At the 31st North Carolina International Auto Expo in Raleigh, where the Wake County New Vehicle Dealers Association showed off the latest hybrid, electric, SUV, compact and luxury models — Auto Remarketing caught up with Toyota’s East Coast communications manager Corey Proffitt and district training manager Rusty Foster. Proffitt highlighted what Toyota focused on when designing the latest features the […] [Read More]

Certified pre-owned vehicle sales edged up by 0.4 percent in February, keeping the year-to-date sum ahead of 2017 through two months of the year. According to Autodata Corp., there were an estimated 212,116 CPO sales last month, compared to 211,225 certified sales in February 2017. Through two months, year-to-date sales of 415,139 are up 2.7 […] [Read More]

Group 1 Automotive recently announced Mercedes-Benz and Smart franchise acquisitions from U.K.-based Robinsons Motor Group. The dealer group has also appointed Darren Guiver to serve as its U.K. operations managing director, a move that was effective Thursday. The company acquired three smart franchises and five Mercedes-Benz franchises. During Group 1’s quarterly conference call on Feb. 8, the […] [Read More]

Lithia Motors continues to add more stores to the dealer group near locations already in the company’s portfolio. Within days of announcing an acquisition near Pittsburgh, Lithia said on Thursday that it has acquired six marquee stores from Prestige Family of Fine Cars in Bergen County, N.J., including a BMW, Mini, Mercedes-Benz, Toyota and two […] [Read More]

The automotive industry is changing at an unprecedented pace as consumers demand the industry to embrace the digital-first world. Individuals are beginning their car-shopping process online at an increasing rate, completing most of their research before stepping foot in a dealership. In fact, according to Cox Automotive’s recent "Future of Digital Retail Study," seven in 10 […] [Read More]

Hertz Global Holdings announced Wednesday that Paul Stone will join the company on March 6 to serve as executive vice president and chief retail operations officer, North America. Stone, who began his career at Sam's Club/ Walmart as a store manager before transitioning to Western U.S. divisional senior vice president, brings more than 30 years […] [Read More]

Lithia Motors obviously likes turning metal in the Steel City. On Tuesday, Lithia announced it has acquired Day Automotive Group in Monroeville, Pa., a suburb of Pittsburgh. The Day group is estimated to generate $340 million in steady annual revenue. Day joins Baierl Auto Group as the second acquisition in 10 months in the Pittsburgh […] [Read More]

If the latest projections from Edmunds are any indication, look for an improvement in retail used-car sales this month. Edmunds expects February will end with 3.5 million used-car sales, which would beat January’s 3.1 million pre-owned sales. That would translate to a seasonally adjusted annualized rate of 39.1 million used cars, up from the 38.9-million […] [Read More]

On Monday, the National Highway Traffic Safety Administration (NHTSA) announced the creation of a compliance assistance program to help regulated entities, including vehicle and trailer manufacturers,  as well as equipment manufacturers comply with safety regulations as a means to promote safety on our highways.  NHTSA reiterated that regulated entities may not sell vehicles or equipment […] [Read More]

Group 1 Automotive is looking for new-car dealership “opportunities” in the United States, United Kingdom and Brazil markets, the company said during its recent quarterly conference call. And as far as the standalone used-car store concept that has become increasingly popular, Group 1 chief executive officer Earl Hesterberg said his company has looked at the pre-owned stores “quite […] [Read More]