Retail
With auto tariffs in effect, ‘it’s going to be an interesting ride’ for car dealers
Friday, Apr. 4, 2025, 02:58 PM
Joe Overby, Senior Editor
Lamenting. Bracing for impact. Embracing. Preparing. Seeing an opportunity.
Those are but a few of the ways auto dealers are responding to the Trump administration’s 25% tariff on vehicles imported to the U.S. — a policy that became effective Thursday.
In statement Wednesday, Cody Lusk — president and CEO of the American International Automobile Dealers Association, which representing U.S. franchise dealers selling import brands — said that ... [Read More]
CarMax earns 21st consecutive Fortune Best Companies to Work For recognition
Wednesday, Apr. 2, 2025, 02:23 PM
Auto Remarketing Staff
CarMax’s credentials as an employer are hard to argue with. The national used-car retailer has added another accolade in that area this week, as Fortune magazine and Great Place To Work have named CarMax as one of the 100 Best Companies to Work For in 2025 — the 21st consecutive year it has earned that […] [Read More]
Dealer news: AutoNation acquires last of Summit’s Groove stores; dealerships sold in Minn., Mich., Ark.
Wednesday, Apr. 2, 2025, 01:53 PM
Auto Remarketing Staff
AutoNation’s already formidable presence in the Denver market has grown again. The nationwide auto retailer said it has acquired Groove Ford and Groove Mazda in suburban Englewood, Colo., from Summit Automotive Partners. With the new additions, AutoNation now operates 22 locations in Colorado, mostly concentrated in the Denver metro area. The new stores are the […] [Read More]
Rick Case Automotive helps foot the bill for new shoes for kids
Monday, Mar. 31, 2025, 03:12 PM
Auto Remarketing Staff
Rick Case Automotive Group and its president and CEO, Rita Case, helped Soles4Soles foot the bill for new shoes for nearly 500 children in Fort Lauderdale, Fla. Volunteers from Rick Case Cares joined those from other area businesses to deliver brand-name athletic shoes, socks and books to students at North Fork Elementary School through the 4EveryKid […] [Read More]
Dealer news: Landers tells customers tariffs won’t affect current inventory; Healey Brothers honors veterans
Friday, Mar. 28, 2025, 04:18 PM
Auto Remarketing Staff
When it comes to the coming tariffs and their effect on the auto retail sector, clarity is in short supply. So Landers Auto Group wants to make one thing clear: The tariffs won’t affect their current in-stock inventory. The Memphis-based group, which operates 12 dealerships in Tennessee and Mississippi, announced all of its vehicles currently […] [Read More]
PODCAST: Why retail dealers should consider adding BHPH (Part 2)
Friday, Mar. 28, 2025, 02:09 PM
Auto Remarketing Staff
A few weeks ago, the Auto Remarketing Podcast featured a discussion with three industry experts laying out reasons why franchise and independent retail dealers should consider adding a buy-here, pay-here component to their operation. In this episode of the podcast, Auto Remarketing associate editor Andrew Friedlander is joined by three more BHPH experts — Todd […] [Read More]
Amazon’s move into used-car market will not be direct-to-consumer model
Friday, Mar. 28, 2025, 11:54 AM
Joe Overby, Senior Editor
Yes, Amazon Autos is moving into the used-car market, as Automotive News and others reported earlier this month. But to be clear, it would not be a competitor to traditional dealerships, a la Carvana, CarMax, etc. It’s not a direct-to-consumer model. Instead, Amazon Autos would continue using a marketplace model, where dealer partners would use […] [Read More]
Rivian spins off Also to focus on EV micromobility
Wednesday, Mar. 26, 2025, 03:14 PM
Auto Remarketing Staff
Rivian believes thinking small has big potential, and is spinning off a company to prove it. The electric vehicle manufacturer announced the creation of Also, Inc., a spinoff of Rivian’s micromobility business that will focus on small, lightweight vehicles designed to “meet the global mobility transportation challenges of today and tomorrow.” Rivian retains a “substantial” […] [Read More]
COMMENTARY: Is it time for madness — or luck?
Monday, Mar. 24, 2025, 02:58 PM
Robert Grill, CARFAX
For many folks, March is the NCAA Tournament/“March Madness” month while for others, it’s the month of St Patrick’s Day and the ever-elusive “Luck of the Irish.” If you look at the car business today, it has hints of madness. We are looking at the beginning of a multi-million used-car shortage and a 50% drop […] [Read More]
Dealer news: Ford dealerships repeat as award winners; Tom Gill adds Ohio store
Monday, Mar. 24, 2025, 01:57 PM
Auto Remarketing Staff
Awards honoring dealers’ 2024 achievements have been announced, and two Ford dealerships in the West have reason to celebrate — again. Castle Rock Ford in the Denver metro area announced it was selected for the Ford Motor Company President’s Award for the third consecutive year. The dealership said the award recognizes Ford dealerships that prioritize […] [Read More]
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