If your dealership actually has a plentiful amount of certified pre-owned inventory to retail this Memorial Day weekend, the experts at Edmunds are steering potential buyers toward it — especially if that customer isn’t interested in waiting for a new model to arrive from the factory. “If you’re a habitual new-car buyer, certified pre-owned inventory […] [Read More]

AutoNation, TrueCar and wear blue: run to remember all collaborated to give a vehicle to a Gold Star Family member through the DrivenToDrive initiative. TrueCar’s DrivenToDrive initiative was started in 2016, inspired by Army Ranger and DrivenToDrive ambassador, Cory Remsburg, who was severely injured while serving in Afghanistan. According to a news release, the program […] [Read More]

Perhaps what’s now available at Advance Auto Parts will help calm any apprehension about battery status of used hybrid and electric vehicles your dealership's potential buyers might have. On Monday, the automotive aftermarket parts retailer announced the introduction of DieHard EV with xEV by Clarios, becoming what the company said is the first auto parts […] [Read More]

It’s been rough sledding for some dealerships, especially independent operators, to find the inventory they need with the ongoing wholesale price and volume landscape. However, that’s not been the case at all for Mike Wimmer, chief executive officer and Founder of AutoLenders, an independent operation in business since 1979 that retails and leases used vehicles […] [Read More]

This roundup of dealer group news begins with another dealership changing hands. According to a news release sent on Thursday, Vaughan Automotive has purchased Mike Calvert Toyota, one of the fastest-growing Toyota dealerships in Houston. While the pandemic made it challenging for many businesses, Vaughan Automotive said Mike Calvert Toyota retained its entire staff and […] [Read More]

Carvana said it would share an updated operating plan after it announced the cutting of approximately 2,500 workers last Tuesday. Well, that plan has been released, and it includes not only more details about the future of ADESA operations, Carvana also pinpointed its top two priorities for managing its business. Those priorities include: 1. Rapidly […] [Read More]

Catalytic converter theft now is getting attention on Capitol Hill. The National Automobile Dealers Association, joined by 12 industry partners, sent a letter on Monday to U.S. House Energy and Commerce Committee Chairman Frank Pallone (D-N.J.) and Ranking Member Cathy McMorris Rodgers (R-Wash.) in support of H.R. 6394, a bipartisan bill to combat rising catalytic […] [Read More]

Electric vehicles (EV) have become an extremely polarizing topic over the years. Every day there seems to be dozens, if not hundreds, of articles talking about this segment of the automotive market. However, EVs still make up less than 5% of the total number of cars and trucks sold today, according to the International Energy […] [Read More]

While Penske Automotive Group made moves connected with its shareholders, Castle Automotive Group (CAG) reinforced its executive leadership team in the past week. CAG, which currently owns nine dealership locations with 14 franchises throughout Illinois and Northwest Indiana, chose Sean Seltzer to lead its marketing strategy as chief marketing officer. Castle also promoted David Ortiz […] [Read More]

Vroom Inc. is realigning its business model to prioritize profitability over growth, reduce operational expenses and maximize liquidity, the company’s new chief executive Tom Shortt said during its first quarter conference call on Tuesday. The realignment also calls for company to reduce its employee head count by 270 or approximately 14%, said Bob Krakowiak, Vroom’s chief financial […] [Read More]