Retail
Lithia names Google Automotive Services lead to board of directors
Auto Remarketing Staff
Personal transportation company Lithia Motors named Shauna McIntyre to its board of directors. McIntyre is currently program lead for Google Automotive Services at Alphabet Inc. McIntyre previously served in positions for Honeywell International, Achates Power, Ford Motor Co., and Egon Zehnder International. Lithia Motors emphasized McIntyre’s knowledge of the future of automotive technology and personal […] [Read More]
Holman opens ‘all-in-one’ store that includes subscriptions, digital retail
Auto Remarketing Staff
Buy a car, sell an existing car, access a vehicle subscription. Finance, insurance and service a car. The ability to take care of all those tasks at one place is the promise of the latest used-car offering from Holman Automotive. The dealership group has launched Holman GO in Princeton, N.J., taking an “all-in-one approach” and giving […] [Read More]
Auction Direct USA upgrades site for ease of shopping
Auto Remarketing Staff
Auction Direct USA has upgraded its website to make used-vehicle shopping easier. Visitors to the Auction Direct USA website at auctiondirectusa.com will find up-to-date inventory of available used vehicles, including domestic and foreign-branded sedans, hatchbacks, crossovers, SUVs, minivans and pickup trucks. The company said pickup trucks are popular on the site, and the Chevrolet Silverado, GMC […] [Read More]
Sonic hosts its first women’s leadership symposium
Auto Remarketing Staff
In line with what Sonic Automotive says is its leadership team’s desire to build a culture of inclusion and opportunity for female leaders at all levels within the company, the auto retailer will host its inaugural women’s leadership forum on Sunday in Houston. The symposium, which is open to all Sonic Automotive and EchoPark Automotive […] [Read More]
AutoNation stockholders elect Baltimore, Gerard to board of directors
Auto Remarketing Staff
AutoNation’s stockholders on April 18 elected Thomas Baltimore Jr. and Steven Gerard to the auto retailer’s board of directors. Since January 2017, Baltimore has been chairman, president and chief executive officer of Park Hotels & Resorts Inc., a lodging real estate investment trust. Gerard was chief executive officer of integrated business services and products provider CBIZ Inc. […] [Read More]
EchoPark achieves profitability, should break $1B in revenue for 2019
Joe Overby, Senior Editor
Sonic Automotive’s EchoPark program has turned a corner in a big way. The retailer’s line of standalone used-car stores is now profitable and should break $1 billion in revenues this year, Sonic said Thursday in reporting financial results for the first quarter. And the dealership group’s leadership believes its EchoPark operations will eventually outpace its […] [Read More]
Trade evaluation tools ripe for buyer competition
Jim Leman, Correspondent
Consumer-centric vehicle trade-in tools are fertile ground today for dealers’ competition for buyers. More sophisticated than ever, these tools offer more confidence, transparency and often a guarantee for consumers hoping a dealer will buy their car — and for dealers looking for the kind of trades (at the right price) for their used-car departments. Whether […] [Read More]
Helping dealer groups get trade-ins to the right location
Auto Remarketing Staff
It’s a challenge for dealer groups: how to get the right trade-ins to the right rooftops at the right price. The Appraisal Lane says that when a customer with a trade-in is online or in the showroom, dealer groups can access the Enterprise Trade View product from the convenience of their mobile devices in real […] [Read More]
Expectations for used-car & new-car sales this month
Joe Overby, Senior Editor
What does the used-car market look like in the first full month of spring? Slower than March, but still above 3 million unit sales for the month, with a seasonally adjusted annualized rate north of 39 million, according to one industry observer. Edmunds is calling for 3.4 million used-car sales this month, which would be down […] [Read More]
Hireology, Maritz aim to boost dealer employee retention
Auto Remarketing Staff
A partnership between a hiring and talent management company and an automotive marketing services company could be a big step to helping solve what is said to be an automotive industry-wide problem: employee retention. Hiring and talent management platform Hireology has partnered with automotive marketing services company Maritz to help dealers identify the best candidates […] [Read More]
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