Auto Remarketing continues our reporting on 2020 used-vehicle sales for the public retailers, this time looking at Group 1 Automotive, which released its quarterly and full-year earnings report on Thursday. Group 1 has international operations, but for the purposes of consistency, we isolate the U.S. results for this story. And similar to what its peers […] [Read More]

The auto industry hit some bumps in the road during 2020, but there were some bright spots, including some positives in pre-owned.  Those were evident in earnings releases as the public dealer groups began reporting full-year results this week. For instance, Lithia Motors increased its used-vehicle retail revenue by 13.4% in 2020, and sold 7.5% more used […] [Read More]

Carvana made its Louisiana debut on Wednesday. The online retailer announced it was bringing its as-soon-as-next-day touchless home delivery to Lafayette, then made three subsequent announcements that it was launching in the Louisiana cities of Alexandria, Lake Charles and Baton Rouge, as well. In the first announcement on Carvana’s offering in Lafayette, Carvana’s founder and chief executive officer Ernie […] [Read More]

The National Automobile Dealers Association for several years has kept a tradition of making a philanthropic donation to a local organization in the city where its NADA Show takes place. Last year, for example, NADA donated $50,000 to the Nellis Support Team in Las Vegas. That nonprofit organization supports airmen and their families at Nellis […] [Read More]

DealerPolicy announced a $30 million round of Series B funding on Tuesday, which the company plans to use for developing its insurance marketplace serving the auto retail business as well as expanding its team. The latter includes the addition of a president and chief operating as well as a senior vice president of sales. Named president and […] [Read More]

Asbury Automotive Group announced Monday it appointed longtime Toyota executive William Fay to its board of directors. The appointment of Fay was effective Thursday. Asbury chief executive officer David Hult said the appointment of Fay could place Asbury in a stronger position to execute on its five-year strategic plan that the company released in December. Fay, who spent more […] [Read More]

A new program called AAA Inspected, powered by SureSale, provides information to help consumers to feel sure about the used vehicle they are purchasing. That includes an independent inspection by a certified mechanic and a Factfile vehicle report. AAA Club Alliance and used-vehicle platform SureSale on Monday launched the program, which also provides a thorough […] [Read More]

Kia has produced Super Bowl advertisements for 10 years. But rather than advertise in Super Bowl LV on Feb. 7, Kia will “Accelerate the Good.” The automaker will continue that program, which it started in 2019 with the Great Unknowns Scholarship to help young people in need participate in higher education. The start of the […] [Read More]

While it likely will be some time before the decision significantly impacts your dealership’s used-vehicle industry, General Motors put a timeline on when it wants to depart from the business of manufacturing vehicles that run on gasoline or diesel fuel. On Thursday, GM announced that it is looking to eliminate tailpipe emissions from new light-duty […] [Read More]

Through a new partnership between Schomp Automotive and Safe-Guard Products International, Schomp Automotive now provides an F&I product package to Schomp dealers under the One Protect brand, along with OEM-branded products. Schomp Automotive Group, a family-owned dealer group with eight stores in Colorado and Utah, said the One Protect brand includes 12 fully branded protection […] [Read More]