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Retail
Top 20 fastest-selling used models in July
Friday, Aug. 25, 2023, 12:18 PM
Auto Remarketing Staff
Analysts at iSeeCars.com spotted an intriguing convergence of trends when looking at how the used-vehicle retail sales market unfolded in July. First, overall used sales in July were 6.1% faster year-over-year, according to the company’s new study. But the 20 used models that turned fastest on average based on July data had been available for […] [Read More]
Dealer group news: Stores in California, Wisconsin change hands
Friday, Aug. 25, 2023, 10:53 AM
Auto Remarketing Staff
Car Pros Automotive Group brought two more Southern California dealerships into its portfolio. The group announced on Thursday it has acquired Nick Alexander BMW, Nick Alexander MINI and a collision center from Los Angeles-based Nick Alexander Imports. The dealerships have been rebranded BMW of Downtown LA and MINI of Downtown LA. Car Pros now owns […] [Read More]
Stellantis brings its SPOTiCAR used-vehicle program to the US
Thursday, Aug. 24, 2023, 02:02 PM
Auto Remarketing Staff
After a successful four-year run in Europe, SPOTiCAR is coming to America. Stellantis, manufacturer of Chrysler, Dodge, Fiat, Jeep and Ram, among other brands, said on Thursday it is expanding its SPOTiCAR used car program into the U.S. Launched in 11 European countries in 2019, SPOTiCAR offers manufacturer-certified used vehicles available for sale that Stellantis […] [Read More]
KBB assembles 2 lists of best used vehicles for college students
Thursday, Aug. 24, 2023, 11:44 AM
Auto Remarketing Staff
Many colleges and universities started their fall semesters this week. Perhaps those students already had a vehicle. But for the ones who do not, Kelley Blue Book compiled two lists highlighting the best used vehicles for college students. KBB first built a list of a dozen models that experts said are the best used cars […] [Read More]
Dominion-Armatus integration aims to help dealers with warranty submissions
Thursday, Aug. 24, 2023, 11:31 AM
Auto Remarketing Staff
Dominion DMS has integrated Armatus Dealer Uplift into its VUE system, a move designed to help dealers increase their annual warranty parts gross profits. Armatus works with more than 6,200 dealers, helping them get 13,400 approved submissions in all 50 states. It has been endorsed by 20 state dealers associations. The company said Armatus is […] [Read More]
Anderson Automotive Group acquires 7 dealerships in Upstate SC
Wednesday, Aug. 23, 2023, 04:01 PM
Auto Remarketing Staff
North Carolina-based Anderson Automotive Group has boosted its presence in South Carolina with the purchase of seven dealerships from S.C.-based MCE Automotive Group, according to a news release from Kerrigan Advisors. With the acquisition of Toyota of Greer, Kia of Greenville, Kia of Greer, Hyundai of Greer, Genesis of Greer, Nissan of Greer and Mike […] [Read More]
No shock: Ford F-150 Lightning tops survey of EV truck shopper consideration
Wednesday, Aug. 23, 2023, 02:52 PM
Auto Remarketing Staff
The Ford F-150 has long dominated the market for full-sized pickup trucks. So the results of Cox Automotive’s latest research into the electric truck market are not exactly… shocking. Cox’s 2023 Consumer Snapshot: Electric Full-Size Pickup Trucks found the F-150 Lightning is the No. 1 electric pickup considered by truck shoppers, ahead of models from […] [Read More]
Aftermarket acquisition: RealTruck makes deal for Go Rhino
Tuesday, Aug. 22, 2023, 03:22 PM
Auto Remarketing Staff
The manufacturers of some of the aftermarket products that might make that used truck or SUV more appealing to your potential buyer now will operate as one company. On Tuesday, RealTruck announced it has acquired IDDEA (Industria Diseñadora De Autopartes), which goes to market under the Go Rhino brand. Officials said Go Rhino holds 40 […] [Read More]
UPDATED: Lotlinx introduces customized weekly data report for dealers
Tuesday, Aug. 22, 2023, 02:49 PM
Auto Remarketing Staff
Lotlinx is now offering dealers access to a weekly report it’s calling “the first of its kind.” The VIN-specific inventory management platform has launched the Lotlinx Risk Report, a free weekly data analysis customized to each dealer, designed to help dealers understand how they compare in the local market and identify areas of potential risk. […] [Read More]
Cox Automotive report shows July drop in service department activity
Tuesday, Aug. 22, 2023, 10:51 AM
Auto Remarketing Staff
Service department activity at franchised dealerships fell significantly in July, according to analysis of Xtime metrics cited in a Cox Automotive Data Point report. The report showed service revenue down slightly for the third consecutive month after reaching record highs in March and April, while the Repair Order Volume Index decreased compared to the previous […] [Read More]
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