Retail
Auto show takes ‘Hands On’ approach to fighting cancer
Auto Remarketing Staff
In addition to its long history of building vehicles, Hyundai has long supported the fight against pediatric cancer. Hyundai Hope on Wheels is a 501(c)(3) non-profit organization that works to find a cure for pediatric cancer, and the automaker says Hope on Wheels is one of the largest non-profit funders of pediatric cancer research in […] [Read More]
Carvana keeps up its busy launch schedule
Auto Remarketing Staff
The announcements regarding Carvana’s growth just keep on coming. The e-commerce platform came out with the news in February that it opened in its 100th market— in Savannah, Ga. — as well as in five Northeast markets. Prior, in January, it announced it was launching in five New York markets and in Columbus, Ga. Carvana’s latest […] [Read More]
New to used: Lambo CPO
Auto Remarketing Staff
There’s a new player in the certified pre-owned vehicle space: Lamborghini. Automobili Lamborghini announced the launch of Selezione Lamborghini Certified Pre-Owned last week. It’s a global certification program for Lamborghini dealerships and service centers, and a company spokesperson confirmed it will be available in the U.S. The CPO program will be available at all 34 […] [Read More]
COMMENTARY: Carvana glistened on this sunny day in NC
Nick Zulovich, Staff Writer
This past Saturday included beautiful weather here in central North Carolina — bright sunshine, a slight breeze and clouds like they had been painted for a baby’s room. It was the kind of Saturday dealership general managers often hope lead to active showrooms, busy finance directors and vehicles rolling over the curb at a nice clip. As […] [Read More]
Tesla salespeople rank highest in EV ‘prospect satisfaction’
Auto Remarketing Staff
Electric vehicle technologies are often new to many customers visiting an auto dealership, so the salesperson must also be able to introduce and explain the operation of EVs and the features and benefits of EV technology, such as understanding garage-charging options, according to Pied Piper Management Co. Success selling EVs depends on many of the […] [Read More]
Dealer group notes: Larry H. Miller acquisition; Lithia Motors promotion
Auto Remarketing Staff
Continuing to grow its presence “with a strong brand in a market we love,” Larry H. Miller Dealerships announced on Friday its acquisition of Berge Ford in Mesa, Ariz. In other dealer news, Lithia Motors in Medford, Ore., promoted Tina Miller to chief accounting officer. The Larry H. Miller acquisition increases number of the dealership […] [Read More]
Tech disruption, generational changes create opportunity to invest in franchised dealerships
Joe Overby, Senior Editor
The tech-driven changes in auto retail, particularly those around digital retailing, plus a generational torch-passing, are leading many family-owned auto dealerships to consider exiting the car business and selling their stores, says Erin Kerrigan, an expert in valuation, real estate and the buy-sell space of auto dealerships. “The good news is, it’s also the same […] [Read More]
Top auto technicians earn recognition
Auto Remarketing Staff
Many news articles have covered what the auto industry has described as a critical shortage of service technicians. In appreciation to those technicians currently making a strong contribution, an Auto Care Association program has honored a new round of recipients with its 2019 World Class Technician award. In partnership with the National Institute for […] [Read More]
Groupe PSA chooses Peugeot brand for U.S., Canada launch
Auto Remarketing Staff
Groupe PSA describes Peugeot as “an iconic, two-centuries-old brand.” With that in mind, the company has named Peugeot as its chosen brand in its move back into the North American market. The company stated that Groupe PSA will market Peugeot on five continents when it introduces the brand in North America. Groupe PSA further describes Peugeot as […] [Read More]
Ed Napleton Automotive Group acquires 3 Village Automotive Group stores
Auto Remarketing Staff
Another cluster of family owned dealerships is departing the industry and selling to a larger group. According a to a news release distributed on Tuesday, Kerrigan Advisors represented and advised Minnesota-based Village Automotive Group in its sale of Lexus of Wayzata, Lexus of Maplewood and Village Chevrolet to Chicago-based Ed Napleton Automotive Group, which operates […] [Read More]
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