Used-car operations continue to be a strong suit for the publicly traded dealer groups, including some who plan to add to thriving standalone pre-owned store programs. In this story, we recap the highlights from what the public retailers said of their used-car activities in the first quarter.  At Sonic Automotive, its EchoPark Automotive standalone pre-owned […] [Read More]

Lithia Motors & Driveway continues its expansion path, this time adding more muscle in the Northeast. The retailer announced Tuesday it has acquired Planet Honda in Union, N.J., a store expected to bring in $230 million in annual revenues. “We are excited to welcome Bill Feinstein and his dedicated team to the Lithia and Driveway […] [Read More]

Brodie Cobb, the founder and chief executive officer of The Presidio Group, joins the Auto Remarketing Podcast to discuss why the dealership buy-sell market has been so hot over the last six to nine months. Cobb also addresses the potential for buyers coming in from outside the industry and much more. Plus, he explains what made […] [Read More]

It’s been a busy week for Carvana near the picturesque mountains of Utah and along the shores of the Gulf of Mexico. But Carvana hasn’t been on vacation. Rather, the company opened seven more locations to expand its digital retailing footprint for onsite delivery to 279 markets. The newest locations where Carvana now does business […] [Read More]

One of the biggest misconceptions is that good people leave organizations for monetary reasons.  While this may seem logical, I have come to find that this is simply not the case. One of the aspects of my business is to identify & provide talent to the automotive dealerships of Ontario.  In doing so, I have […] [Read More]

Continuing what it describes as a rapid expansion, CarLotz said it will soon open its first California hub. The move will be CarLotz’s first expansion into California, which CarLotz co-founder and chief executive officer Michael Bor described as “one of the nation’s most diverse, inclusive and dynamic states.” CarLotz, a consignment-to-retail used vehicle marketplace, said it […] [Read More]

Quantum5, a company that provides a "social advocacy learning platform" to provide training on the people skills and behavioral strategies that the digital environment demands, said Monday it has hired fixed ops specialist Dave Foy and is acquiring his Fixed Ops Mastermind and Vision and Values Coaching brands. Foy’s 30-plus years in the industry includes time […] [Read More]

In a key complement to our Women in Remarketing and Women in Auto Finance franchises, Auto Remarketing is proud to celebrate our third annual Women in Retail awards, a program sponsored by CarGurus. With these awards, we specifically recognize leaders on the retail side of the auto industry, including honorees from dealerships, dealer groups and third-party providers/vendors. The honorees for 2021, listed […] [Read More]

In honor of Earth Day, car-sharing marketplace Turo said Thursday it has become the first car-sharing or car rental marketplace to offset 100% of its estimated global carbon emissions. This commitment will offset emissions based on the total number of miles driven on Turo trips, and all emissions from its global office footprint. The company […] [Read More]

AutoNation currently has five standalone used-car stores. The retailer wants to have more than 130 AutoNation USA locations open by the end of 2026. That target store count would include the five existing AutoNation USA stores. The retailer plans to have five additional USA stores finished by late this year, then add 12 more in […] [Read More]