David Andrews not only is chairman and CEO of Dealers Auto Auction Group, which currently has 10 auctions located primarily in the Southeast, he’s also the CEO of City Auto Sales, which has two used-car retail locations in Tennessee. Andrews says in an online video about his retail operation, “We started City Auto in 1986, […] [Read More]

Next up in Auto Remarketing’s series examining the used-car results of the publicly traded dealer groups is Group 1 Automotive, which reported quarterly results Thursday, along with a major purchase in the Atlanta market. Looking at its pre-owned results, Group 1 sold 53,469 used retail units during the second quarter, down 11.2% from Q2 2025. […] [Read More]

Group 1 Automotive sees its success in Houston and Boston being possible in Atlanta because of its “cluster strategy.” The dealer group can use that approach with a footprint of 15 stores in the Georgia metropolis, as Group 1 announced on Thursday that it has signed a definitive agreement to acquire the dealership assets and […] [Read More]

For auto dealerships, heritage runs deep. Approximately 80% of the 18,000 new-car dealerships across the U.S. are family-run businesses, according to the National Automobile Dealers Association (NADA). And despite recent industry consolidation, many are second-, third- and even fourth-generation businesses. As with most family-run operations, a dealership’s name comes to mean something more than a sign on the building. It represents the family’s legacy and commitment […] [Read More]

Just before the end of June, CarGurus announced a significant dealer policy change starting July 14 in response to vehicle advertising and pricing demands by the Federal Trade Commission. Site officials previously said used inventory on its platform without disclosed fees will be categorized as “No Rating” and will move lower in search results. CarGurus […] [Read More]

Like the Gamecock at Williams-Brice Stadium, Holler-Classic Family of Dealerships rightfully has something to crow about. Announcing an expansion to the South Carolina capital, Holler-Classic has purchased four stores in the Columbia, S.C. area. The central Florida-based dealer group announced Tuesday that it has acquired three Nissan dealers and one INFINITI store from Dick Smith […] [Read More]

Auto Remarketing continues its reporting on the second quarter used-vehicle results of the six publicly traded dealer groups. Next up is Penske Automotive Group, where a take-private bid has made headlines in recent days. But as far as the Q2 numbers are concerned, here’s how the used-car operations of the retailer fared. Penske moved 59,070 […] [Read More]

Lithia & Driveway posted its best-ever second quarter revenues, but the highlight in its pre-owned operations was a sharp quarter-to-quarter increase in used-car profits per unit. Releasing second-quarter results Wednesday, Lithia said it sold 106,114 used retail units in the second quarter, down 2.7% year-over-year. So far this year, it has moved 215,265 used retail […] [Read More]

The publicly traded dealer groups have started reporting quarterly earnings and Auto Remarketing will be sharing the used-car results of each retailer. That begins with Asbury Automotive Group, which reported second-quarter results Tuesday, including a double-digit spike in used-vehicle retail gross profits per unit. Asbury generated $1.094 billion in retail used-vehicle revenue during the quarter, […] [Read More]

Three dealerships are changing hands in the Southwest. Bender Chevrolet GMC, Bender Chrysler Dodge Jeep Ram and Bender Honda Nissan in Clovis, N.M., have been sold to Frank Pena and Brad Bender, according to a news release from Pinnacle Mergers & Acquisitions, which facilitated the sale. Pena will be dealer principal and Bender has joined […] [Read More]