Group 1 is expanding its presence in the U.K., announcing Monday it has agreed to acquire the car dealerships and related real estate of an Inchcape plc subsidiary for approximately $439 million in cash. The deal, which must be approved from the Financial Conduct Authority, is expected to close in the third quarter. The Inchcape […] [Read More]

Carvana has teamed with gaming and entertainment company NRG for a giveaway aimed at gamers. In a campaign that started Wednesday and runs through April 24, the online used-car retailer is offering a chance to win a Tesla Model 3 — delivered personally to the winner’s door by NRG squad member and Rocket League content […] [Read More]

In a new series of the Auto Remarketing Podcast, Cherokee Media Group interviews “Dealer Entrepreneurs” — auto retail leaders who in addition to their roles at dealerships have also launched outside companies/startups in the automotive space. Next up in this series is a conversation with Joe Shaker, co-founder and CEO of TruVideo and owner of […] [Read More]

CarMax’s financial report for the 2024 fiscal year mirrored the used-car industry as a whole. Retail sales volume is on the way up – but revenue and profits were down slightly. The used-vehicle retailing giant’s retail sales rose by 1.3% for the fiscal year, which ended Feb. 29, reaching 172,057 units. Revenues from those sales, […] [Read More]

As a moderator of 20 Groups for independent retail dealers, my role provides a unique vantage point into the challenges faced by dealerships. Whether through in-person consultations or within the collaborative 20 Group space, those shared experiences offer profound insights into the daily triumphs and tribulations of dealers. A recurring observation that stands out is […] [Read More]

Dahl Automotive nearly doubled its dealership portfolio with the acquisition of four Wisconsin dealerships from Keith Kocourek of Kocourek Automotive, according to Performance Brokerage Services, which brokered the deal. Adding Kocourek Chrysler Dodge Jeep Ram of Stevens Point, Kocourek Honda of Stevens Point, Kocourek Chrysler Dodge Jeep Ram of Rhinelander and Kocourek Honda of Rhinelander […] [Read More]

Mach10 Automotive, an industry firm offering advisory services including dealer operations improvement and succession planning, announced the hiring of Carsten Preisz as chief marketing officer. Mach10 said Preisz will lead the marketing function including its branding and PR initiatives, as well as support the sales department in its efforts to develop new business opportunities. “We […] [Read More]

McGovern Auto Group has gone big into the collision repair space. The dealership group, which operates 29 locations in Massachusetts, New York and New Hampshire, has opened a body shop it said is the largest in the Northeast and the largest dealer-owned collision center in the U.S. MAG Collision Center in Shrewsbury, Mass., is a […] [Read More]

Auto recalls rose sharply in the first quarter of 2024, according to the inaugural Recall Report compiled by customer retention platform BizzyCar. Using data from the Department of Transportation and the National Highway Traffic Safety Administration, BizzyCar found there were 105 recalls issued in Q1, affecting some 9.7 million vehicles. The company said the recalls […] [Read More]

In a new series of the Auto Remarketing Podcast, Cherokee Media Group interviews “Dealer Entrepreneurs” — auto retail leaders, who in addition to their roles at dealerships, have also launched outside companies/startups in the automotive space. Kicking off this series is a conversation with Ryan Maher, who is the founder of BizzyCar, which provides a […] [Read More]