Northern California’s Del Grande Dealer Group purchased three dealerships in the first quarter that expand the retailer’s presence in the region and adds Honda to its franchise portfolio. After buying Fremont Hyundai in the fourth quarter, DGDG began 2022 by acquiring Stevens Creek Hyundai and Genesis of Stevens Creek in Santa Clara, as well as […] [Read More]

Carvana said Wednesday it has expanded its presence in Maine, adding the Bangor area to its market count. The online retailer now operates in 314 markets. “We are proud to offer The New Way to Buy a Car to more than 300 cities across the country now and we’re confident Bangor area residents will embrace all […] [Read More]

The Thompson Organization and Walser Automotive Group each ramped up their efforts to help others recently. At Walser, the Minneapolis-based dealer company said it is thinking about the success of its employees in a new way — by focusing on their children. On Tuesday. the dealer group announced an extension of its scholarship program; a […] [Read More]

Auto Remarketing’s sister publication Cary Magazine reported in August that Sonic Automotive would be launching an EchoPark Automotive used-car standalone store in the Raleigh, N.C.-area in early 2022. On Tuesday, that came to fruition, as the retailer announced the opening of a EchoPark retail hub in Cary, a suburb of Raleigh. The location was formerly […] [Read More]

Group 1 Automotive said Monday it has acquired Larry H. Miller Toyota in Albuquerque, N.M., adding to the retailer’s presence in the Land of Enchantment. The store will be renamed Sandia Toyota and is expected to pull in annual revenues of $115 million. So far this year, Group 1 has acquired revenues of $550 million. […] [Read More]

Another busy week of activities among dealer groups unfolded with more acquisitions, store openings and executives in leadership positions. While Penske Automotive Group made a move overseas, let’s begin this dealer roundup with Foundation Automotive Corp. adding the 30th dealership to its portfolio. On Thursday, Foundation announced its second acquisition so far this year in […] [Read More]

American Honda has expanded the eligibility of its Honda and Acura certified pre-owned programs by adding respective tiers that allow for vehicles up to 10 years in age to be certified.  The Honda brand has launched HondaTrue Used as a CPO program tier, while the Acura brand has debuted Acura Precision Used.  Each of these […] [Read More]

With the opening of Genesis of Lafayette in Louisiana, the Genesis brand now has its first standalone dealership in the U.S. The store, owned and operated by Arthur LeBlanc Jr. and Sterling Automotive Group, is the first of several dealerships Genesis has planned for the U.S., with six additional locations under construction and 20 more […] [Read More]

About a month before NADA Show 2022, Seventh Knight became a part of the NADA Affinity Provider Program. And the provider of unique ransomware protection solutions appeared on this episode of the Auto Remarketing Podcast recorded in Las Vegas, as vice president of business development Travis Odom described how vulnerable to ransomware attacks dealerships are […] [Read More]

During this episode of the Auto Remarketing Podcast recorded this month at NADA Show 2022 in Las Vegas, Ian Isch, executive director of sales and leader development at Edmunds, explained how record used-vehicle prices have complicated the negotiation between dealers and potential buyers about an appraisal and trade-in value. Isch also shared his main recommendations […] [Read More]