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Retail
Zeigler buys land to expand Illinois BMW store
Wednesday, Apr. 7, 2021, 07:44 PM
Auto Remarketing Staff
Like many of their retail contemporaries, Zeigler Auto Group is in growth mode. But in this case, the Kalamazoo, Mich.-based group is expanding via what’s already in place at its one of its Illinois luxury rooftops. Zeigler recently announced that it has purchased four acres of property adjacent to its existing BMW of Orland Park […] [Read More]
Robin Hill: Auto sales professional, ‘joy specialist’ & author
Tuesday, Apr. 6, 2021, 09:00 PM
Joe Overby, Senior Editor
Robin Hill has worn, and wears, a number of hats. Hill, who was an honoree in Auto Remarketing’s inaugural Women in Retail program in 2019, is an ordained minister, motivational speaker and is a client advisor at Hendrick Lexus Charlotte. She’s also an author, with one book, titled “Urban Joy,” published in 2013 and another, […] [Read More]
ASE to honor auto service pros in June
Tuesday, Apr. 6, 2021, 07:41 PM
Auto Remarketing Staff
National Institute for Automotive Service Excellence president and chief executive officer Tim Zilke said automotive service professionals go above and beyond to provide essential services. They ensure that vital vehicles stay in service to perform their important roles and help keep the motoring public on the road, he said. Those are some of the reasons ASE […] [Read More]
Addition of Mercedes-Benz brand meets long-time goal for Jim Ellis group
Monday, Apr. 5, 2021, 07:49 PM
Auto Remarketing Staff
The portfolio for Jim Ellis Automotive Group now includes the Mercedes-Benz brand. The group, which operates dealerships in Atlanta and surrounding areas, has acquired its 20th dealership, 16th brand and first dealership in the south Atlanta area: Mercedes-Benz of Atlanta South. New and existing customers will soon be able to shop for their new or […] [Read More]
Dealers share best practices for CPO
Friday, Apr. 2, 2021, 03:01 PM
Joe Overby, Senior Editor
To recognize the dealers leading the certified pre-owned car business, the April issue of Auto Remarketing will feature our annual special section spotlighting "The Best CPO Dealers in the USA." As part of that issue, we reached out to dealers to share their best practices in CPO. Here is what a couple of them had to say: Question: Share […] [Read More]
CarMax to acquire full ownership of Edmunds
Thursday, Apr. 1, 2021, 12:45 PM
Auto Remarketing Staff
After purchasing a minority stake in the company in early 2020, CarMax said Thursday it will acquire the remaining shares of Edmunds. The retailer invested $50 million in the online car shopping guide in January 2020, acquiring a minority stake. The deal for CarMax to acquire full ownership of Edmunds is expected to close in […] [Read More]
LMP signs deal to buy majority share of 2 New York stores
Wednesday, Mar. 31, 2021, 07:23 PM
Auto Remarketing Staff
In its second acquisition-related move in less than a week, LMP Automotive Holdings said Tuesday it signed a definitive agreement to purchase 85% of both Central Avenue Chrysler Jeep and Chrysler Jeep of White Plains. Both stores are located in the New York metro area: the former is located in Yonkers, N.Y.; the latter in […] [Read More]
Dealers with most CPO vehicle sales in 2020
Wednesday, Mar. 31, 2021, 03:16 PM
Joe Overby, Senior Editor
To recognize the dealers leading the certified pre-owned car business, the April issue of Auto Remarketing will feature our annual special section spotlighting "The Best CPO Dealers in the USA." We reached out to automakers across the industry and requested their respective top 10 certified pre-owned dealer lists based on full-year 2020 sales. The full brand-by-brand CPO sales rankings […] [Read More]
Fisher to serve as CFO for Turo
Tuesday, Mar. 30, 2021, 07:43 PM
Auto Remarketing Staff
Charles Fisher will join peer-to-peer car sharing marketplace, Turo, as its new chief financial officer. In his new post, Fisher will lead all aspects of Turo’s finance, investor relations and accounting functions. Fisher will also be responsible for financial operations and bringing profitable growth. Most recently, Fisher was with Charter Communications, serving in the role of […] [Read More]
Lithia expands in Southwest with latest purchase
Tuesday, Mar. 30, 2021, 04:14 PM
Auto Remarketing Staff
Editor's note: Includes updated figure from Lithia on total acquired annualized revenues. Lithia Motors & Driveway has expanded its presence in the Southwest with the purchase of Avondale Nissan in Phoenix. The acquisition announced Tuesday would add $75 million in annualized revenue for the retailer. Lithia’s purchases since launching a five-year plan nine months ago […] [Read More]
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