One of the impacts of stronger used-car retail sales is downward movement in supply, both in terms of retail and wholesale figures. According to a mid-month update of the Manheim Used Vehicle Value Index, the supply of retail used vehicles was most recently at 34 days (based on a vAuto data-driven, seven-day estimate). A typical […] [Read More]

Similar to how other organizations have had to do with their in-person events, the National Independent Automobile Dealers Association is taking its annual showcase to the digital world. According to an announcement distributed late on Friday, the 2020 NIADA|NABD Convention and Expo is going fully virtual. Due to ongoing and recent developments in the COVID-19 […] [Read More]

Warren Henry Auto Group is grooming future automotive technicians who still are high-school students. The group that’s been in business since 1976, recently announced the new Warren Henry Technician program in partnership with Miami Dade Public Schools. With this initiative, Warren Henry is hoping to reduce the current shortage of technicians in south Florida and […] [Read More]

Sheehy Auto Stores is again looking to support the American Heart Association through a program happening at all of its dealerships. On Friday, the company announced the beginning of the 23rd annual Sheehy 8000 Sales Race, a community-wide initiative in which all 29 Sheehy dealerships sell vehicles while raising awareness and funds to benefit the […] [Read More]

Lithia Motors has added a Subaru dealership in Southern California to its store count, launching what management calls a “series of acquisitions planned for the second half of the year.” The retailer said Tuesday it has brought DCH Subaru of Thousand Oaks, Calif., into the fold, bringing Lithia’s physical footprint up to 189 locations across […] [Read More]

Cheryl Miller, who in April had been granted a leave of absence from her position as AutoNation’s president and CEO for health reasons, has decided not to return and has resigned from AutoNation and its board of directors, a move that was effective Tuesday. AutoNation said it has entered a contract with Mike Jackson, who […] [Read More]

In this episode of the Auto Remarketing Podcast, Cherokee Media Group president Bill Zadeits chats with Paul Brobson, the founder and chief executive of Trusted Sale. The company started as a way to facilitate peer-to-peer online transactions, eventually growing into automotive. Last year, Trusted Sale launched what it says is the first CPO program for […] [Read More]

CarMax plans on finishing the rollout of its omni-channel experience — which allows consumers to tailor their car-buying and delivery experience — by the end of next month. This was among a range of updates shared via email by the nation’s largest used-car retailer, which this spring also added a CarMax Curbside option to its […] [Read More]

With vehicle service contract companies and auto repair facilities ranking as some of the most distrusted industries by consumers, two companies in those spaces said they are committed to working together to change this reputation by providing transparency and higher levels of quality in vehicle repair. ProGuard Warranty announced on Wednesday that it formed a […] [Read More]

Asbury Automotive Group’s deal to purchase Park Place Dealerships is back on, with revised terms from the previously announced agreement in December, the retailer announced Monday. More details and an update on that transaction can be found below. In other dealer group M&A news, Lithia Motors said Tuesday it has acquired Smolich Chrysler Jeep Dodge […] [Read More]