a bit of irony, strong demand may indirectly be keeping the certified pre-owned sales from achieving “massive growth.” Still, year-to-date CPO sales through the third quarter are beating year-ago figures by 11% and outpace 2019 numbers by 3%, according to a Data Point report from Cox Automotive that analyzed data from Motor Intelligence. The […] [Read More]
AIADA seeks nominees for David F. Mungenast Sr. Lifetime Achievement Award
Wednesday, Oct. 13, 2021, 06:48 PM
Auto Remarketing Staff
The American International Automobile Dealers Association (AIADA) is seeking nominations for one of the highest honors the organization gives. AIADA asked for nominees to be considered for the David F. Mungenast Sr. Lifetime Achievement Award, which is presented each year during AIADA’s annual meeting and luncheon to a member of the international nameplate auto retail […] [Read More]
Lincoln Tech expands training for Mazda technicians
Wednesday, Oct. 13, 2021, 06:46 PM
Auto Remarketing Staff
For Mazda dealerships in need of qualified technicians for their service drive or reconditioning center, help appears to be on the way. On Wednesday, Lincoln Educational Services Corp. introduced Mazda Automotive Student Training (MAST) at its Union, N.J., campus. School officials said through a news release that students who are enrolled in automotive technology training […] [Read More]
Dealer group notes: CarMax hiring campaign & Sheehy acquisition
Tuesday, Oct. 12, 2021, 04:02 PM
Auto Remarketing Staff
CarMax and Sheehy Auto Stores are both expanding, but in different ways. While CarMax outlined its aggressive hiring strategy for the remainder of the year, Sheehy added two more rooftops to its portfolio of dealerships located near Washington D.C., Baltimore, Hagerstown, Md., and Richmond, Va. According to a news release from Performance Brokerage Services, the […] [Read More]
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