Retail
How North American CPO sales are faring this summer
Joe Overby, Senior Editor
With August drawing to a close on Thursday, certified pre-owned sales results for the month should be rolling in sometime shortly after the Labor Day weekend, if not before. As a refresher, here’s how the CPO markets in both the U.S. and Canada have fared so far this year, starting with the U.S. American CPO […] [Read More]
Harvey numbers: 49 inches of rain, 366K new models potentially impacted
Nick Zulovich, Staff Writer
With now Tropical Storm Harvey taking at aim at Louisiana and other locations inland after dumping 49 inches of rain near Houston, experts from Cox Automotive and Edmunds are looking to project how much this natural disaster is going to impact vehicle sales. Meanwhile, the National Independent Automobile Dealers Association is organizing a fundraising effort […] [Read More]
Study: US car buyers’ satisfaction with domestic brands drops
Auto Remarketing Staff
While foreign-made vehicles continue to have the highest driver satisfaction, customer satisfaction with American vehicles remains strained, according to the American Customer Satisfaction Index (ACSI). “Overall, the gap between international and domestic manufacturers has widened because of the downturn for U.S. cars,” ACSI said in a news release announcing the findings of its ACSI Automobile […] [Read More]
Dent Wizard looks to recruit new repair techs & more
Auto Remarketing Staff
Dent Wizard International said it is now accepting applications for several open technician and other positions across both the U.S. and Canada. With newly added and expanded services this year, the company is looking to bring aboard new techs to meet its growing demand, the company said. Current high-priority positions include paint technicians, paintless dent removal […] [Read More]
Used-car sales picture for August, July
Joe Overby, Senior Editor
There are likely to be fewer used-car sales this month than there were in July, but the seasonally adjusted annualized rate should stay in the neighborhood of 39 million units. Edmunds released a forecast Thursday projecting 3.3 million used-car sales for August, which would be down from 3.4 million in July. The resulting used-car SAAR […] [Read More]
Karma Automotive celebrates inspiration for logo: the solar eclipse
Auto Remarketing Staff
During Monday’s total solar eclipse, Karma Automotive took advantage of the rare occurrence with a multi-city shoot along the path of totality. Titled, “A Day to Remember,” Karma’s special video footage celebrates the historic event and the inspiration behind its own logo. “The inspiration behind the Karma logo was an eclipse, showing a spark of […] [Read More]
Asbury announces next CEO
Auto Remarketing Staff
David Hult will be the next president and chief executive officer of Asbury Automotive Group. The retailer announced Tuesday afternoon that Hult, who has been executive vice president and chief operating officer since November 2014, is set to succeed Craig Monaghan on Jan. 1. Hult will also have a seat on Asbury’s board of directors. […] [Read More]
Florida Fine Cars organizing efforts to help St. Jude
Auto Remarketing Staff
Florida Fine Cars — among the top 100 independent dealers highlighted earlier this summer in Auto Remarketing — announced on Monday that the dealership will support two upcoming walk/run fundraisers to benefit St. Jude Children’s Research Hospital in an effort to help doctors find a cure for childhood cancers. The Memphis, Tenn.-based children’s hospital has […] [Read More]
Car-buying events effective sourcing strategy for AutoNation USA
Joe Overby, Senior Editor
When a dealership group opens up standalone used-car stores, one of the questions that ultimately comes up is, “Where will the inventory come from?” At AutoNation, the retailer has found some initial success in hosting car-buying events at its AutoNation USA used-car store in Houston. The dealer group — which also has an AutoNation USA […] [Read More]
Group 1 opens 13th Audi store
Auto Remarketing Staff
Group 1 Automotive announced Tuesday that the company has acquired a new Audi dealership in Fort Worth, Texas. The addition of the new Texas dealership brings Group 1‘s portfolio of Audi dealerships to 13. [Read More]
X