Haig Partners LLC has named a director of marketing and business development, hiring Aimee (LaBrake) Allen for the position. Allen had previously been an independent consultant for firms providing car dealers with accounting, banking, business valuation and succession planning services. Her background includes team heading up marketing and growth for DHG Dealerships. “We pride ourselves […] [Read More]

Penske Automotive Group said Thursday it has opened a CarShop location in Scottsdale, Ariz., which is its eighth used-car standalone store in the U.S. and 23rd worldwide. The store features a 45,000-square-foot facility located at the Scottsdale AutoShow on the Salt River Pima-Maricopa Indian Community. “We are certain that our new Scottsdale location will become […] [Read More]

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]