Retail
Edmunds, AP partner to publish consumer-centric auto content
Auto Remarketing Staff
Edmunds announced Wednesday that it has struck a new content collaboration deal with The Associated Press to produce articles for its "Behind the Wheel" column. Edmunds has signed on to provide weekly content to the AP column, which covers vehicle comparisons, car shopping tips, consumer advice and expert automotive opinions. "This collaboration makes perfect sense, […] [Read More]
CIADA honors NC dealer with top award
Auto Remarketing Staff
The Carolinas Independent Auto Dealers Association (CIADA) recently awarded its Quality Dealer of the Year Award to M&M Auto Sales in Lumberton, N.C., during a ceremony following the association's annual Expo. Brothers Chris Moore and Jerry Padrick Jr., who took over M&M Auto Sales from their father about 25 years ago accepted the CIADA’s top award. The […] [Read More]
CPO share of franchised used-car sales up slightly
Joe Overby, Senior Editor
This year marked the best second quarter ever for the used-car market and the first time there has been more than 10 million used-car sales in Q2, according to Edmunds. Franchised dealers sold 2.95 million used cars during the quarter, and slightly more of those were certified pre-owned than in the same period of 2017, […] [Read More]
Carvana makes Los Angeles 1st Calif. market
Auto Remarketing Staff
Carvana has expanded its footprint coast to coast with the recent launch of its new Los Angeles market — the company’s first in California. The online used-vehicle retailer announced Wednesday that L.A. metro area residents can now browse Carvana.com to finance, purchase and trade in old vehicles. “Our goal has always been to give as […] [Read More]
Former NADA Pres. Brady joins Kerrigan Advisors
Auto Remarketing Staff
Kerrigan Advisors announced Tuesday it has appointed former National Automobile Dealers Association president Phil Brady as senior adviser to provide the firm counsel on generational transitions and corporate planning. Brady brings Kerrigan Advisors and its clients over 30 years of experience and extensive relationships based on his automotive and legislative background, the firm said. Brady served as […] [Read More]
CPO car sales dip in August, remain ahead year-to-date
Joe Overby, Senior Editor
Certified pre-owned vehicle sales fell 1.4 percent year-over-year in August, but are still on track for another record-breaking year. According to data from Autodata Corp., there were 230,013 CPO sales for the month, compared to 233,236 in August 2016. Certified sales were up 1.3 percent from July, when CPO sales fell 3.2 percent year-over-year. Through […] [Read More]
AutoNation signs off on $250M share repurchase
Auto Remarketing Staff
The AutoNation board of directors has approved the repurchase of up to an additional $250 million of AutoNation's common stock, the company announced in late August. Succeeding the increased authorization, AutoNation has approximately $270 million total board authorization remaining for share repurchases as of Aug. 29. Additionally, AutoNation said it has an estimated 95 million shares outstanding as of Aug. 28. The automotive retailer […] [Read More]
eBay Motors introduces online repair manuals
Auto Remarketing Staff
eBay Motors recently announced that it now offers online repair manuals as an add-on purchase when shoppers buy a part or accessory on eBay.com. Consumers have access to online repair manuals for over 80 percent of vehicles on the road, according to eBay. “With online repair manuals, we are taking the shopping experience one step […] [Read More]
Study: Entry luxury sedans interest up
Auto Remarketing Staff
Data from Jumpstart Automotive Media's latest shopper insight reports reveals that longer ad campaigns see higher click-thru rates and, athough loyalty has continued to recently drop for entry luxury sedans, the segment remains the No. 1 most-shopped luxury segment on Jumpstart sites. Interestingly, while loyalty for entry luxury sedans is down 7-percent from the same […] [Read More]
Morrie’s Auto to open 5 new locations in Minn. & Wis.
Auto Remarketing Staff
Morrie’s Automotive Group announced Wednesday plans to expand in the Midwest with the addition of five new locations and six new brands. The new dealerships, which will be located in Minnesota and Wisconsin, will be opened by the end of 2018. New locations will include: Volkswagen La Crosse and Audi Lacrosse in La Crosse, Wis.(opening September) […] [Read More]
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