These are the cars your dealership has known since Day 1. They’re the cars your customers are looking for. And now Carfax is letting your customers which ones they are. The provider of vehicle history reports has introduced the Carfax Homegrown badge, which appears on eligible Carfax reports to signal a vehicle that was sold […] [Read More]

About a year ago, Sonic Automotive announced that its EchoPark Automotive used-car program had secured naming rights to what was then Atlanta Motor Speedway. The move was seen as a natural fit, given the family lineage of and ties between Speedway Motorsports — which owns the track — and Sonic. EchoPark Speedway, as the Hampton, […] [Read More]

In the current automotive retail market, many dealer principals are considering expansion, and it is estimated that there are currently eight buyers for every dealer considering a sale of the business. This imbalance is driven by a unique confluence of factors: deep cash reserves from the “golden years” of 2021-2024, a trending plateauing interest rate […] [Read More]

Feldman Automotive Group made its biggest deal yet. The dealership group, based in New Hudson, Mich., has acquired Firelands Auto Group from Patrick O’Brien, a transaction that includes four stores in Northern Ohio. The addition of Firelands Chrysler Dodge Jeep Ram, Firelands Toyota and Firelands Honda in Sandusky, and Firelands Chevrolet in Vermilion brings Feldman’s […] [Read More]

Hertz is known for renting cars, but its future is in sales. The latest new venture for Hertz Car Sales is a digital retail presence on eBay, one of the world’s largest online automotive marketplaces, which “advances Hertz’s strategy to make retail its primary sales channel,” the company said in a news release. The company […] [Read More]

The six publicly traded car dealer groups have released their first-quarter operating results in recent days, and with that, Auto Remarketing is recapping how the used-car department fared at each retailer. We continue with the second of three parts of the analysis, recapping the results at Lithia & Driveway and Penske Automotive Group. The opening installment included […] [Read More]

The torch has officially been passed for Asbury Automotive Group. David Hult, the Atlanta-based dealership group’s president and CEO since 2018, has transitioned to the position of executive chairman effective today, ceding the president/CEO role to chief operating officer Dan Clara. Asbury announced the leadership transition plan late last year. “During his tenure, David Hult […] [Read More]

The six publicly traded car dealer groups have released their first-quarter operating results in recent days, and with that, Auto Remarketing is recapping how the used-car department fared at each retailer. We’re breaking this recap up into three parts, starting with AutoNation, Asbury Automotive Group and Group 1 Automotive. AutoNation boosts sales of late-model units […] [Read More]

Fletcher Jones Automotive Group knows its sweet spot, and it’s added another dealership that fits squarely in it. The Newport Beach, Calif.-based dealership group has purchased Mercedes-Benz of Beverly Hills from Group 1 Automotive, according to the Presidio Group, which advised the seller in the transaction. “This acquisition is a natural next step for Fletcher […] [Read More]

As consolidation continues in the dealership world, easily moving used inventory between stores is becoming increasingly important to a seamless customer experience. One dealer management system is structured so that dealers using it can not only more easily sell used inventory, but also integrate their AI vendor, or vendors, of choice to help do so. […] [Read More]