Retail
Kerrigan Advisors adds accounting expert as VP
Auto Remarketing Staff
Dealership buy/sell advisory firm Kerrigan Advisors this week hired a new vice president who has been involved in accounting consulting to more than 150 dealerships across the country. Kerrigan Advisors announced that Mercedes Hendricks has joined the firm as vice president, bringing extensive certified public accountant expertise and a deep understanding of the dealership industry […] [Read More]
Another 2.7M units from 3 OEMs added to Takata airbag recall campaign
Nick Zulovich, Staff Writer
Another development in the ongoing Takata airbag recall saga might mean some vehicles at the auction you frequent — or perhaps even units already in your dealership inventory — could be equipped with airbags that need replacing. The National Highway Traffic Safety Administration on Tuesday said 2.7 million vehicles from Ford, Nissan and Mazda have […] [Read More]
Infiniti dealers top Pied Piper Prospect Satisfaction Index for 2nd year
Auto Remarketing Staff
The newly released Prospect Satisfaction Index U.S. Auto Industry Benchmarking Study by Pied Piper Management Company has ranked Nissan’s Infiniti brand dealerships the highest for a second year. Toyota’s Lexus brand ranks second, and dealerships selling Mercedes-Benz are ranked third. Pied Piper’s process to determine its rankings includes “mystery shopping” measurement and scoring to industry […] [Read More]
Autotrader names top summer CPO deals
Auto Remarketing Staff
With consumers taking advantage of both pleasing gas prices and the time to shop around this summer, Autotrader has come out with its top picks for certified pre-owned deals in July, which include promotions by eight different automakers. "For shoppers that are looking for great value in their next car, but are concerned about the […] [Read More]
NIADA sets new convention attendance record
Auto Remarketing Staff
For the second year in a row, the NIADA Convention and Expo was the largest ever. The National Independent Automobile Dealers Association highlighted that the final count is in, and it shows this year’s convention, held June 12-15 at The Mirage in Las Vegas, edged the 2016 total for most attendees in the 71-year history […] [Read More]
Jim Ellis Automotive Group gathers $65K for local first responders
Auto Remarketing Staff
To kick off summer, the Jim Ellis Automotive Group wrapped up a successful charitable campaign where a portion of each sale during the month of May went to support local first responders. Thanks to the support of old and new customers alike, a total of $65,000 was raised and is being divided evenly between 10 […] [Read More]
Group 1 buys a dozen UK dealerships
Auto Remarketing Staff
Group 1 Automotive has purchased a 12-store dealership group in the United Kingdom, bumping its store count in the country to 43, the retailer announced Wednesday. Beadles Group Ltd. includes seven brands throughout its dozen stores in the greater London area: Jaguar, Land Rover, Kia, Skoda, Toyota, Vauxhall, and Volkswagen. These stores will keep the Beadles […] [Read More]
CPO car sales up 1.2% in first half of year
Joe Overby, Senior Editor
Certified pre-owned vehicle sales were down a bit year-over-year in June, but year-to-date sales still beat the first-half totals from a record 2016. According to Autodata Corp., there were 221,853 CPO sales last month, which was down 0.8 percent from June 2016. Through six months, there have been 1.34 million certified sales, up 1.2 percent […] [Read More]
Carvana adds Louisville to growing footprint
Auto Remarketing Staff
On Wednesday, Carvana expanded its growing footprint into Louisville, Ky., the company’s 31st market. Louisville residents can now search through over 7,000 vehicles on Carvana.com and schedule next-day home delivery of their vehicle following a purchase. “Our Louisville launch marks our presence in 31 markets in 15 states,” Carvana founder and chief executive officer Ernie Garcia said in a […] [Read More]
Former GM, Ford, Nissan exec to join Kia as VP of sales
Auto Remarketing Staff
An industry veteran who has experience with three different automakers most recently was involved with a large, privately held dealership group in the Northeast is now joining Kia Motors America as vice president of sales. Kia recently announced Bill Peffer will assume his new role effective on July 24. Peffer — who joins the automaker […] [Read More]
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