Kerrigan Advisors identified a trio of reasons why the dealership buy/sell market surpassed 200 transactions for the fourth consecutive year in 2017. According to the firm’s latest Blue Sky Report released on Monday, the factors driving market activity included dealership consolidation, profitability, and the growing number of sellers coming to market. Kerrigan Advisors determined many […] [Read More]

At a recent AIADA board meeting, I took over as the AIADA chairman from my friend, Maryland dealer Paul Ritchie. In just a few weeks, I look forward to formally accepting the chairman’s gavel at the NADA convention in Las Vegas during AIADA’s Annual Meeting & Luncheon. As a Volkswagen dealer I am particularly interested […] [Read More]

Millions of vehicles are flowing out of leases into the used-car marketplace, and many will land on dealer lots. Challenging? Yes. But a blessing, too? Perhaps a huge one, if managed right. “The return of a record number of off-lease vehicles will be one of the biggest challenges dealers will face, but it’s also one […] [Read More]

Wes Lutz lives in what he considers to be a “relatively rural area.” So the president of Extreme Chrysler/Dodge/Jeep, RAM in Jackson, Mich., owns a car that gets him where he needs to go. But when Lutz drives that car to another home he has in downtown Chicago, he keeps it parked and takes an […] [Read More]

Auto Remarketing’s Q&A with 2018 NADA chairman Wes Lutz — president of Extreme Chrysler/Dodge/Jeep, RAM in Jackson, Mich. — also covered his thoughts on the current climate and happenings in Washington, D.C., as well as Detroit. His responses to questions on the political/legislative environment and automakers, respectively, are below. Auto Remarketing: Is the political/legislative climate […] [Read More]

At the official grand opening of its new 200,000 square foot headquarters in Sandy Springs, Ga.,  Mercedes-Benz USA announced plans to launch a new global innovation hub called Lab1886 in Atlanta this summer. Along with MBUSA president and chief executive officer Dietmar Exler, the ceremony included Governor of Georgia Nathan Deal; Mayor of Atlanta Keisha […] [Read More]

For the past two consecutive years, Lithia Motors acquired dealerships that generate over $1 billion in annualized revenue, and it is poised for additional growth this year, said its president, Bryan DeBoer. Speaking during Lithia’s quarterly conference call on Feb. 14, DeBoer also said the group expects to continue making progress toward increasing its used-vehicle […] [Read More]

HGreg.com announced Monday that it has appointed Chase Sattler as vice president of operations and Soledad Gonzalo as the company’s new regional marketing director. This follows news from last month that the company opened its third location, the new HGreg.com Broward store in West Park, Fla. Along with the HGreg.com Broward dealership, the company operates […] [Read More]

Avis Budget Group announced Monday a multi-year deal that will add 10,000 Toyota vehicles to Avis Car Rental’s growing fleet of connected vehicles. The company said Connected Toyota vehicles are expected to be available this September. “As connected car technology continues to evolve in the auto industry, we are rapidly adapting our fleet and rolling […] [Read More]

As part of our annual special issue honoring The Best CPO Dealers in the USA, Auto Remarketing shared the respective top 10 certified pre-owned sales leaders for a wide array of automakers. In addition to the lists of CPO leaders, which were based on full-year 2017 sales, we also connected with many of these dealers and asked them about […] [Read More]