Retail
Hyundai gifts Orlando children’s hospital $100K for cancer research
Auto Remarketing Staff
In its 20th year of funding pediatric cancer research, the Hyundai Hope On Wheels nonprofit organization has gifted its $100,000 Hyundai Impact Award to the Orlando Health Arnold Palmer Hospital for Children. The Hyundai Impact Award, which has been awarded to 21 other recipients, was presented this year to Dr. Don Eslin, who practices pediatric […] [Read More]
Best July used-car SAAR since 2012
Joe Overby, Senior Editor
Used-car sales have been quite hot. In fact, not since 2012 has the July seasonally adjusted annualized rate for used cars been as high as it was last month. That’s according to the latest Manheim Used Vehicle Value Index report, which said used-car sales paced at an estimated 39.2 million SAAR last month. There was a […] [Read More]
Group 1 acquires 2 Honda stores in Louisiana, Texas
Auto Remarketing Staff
Group 1 Automotive has grown its portfolio of Honda dealerships to 13 in total with the recent purchase of additional Honda dealerships in both Louisiana and Texas. Group 1 announced Tuesday the acquisition of Honda of Slidell in Slidell, La., and Fernandez Honda in San Antonio. “We are delighted to expand our partnership with Honda, one of the […] [Read More]
Bernie Moreno invests in Ohio-based personal driver service
Auto Remarketing Staff
Bernie Moreno Companies (BMC) has made an investment in the Dryver personal driver service to help the company boost activity in current markets and support new growth. The BMC dealership group announced Monday that it has partnered with Dryver to expand its business, but details and terms of the investment and partnership have not been disclosed. […] [Read More]
Morgan Auto Group buys 1st Hyundai store, adds another Mitsubishi location
Auto Remarketing Staff
Morgan Auto Group has expanded its portfolio to a total of 32 dealerships with the addition of two new stores that will be led by Jerry Clark. The company announced Friday that its newly acquired Brandon Hyundai and Brandon Mitsubishi stores in Tampa, Fla., represent its first and third Hyundai and Mitsubishi dealerships, respectively. “The Brandon Hyundai […] [Read More]
Sonic’s EchoPark stores ‘profitable,’ but new-vehicle margins suffer
Arlena Sawyers, Correspondent
Sonic Automotive’s EchoPark stand-alone, used-vehicle stores were “profitable as a group” in June, Sonic executive vice president of operations, Jeff Dyke, said during the company’s second quarter earnings call on July 27. Dyke said EchoPark’s seven stores made more than $1 million in June and were tracking to exceed that amount in July. The company […] [Read More]
Carfax aims to raise 60K supporting DC biking fundraiser for autism research
Auto Remarketing Staff
More than 1,000 people will convene in Washington D.C. on Friday for a 106-mile charity bicycle ride with the hopes of bringing in over $400,000 for autism research as part of the annual Bike to the Beach DC fundraiser Carfax is supporting for the seventh year in a row. This year, Carfax has set a goal of raising of […] [Read More]
Mitsubishi prepares to set up 2 new US regional offices in Calif., Fla.
Auto Remarketing Staff
Amid five consecutive years of annual sales growth, Mitsubishi Motors North America (MMNA) has made plans to grow its U.S. field operations zone offices from two locations to four locations. The automaker announced Monday that it will assemble new U.S. regional offices that will operate out of Cypress, Calif. and Orlando, Fla. The new offices will join […] [Read More]
Hertz appoints former Allstate VP as new CIO
Auto Remarketing Staff
Hertz Global Holdings has announced that Allstate’s Opal Perry will serve as the company’s new executive vice president and chief information officer. Perry, a global technology leader who brings over 25 years of experience, was most recently VP of technology and strategic ventures at Allstate. During her time at the insurance company, she worked to boost customer satisfaction for auto […] [Read More]
Dealer cuts the cord to traditional media; goes all digital, all the time
Arlena Sawyers , Correspondent
On April 1, Ryan Norris, co-owner of Toyota of Easley, in Easley, S.C., dropped all TV, print and radio advertising and went all digital media, all the time. The date also marked the debut of “Ask Ryan,” a weekly online show during which Norris personally answers questions submitted by customers and the curious who want […] [Read More]
X