CarMax Inc.’s wholesale auction arm just extended its reach. CarMax Auctions is also mulling over allowing dealers that buy vehicles at its auctions in person to one day buy those vehicles online, said Fred Stark, CarMax assistant vice president of auction services. “Simulcast is certainly something we’re interested in testing,” he said. “It’s not something […] [Read More]

When it comes to running an auto dealership and all its moving pieces — especially the service department — communication is paramount. And improving that service department communication is where Singlethread comes into play. In this grand finale of our automotive conference season podcasts recorded in the first half of the year, Joe sat down […] [Read More]

Taking on a second term as chairman of the Greater New York Automobile Dealers Association (GNYADA) is a third-generation dealer. Lee Certilman, the co-owner of Long Island's Nardy Honda Smithtown dealership will focus on creating local jobs during another term as the association’s chair, GNYADA announced Friday. “My job over the next 12 months is to […] [Read More]

Perhaps if someone is shopping for basic transportation, online vehicle listings that present pictures and descriptions more than satisfies the potential buyer’s thirst for information. But with Porsche retailing high-end luxury models, the automaker is making sure individuals can experience more than just swipes on their smartphone when deciding. Porsche recently highlighted its large-scale commitment […] [Read More]

If your franchised dealership sits among a total of eight rooftops within a span shorter than a test drive, experts say that at least one operation — perhaps where you sit now — has gained new ownership during the past four years. And it appears that buy/sell pace could intensify. Kerrigan Advisors pointed to a […] [Read More]

On the day that Michael Bor found out CarLotz had made this year's Inc. 5000 list, the company was having a team meeting. So, Bor asked members of his squad where they thought CarLotz had placed. Somewhere in the 4,000s, they figured. As it turns out, they were off. By a lot. CarLotz ranked 460th on […] [Read More]

One of Kia’s flagship dealerships has new owners. Kerrigan Advisors represented and advised Car Pros Automotive Group in its recent sale of Carson Kia — which the firm said is the highest volume Kia dealership in the U.S. since 2016 — to southern California-based Trophy Automotive Dealer Group (TADG). Opened in 2017, Kerrigan Advisors highlighted […] [Read More]

In an effort to help drive the adoption of homeless dogs into loving homes on National Dog Day, Autotrader has introduced a special-edition website for a limited time in partnership with Adopt-a-Pet.com called Dogtrader.com. The new site marks the brand’s fifth consecutive year of celebrating National Dog Day, coming up this Sunday.  In addition to being able to […] [Read More]

The latest data shows that car row in many other markets besides where your rooftop operates hasn’t changed much in the past few months. Urban Science released statistics and insights from its 2018 mid-year “Automotive Franchise Activity Report” (FAR), indicating continued stability in the number of franchised dealerships in the United States. As of July […] [Read More]

Hertz Global Holdings has named Jamere Jackson from Nielsen Holdings to replace outgoing company chief financial officer Thomas Kennedy. The company announced Monday that after four-plus years with the company, Kennedy has resigned. And Hertz's senior vice president and chief accounting officer Robin Kramer will assume the additional role of acting CFO in the interim […] [Read More]