After sharing his recommendations for finance companies, Automotive Personnel founder Don Jasensky made a return visit on the Auto Remarketing Podcast to offer insights about how dealerships can find the salespeople they need to cater to today’s vehicle buyers. To listen to the conversation, click on the link available below, or visit the Auto Remarketing Podcast page.  […] [Read More]

When consumers think used cars, many think of CarMax, the nation’s largest publicly traded used-car retailer. And there’s a good reason for that. The company’s reputation as a large-volume used-vehicle retailer shone strong during the company’s fiscal year 2022. CarMax recently released its fourth quarter and full 2022 fiscal year results, and the company’s share of the […] [Read More]

The year that followed Gettacar partnering with the Danis Auto independent dealership got the wheels turning for founder and chief executive Yossi Levi and team. Gettacar, which launched in 2018 as an ecommerce-only online car-buying platform, “transformed” the Philadelphia store in 2020, supplying it with inventory and also utilizing its reconditioning capabilities, Levi said. What […] [Read More]

Roughly about a month after landing a relationship with Kentucky dealerships, ComplyNet this week secured a similar achievement with dealers in a bordering state. The Illinois Automobile Dealers Association announced it chose ComplyNet as an endorsed partner of environmental, health, and safety (EHS) compliance solutions.  ComplyNet said through a news release that it will bring […] [Read More]

Northern California’s Del Grande Dealer Group purchased three dealerships in the first quarter that expand the retailer’s presence in the region and adds Honda to its franchise portfolio. After buying Fremont Hyundai in the fourth quarter, DGDG began 2022 by acquiring Stevens Creek Hyundai and Genesis of Stevens Creek in Santa Clara, as well as […] [Read More]

Carvana said Wednesday it has expanded its presence in Maine, adding the Bangor area to its market count. The online retailer now operates in 314 markets. “We are proud to offer The New Way to Buy a Car to more than 300 cities across the country now and we’re confident Bangor area residents will embrace all […] [Read More]

The Thompson Organization and Walser Automotive Group each ramped up their efforts to help others recently. At Walser, the Minneapolis-based dealer company said it is thinking about the success of its employees in a new way — by focusing on their children. On Tuesday. the dealer group announced an extension of its scholarship program; a […] [Read More]

Auto Remarketing’s sister publication Cary Magazine reported in August that Sonic Automotive would be launching an EchoPark Automotive used-car standalone store in the Raleigh, N.C.-area in early 2022. On Tuesday, that came to fruition, as the retailer announced the opening of a EchoPark retail hub in Cary, a suburb of Raleigh. The location was formerly […] [Read More]

Group 1 Automotive said Monday it has acquired Larry H. Miller Toyota in Albuquerque, N.M., adding to the retailer’s presence in the Land of Enchantment. The store will be renamed Sandia Toyota and is expected to pull in annual revenues of $115 million. So far this year, Group 1 has acquired revenues of $550 million. […] [Read More]

Another busy week of activities among dealer groups unfolded with more acquisitions, store openings and executives in leadership positions. While Penske Automotive Group made a move overseas, let’s begin this dealer roundup with Foundation Automotive Corp. adding the 30th dealership to its portfolio. On Thursday, Foundation announced its second acquisition so far this year in […] [Read More]