Last year’s merger and acquisition activity by public dealerships groups jumped 140 percent above the 2010 total, according to the Presidio Group’s Automotive Retail M&A Report. Presidio combed through corporate SEC filings to determine publicly held dealer groups completed $512 million in acquisitions in 2011. While making a significant year-over-year climb, Presidio acknowledged the total […] [Read More]

Four brands — Honda, Hyundai, Volvo and Buick — recently outlined several recalls of sedans and crossovers. The campaign that includes the most vehicles came from Hyundai, as the brand told the National Highway Traffic Safety Administration that its recall covers a total of 14,728 units — the Sonata Hybrid from the 2011 and 2012 […] [Read More]

CarMax recently opened its first rooftop in Pennsylvania. Officials highlighted that their showroom at 1457 Manheim Pike in Lancaster, Pa., consists of 49,600 square feet. CarMax employs more than 80 associates at the new store and is stocking inventory with about 300 vehicles “Resuming our growth plan has meant expanding into new areas such as […] [Read More]

With brand dealers bringing out their clubs in the name of charity, the 2012 Mercedes-Benz Dealer Golf Championships begin this month.  Now in its 19th year, officials highlighted the nationwide amateur-only golf program for men and women has raised more than $17 million to benefit charitable organizations across the United States.          […] [Read More]

Carfax revealed it is giving its Carfax Advantage Dealers a chance to win an inflatable version of the company’s well-known mascot — Car Fox. The contest is being held on the Carfax for Dealers Facebook page and started today at 8 a.m. EDT. The deadline for the contest is Mar. 26 at 8pm EDT. [Read More]

In conjunction with the upcoming New York Auto Show, Land Rover will be celebrating a landmark — the 25th anniversary of the Land Rover Range Rover being introduced to the U.S. To celebrate this milestone, the OEM will be involving its fans.  It will be inviting consumers to participate in “urban off-road adventure”, where drivers […] [Read More]

One of the dealers cited in a complaint revealed by the Federal Trade Commission last week is going back online to defend himself. Tracy Myers gave a statement to Auto Remarketing via Facebook about the FTC coming down on Frank Myers AutoMaxx LLC, one of five dealerships mentioned in the commission’s documents pertaining to a […] [Read More]

Dealers and store managers still have time to register for the first session of 2012 in the free Auto Remarketing Training Series. The opening stanza is set to include used-vehicle experts from AutoTrader.com, vAuto and Carfax. Dealers and store managers can join the instructional event that includes question-and-answer sessions beginning at 2 p.m. ET on […] [Read More]

The National Highway Traffic Safety Administration indicated Subaru is recalling the Forester from the 2009 through 2012 model years. A total of 275,000 are being summoned to franchised dealerships because the automatic locking retractor in the seat belt assemblies located in the rear-center seating area do not meet lockability requirements. NHTSA said the problem means […] [Read More]

After a hearty month to kick off 2012, it appears Canda’s certified pre-owned market has continued to build steam, as several of Canada’ leading brands have reported strong growth in the first two months of 2012. Among these brands is  Audi, which has benefited from its dealers kicking their trade-in sourcing up a notch. Audi’s […] [Read More]