This week, the footprint of the Sewell Automotive Companies in the Lone Star State became even larger thanks to involvement by the Presidio Group. According to a news release from the investment bank specializing in retail automotive and related M&A transactions, Park Place Dealerships completed the sale of Jaguar North Austin and Land Rover North […] [Read More]

Like it was for many retailers in the automotive space, it was a challenging second quarter and first half for Penske Automotive Group’s Used Vehicle SuperCenters due to the COVID-19 pandemic. But some bright spots emerged for these stores toward the end of Q2, according to a rundown of quarterly results released by the retailer on […] [Read More]

On Wednesday, Lithia Motors continued what has already been a busy second half of expansion for the dealer group. The retailer said it has purchased BMW of San Francisco, a dealership it projects will bring $210 million in annual revenues. “We’re very pleased to announce that we have expanded our network in our Southwest Region […] [Read More]

Asbury Automotive Group set a used-car record during the second quarter: a fifth of its pre-owned sales were done online. Announcing quarterly results Tuesday, Asbury had a couple other used-car strong points during Q2, including a 10% hike in average used-vehicle retail gross profit per unit and a 60 basis-point increase in gross margins on […] [Read More]

The coronavirus pandemic is preventing numerous in-person business meetings and other gatherings. But JM&A Group is still trying to keep its dealers and other clients informed about company developments and other industry trends that might have been shared across boardroom tables or in small get-togethers. In an effort to further engage automotive professionals and provide […] [Read More]

In addition to revealing it would be debuting at least 20 more standalone used-car stores in the coming years, AutoNation’s quarterly earnings results announcement this week included data on its overall used-car operations. And while sales were down, gross profits in used were up. Here is a look at the retailer’s pre-owned results, starting with […] [Read More]

Potential vehicle buyers might be watching more television nowadays while at home to curb the spread of the coronavirus. With that potential in mind, CARFAX launched two new additions this week to its national television ad campaign, focused on stopping “the shame of overpaying” for a used vehicle. CARFAX says it has  the most accident and […] [Read More]

In late October 2016, AutoNation first announced its intentions to build a network of standalone pre-owned vehicle sales and service centers called AutoNation USA. The company first opened locations in places such as Phoenix, Las Vegas and Katy, Texas. On Thursday morning as part of releasing its second-quarter financial statement, AutoNation shared plans for expansion […] [Read More]

Jessica Stafford, who is vice president and general manager of Autotrader and Kelley Blue Book, returns to the Auto Remarketing Podcast to discuss a whitepaper detailing "Lead Quality and Why it Matters More Now than Ever." In this episode, Stafford discusses lead quality, dealership employee efficiency, Autotrader's Dealer Home Services program and more.  To listen to this […] [Read More]

In a quarter where the retailer notched an earnings record, Lithia Motors also reported strong results in its used-car operations as it released second-quarter fiscal results on Wednesday. Offering some overall commentary on the quarter, Lithia president and chief executive Bryan DeBoer said in a news release: “The strong sequential improvements throughout the quarter, coupled […] [Read More]