Group 1 Automotive generated notable increases within its used-vehicle department in the United States both during the fourth quarter and for all of 2019. And when company leaders held a conference call to discuss those performances a little more than 30 days into 2020, they shared a positive outlook for Group 1 to post similar […] [Read More]

Team Toyota in Indiana has primarily used CarOffer to acquire inventory, said its used-car manager Mike Miskus. “We’ve purchased over 70 units through the platform in the last couple of months and found it to be a fantastic new way to source upstream vehicles,” Miskus said in a news release. He continued, “It’s allowing us […] [Read More]

It’s already been quite a 2020 for Carvana expansion. The used vehicle e-commerce platform has already made at least 10 expansion announcements since the beginning of the year, with rollouts in states such as Wyoming, Wisconsin and Minnesota. On Jan. 30 and 31, the company brought its services to three markets in Central Valley and […] [Read More]

Admittedly, Asbury Automotive Group didn’t start 2019 as strong as it would have liked on the used-car side. But it was a different story in the fourth quarter, with same-store used-vehicle sales climbing 10% year-over-year. The big driver? Certified pre-owned, where sales jumped 16% year-over-year in Q4, president and chief executive officer David Hult said […] [Read More]

Jim Appleton of the New Jersey Coalition of Automotive Retailers is proud of the generosity of New Jersey’s 510 neighborhood new car dealerships, which he said contribute nearly $16 million each year to hundreds of organizations. “Our members’ ongoing relationship with The Valerie Fund is a testament to the incredible work the Fund does to […] [Read More]

E-commerce platform Carvana describes itself as the fastest-growing auto retailer in the United States. Noting that rapid growth, Carvana founder and chief executive officer Ernie Garcia says “We’re growing incredibly fast and expanding as-soon-as-next-day delivery to more communities every day.” That growth continued with Carvana’s Wyoming launch announcement on Monday, with the company offering as-soon-as-next-day […] [Read More]

More than a decade removed from the Great Recession, media analysts and economists believe there is potential for an economic downturn to occur within the next few years. Despite the speculation, the automotive finance market appears to be strong. In fact, Experian’s Q3 2019 State of the Automotive Finance Market report continues to show year-over-year […] [Read More]

Larry H. Miller Dealerships’ footprint in Albuquerque, N.M. is now seven locations as the company announced its acquisition of Mark’s Casa Chevrolet and Mark’s Casa Chrysler Jeep. The company will rename Mark’s Casa Chevrolet as Larry H. Miller Casa Chevrolet. Mark’s Casa Chrysler Jeep will become Larry H. Miller Casa Chrysler Jeep. The acquisition also […] [Read More]

In this episode of the Auto Remarketing Podcast, we continue with our special episodes recapping general sessions from Used Car Week. Next up is a presentation from Eric Miltsch, co-founder and director of marketing at Dealer Teamwork. His session delves into, "How to Dominate Your Used Car Market: Master Inventory Management & Used-Car Marketing to […] [Read More]

Ricart Automotive Group has “embraced” consumer demands for a smoother car-buying process. And that includes a more digitalized purchasing process, as Ricart has participated in fintech company AutoFi’s Express Checkout program, which facilitates online car sales. It was one of Express Checkout’s delta test dealers back in 2017. But that doesn’t discount the importance of […] [Read More]