Auto Remarketing is collaborating with Podium to host a free webinar focused on one of the most important ways dealerships connect with their customers nowadays: digitally. Podium marketing specialist Hayley Sonntag plans to share a quartet of takeaways for dealerships of all sizes during the session titled, “4 Ways Dealerships Can Attract and Service Customers, […] [Read More]

Seems like a summer of sequels for dealership acquisitions. While blockbusters aren’t driving folks to theaters these days, movie star Mark Wahlberg continues to add to the coffers of a different line in his business portfolio. Less than a month after it was announced the actor/producer and his business partner, Jay Feldman, had purchased two […] [Read More]

One of the largest trainers of automotive service technicians reinforced its senior leadership on Tuesday. Universal Technical Institute announced two additions to its leadership team in support of the company’s work to accelerate its growth initiatives, while continuing to deliver strong student outcomes and service to industry customers.  Bart Fesperman has joined the company in […] [Read More]

Dealership personnel is likely doing a lot of driving nowadays. Picking up and returning vehicles from appointments in the service drive. Or delivering vehicles to potential buyers for test drives and possible purchase. All of these activities stem from the coronavirus pandemic and stores trying to cater to customers wary of going to the dealership. […] [Read More]

Continuing our reports on how used-car operations fared for the publicly traded dealer groups during the second quarter, next up we have Group 1 Automotive. Looking specifically at the retailer’s U.S. operations, Group 1 reported total revenues of $1.8 billion during the quarter, which was down 19.6% year-over-year. Group 1 pulled in total gross profits of […] [Read More]

Dealerships that leverage marketing tools from Dealer Specialties and Experian now have more robust information to present potential buyers about their inventory. Dealer Specialties announced on Thursday that it has teamed with Experian to make C.A.R.Score reports available within Experian’s AutoCheck vehicle history reports. The companies highlighted this new relationship is an added benefit to […] [Read More]

Sonic Automotive’s line of standalone used-car stores proved to be a major bright spot during the second quarter, as EchoPark Automotive notched a 52% year-over-year hike in segment income, the retailer said Thursday in its Q2 earnings release. Saying such a gain underscores “the leverage and profit potential of this model,” Sonic and EchoPark president […] [Read More]

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]