While its net loss and other metrics were on par with expectations, CarLotz had stronger first-quarter retail sales and net revenues than expected. Reporting Q1 results Monday, the consignment-to-retail used-vehicle marketplace moved 2,554 retail units in Q1, beating the year-ago period’s 1,453 retail vehicle sales. CarLotz’s previous guidance had called for 1,900 to 2,100 retail […] [Read More]

Carvana started May picking up right where it left off in April. The online auto retailer, which also shared quarterly results last week, made nine market expansion announcements over the course of Wednesday and Thursday. The moves included its first forays into Oregon, Washington and Mississippi, and further growth in Louisiana. That followed late April […] [Read More]

Within days of boosting its retail portfolio by acquiring a pair of Nissan stores in California, HGreg.com turned its focus solely back on used vehicles Monday when it opened its newest storefront in the Tampa, Fla., market. Situated on a 10-acre property in Hillsborough County, the site in Brandon features a 42,000-square-foot storefront and fulfillment center […] [Read More]

Mike Dorazio opened a Mitsubishi store in Mechanicsburg, Pa., in 2019, and another in Lancaster, Pa., in 2020 right before the pandemic hit. After the start of the pandemic, “I took a different approach than some dealers would: I hit the gas,” Dorazio said in a news release. “I knew that the only way my […] [Read More]

The Ed Morse Automotive Group has entered into the Missouri market by acquiring four dealerships in the state. The company acquired two dealerships in the city of Lebanon, and one each in Saint Robert and Rolla. These new dealerships will be Ed Morse Chevrolet, formerly Lindsay Chevrolet, in Lebanon; Ed Morse Ford, formerly Lindsay Ford […] [Read More]

The Federal Trade Commission released a report on Thursday that involves automakers and service departments at franchised dealerships. In a new report to Congress, the FTC said its analysis identifies numerous types of repair restrictions, such as using adhesives that make parts difficult to replace, limiting the availability of spare parts and making diagnostic software […] [Read More]

Adding to sister hubs in Tampa and outside of Orlando on Merritt Island, CarLotz said it will soon open its third Florida hub. The company’s co-founder and chief executive officer Michael Bor said its consignment model has been successful in the Sunshine State.  “As CarLotz continues to expand across the Southeast, it’s really exciting to […] [Read More]

HGreg.com showed again on Wednesday why it’s one of the fastest-growing automotive groups in North America. The company announced that it has acquired Buena Park Nissan and Puente Hills Nissan, two established retailers located in the greater Los Angeles area. According to a news release, the total value of the investment, including a robust inventory […] [Read More]

Premier Auto Group president Robert Alvine said Scott Burrell is a household name in Connecticut. Burrell is currently the men’s basketball head coach at Southern Connecticut State University and played professionally for 12 years, winning an NBA championship with the 1997-1998 Chicago Bulls. Now, Burrell will serve as a consultant for Premier Auto Group, providing […] [Read More]

Most automotive retailers already understand the power of a fully-optimized Google My Business (GMB) listing, but how many dealers have optimized their GMB listings for marketing used vehicles specifically? As a reminder, a dealer’s GMB listing (or Google Maps listing) is their online yellow page ad, and appears 100% of the time someone does a […] [Read More]