Retail
How EchoPark Differs from Traditional Dealership Model
Joe Overby, Editor
Jeff Dyke doesn’t mind competition stopping by and checking out EchoPark Automotive, the pre-owned vehicle retail store concept recently launched by Sonic Automotive. In fact, Sonic’s executive vice president of operations welcomes them, along with the OEMs, Wall Street folks and many others who have checked out the pre-owned program that opened its first store […] [Read More]
Honda Expands Recall for Units With Takata Airbags
Auto Remarketing Staff
In the latest development associated with defective Takata airbags, Honda said earlier this week that the company will voluntarily expand a regional recall first initiated back in June into a national campaign affecting certain 2001 through 2011 Honda and Acura vehicles in the United States to replace the driver frontal airbag inflator. Honda explained that […] [Read More]
MileOne Partners with American Cancer Society
Auto Remarketing Staff
MileOne Automotive announced this week it has donated a new car, for the 15th consecutive year, to the American Cancer Society for a charitable raffle. More than 7,500 raffle tickets were sold in Maryland for a shot at the 2014 Mercedes-Benz CLA that MileOne donated. The raffle raised over $75,000, funds that will support the […] [Read More]
Top 12 Websites Women Turn To For Auto Research
Auto Remarketing Staff
In an effort to decipher which auto research sites are favorites among the female population, Women-Drivers.com utilized a survey technique to rank the top sites. And it seems dealers are doing something right when it comes to their online presence, because dealership websites remain the No. 1 online research option for women, with 41.27 percent […] [Read More]
Asbury Acquires Georgia Ford Store
Auto Remarketing Staff
This week, Asbury Automotive Group acquired Sandy Springs Ford, a franchised dealership that generates approximately $110 million in revenues annually. Asbury rebranded the dealership as Nalley Ford Sandy Springs, bringing the number of group stores in Georgia to 16. The newly acquired store is located at 7555 Roswell Rd in Sandy Springs, a northern suburb […] [Read More]
Holman Automotive, ARI Support Charities
Auto Remarketing Staff
The Holman Automotive Group, along with its subsidiary ARI, announced that they have raised nearly $10,000 via donations and participation in various charitable fundraising walks during October and November. An approximated 200 employees of both Holman and ARI, along with family and friends, walked more than 700 miles in support of the variety of causes. […] [Read More]
16% Hike for European Brands; Asian Brands Pass 1M for Year
Joe Overby, Editor
Import automakers enjoyed solid months in the certified pre-owned market, as European brands increased their CPO sales by more than 16 percent in November while Asian brand sales climbed nearly 2 percent and pushed their year-to-date sum above 1 million, according to Autodata Corp. European certified sales came in at 34,931 units for the month […] [Read More]
70,000 CPO Sales for Big 3
Joe Overby, Editor
Big 3 automakers combined to sell nearly 70,000 certified pre-owned vehicles in November, beating year-ago figures by 16.9 percent, according to Autodata Corp. Specifically, the 69,915 CPO sales among domestics in November put the year-to-date tally at 758,486 sales, a 15.7-percent improvement over the first 11 months of 2013. Ford’s brands sold 22,552 certified cars […] [Read More]
Chrysler Dealer Network VP, Maserati NA Leader to Retire
Auto Remarketing Staff
Chrysler Group’s vice president of dealer network development announced late last week his intentions to retire. Peter Grady, who also leads Maserati North America as the company’s president and chief executive officer, will be stepping down, effective March 31. The company said in the meantime, Grady will retain his current responsibilities and remain a member […] [Read More]
AutoNation Posts Nov. New-Car Increases
Auto Remarketing Staff
AutoNation reported year-over-year increases in several new-vehicle metrics for the month of November. The group posted 27,055 new-vehicle sales for November, marking a 6-percent increase compared to November 2013, despite having one fewer sale day in 2014. The sales in each segment each rendered a year-over-year increase, with the biggest jump being in domestic sales, up 8 […] [Read More]
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