Dealer group news: A revamped Asbury store in Boston, AutoNation celebrates 10 years of DRV PNK
Friday, Sep. 25, 2026, 02:44 PM
Walser completes largest acquisition to date & brings back Ford to portfolio
Wednesday, Sep. 23, 2026, 03:26 PM
Conifer purchase of Group 1 stock lands upcoming place on dealer group’s board
Tuesday, Sep. 22, 2026, 12:12 PM
Retail
Details of Carvana’s updated operating plan
Auto Remarketing Staff
Carvana said it would share an updated operating plan after it announced the cutting of approximately 2,500 workers last Tuesday. Well, that plan has been released, and it includes not only more details about the future of ADESA operations, Carvana also pinpointed its top two priorities for managing its business. Those priorities include: 1. Rapidly […] [Read More]
12 organizations unite to support catalytic converter anti-theft proposal
Auto Remarketing Staff
Catalytic converter theft now is getting attention on Capitol Hill. The National Automobile Dealers Association, joined by 12 industry partners, sent a letter on Monday to U.S. House Energy and Commerce Committee Chairman Frank Pallone (D-N.J.) and Ranking Member Cathy McMorris Rodgers (R-Wash.) in support of H.R. 6394, a bipartisan bill to combat rising catalytic […] [Read More]
COMMENTARY: How dealers can advertise EVs to grab more market share
Jeff Allen, PureCars
Electric vehicles (EV) have become an extremely polarizing topic over the years. Every day there seems to be dozens, if not hundreds, of articles talking about this segment of the automotive market. However, EVs still make up less than 5% of the total number of cars and trucks sold today, according to the International Energy […] [Read More]
Dealer group notes: Actions by Castle & Penske
Auto Remarketing Staff
While Penske Automotive Group made moves connected with its shareholders, Castle Automotive Group (CAG) reinforced its executive leadership team in the past week. CAG, which currently owns nine dealership locations with 14 franchises throughout Illinois and Northwest Indiana, chose Sean Seltzer to lead its marketing strategy as chief marketing officer. Castle also promoted David Ortiz […] [Read More]
Vroom realigns its business model, reduces employee head count & appoints new CEO
Arlena Sawyers, Correspondent
Vroom Inc. is realigning its business model to prioritize profitability over growth, reduce operational expenses and maximize liquidity, the company’s new chief executive Tom Shortt said during its first quarter conference call on Tuesday. The realignment also calls for company to reduce its employee head count by 270 or approximately 14%, said Bob Krakowiak, Vroom’s chief financial […] [Read More]
Dealer group notes: McGovern’s new Hyundai store; AutoLenders gives to Make-A-Wish
Auto Remarketing Staff
This dealer group roundup includes activities involving a franchised group and an independent group, both located in the Northeast. The McGovern Auto Group, which operates more than 19 dealerships across Massachusetts, New Hampshire and New York, announced the opening of McGovern Route 93 Hyundai. The new dealership, which replaces Bill Dube Hyundai, has 25 staff members […] [Read More]
Dealer group notes: Sonic breaks ground; Nevada Auto Mall sold
Auto Remarketing Staff
While one dealer group broke ground on a new rooftop, another dealer group continued the ongoing trend of acquiring existing stores. Another development in what’s been a busy stretch for Sonic Automotive, the company recently held a groundbreaking ceremony to celebrate the start of construction of Audi Downtown Nashville, a two-story, 35,000-square-foot building located at […] [Read More]
Maroone now advising motormindz
Auto Remarketing Staff
Mike Maroone now is a strategic advisor to the board at motormindz, a highly specialized global automotive consultancy, which said his “name commands attention at every level of our industry.” A renowned entrepreneur, investor and auto retailer, motormindz highlighted through a news release on Tuesday that Maroone is regarded as one of the most influential […] [Read More]
Carvana trims workforce by 2,500 employees
Auto Remarketing Staff
On the same day the company closed its purchase of ADESA, Carvana announced via a filing with the Securities and Exchange Commission on Tuesday a workforce reduction of approximately 2,500 employees. Carvana said the workforce reduction is primarily in operational groups in connection with its previously announced plans “to better align staffing and expense levels […] [Read More]
Yark Automotive launches online used-car platform; Sonic expands EchoPark to Missouri
Auto Remarketing Staff
As franchised dealer groups continue to ramp up their used-car operations, Yark Automotive Group has teamed up with Cox Automotive to launch Yark QuickBuy, an online pre-owned vehicle platform that allows consumers to complete a car-buying transaction digitally in as little as 20 minutes. Yark QuickBuy, which is powered by Cox’s Esntial Commerce technology, provides […] [Read More]
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