The used-car market was a strong suit for publicly traded dealer groups in the first half of the year, including Asbury Automotive Group and Penske Automotive Group, both of which released earnings reports this week. Starting with Asbury, it retailed 50,375 used vehicles during the first half of the year, a 30% increase from the same […] [Read More]

In addition to a couple moves on the franchised side of its operations, Sonic Automotive said Wednesday it has opened an EchoPark Automotive delivery center in Pensacola, Fla., the fifth new EchoPark location the retailer has announced in the past week. Sonic launched its first Florida location for EchoPark last year, opening a Tampa location […] [Read More]

After announcing the opening of three EchoPark Automotive locations last week, Sonic Automotive has expanded its standalone used-car store program yet again. And Lithia & Driveway continues its rapid M&A activity. Starting with the Sonic news, the retailer said Tuesday it has opened an EchoPark delivery center in Louisville, Ky. “The demand for a modern, […] [Read More]

Continuing a buzz of M&A activity among auto retailers, Zeigler Auto Group said Monday it has purchased four stores in Wisconsin from Home Run Auto Group, a move that marks its first acquisition in the state. The four acquired stores include Honda of Racine, Toyota of Racine, Kenosha Subaru, and Racine Hyundai, which have been […] [Read More]

LMP Automotive Holdings said Monday it has signed a definitive agreement to buy a Chrysler Dodge Jeep Ram dealership in New York and its associated real estate. Included in the purchase price is $11 million for goodwill and $8.2 million for the associated real estate. It is expected to be funded through cash on the […] [Read More]

Cox Automotive teamed up with Penske Automotive Group to build an automated technology platform that will facilitate online used-car sales at Penske’s U.S. CarShop used-vehicle SuperCenters and franchised stores. Shortly after the platform was announced, Cox Automotive executives Kelly Mulroney and Mike Barrington joined the Auto Remarketing Podcast to share more details on how the platform […] [Read More]

It was a busy week for Sonic Automotive’s standalone used-car store program. On Thursday, the retailer announced an EchoPark Automotive retail sales center in Marietta, Ga., to serve the greater Atlanta market as well as an EchoPark delivery center in Salt Lake City. Then on Friday, Sonic added an EchoPark delivery center in Greensboro, N.C. […] [Read More]

Penske Automotive Group and Cox Automotive have built an automated technology platform that will facilitate online used-car sales at Penske’s U.S. CarShop used-vehicle SuperCenters and franchised stores.  Cox Automotive exclusively owns the automated online buying platform and its artificial intelligence retail technology tool, Esntial Commerce, powers the online buying. Among the features are personalized monthly […] [Read More]

Lithia & Driveway nearly doubled its used-vehicle revenue in the second quarter, part of an all-around strong first half for the dealer group’s pre-owned operations. Starting with those revenue figures, Lithia pulled in $1.80 billion in used retail revenue during Q2, a 95.7% year-over-year increase. In the first half of the year, Lithia’s used retail […] [Read More]

Larry H. Miller Dealerships said that its employees and 89 of its vendors and business partners raised a record $500,000 for charity through the recent Larry H. Miller Dealerships Golf Classic. The group presented a check for that amount to Larry H. Miller Charities, which is the philanthropic arm of its parent company. “The funds […] [Read More]