Sonic’s Q3 EchoPark performance impacted by ‘off-rental supply headwinds’
Tuesday, Nov. 4, 2025, 02:43 PM
Carvana partners with Stanford to sponsor university's athletics program
Tuesday, Nov. 4, 2025, 01:54 PM
Asbury sees room for improvement in used execution after Q3 sales drop
Tuesday, Nov. 4, 2025, 12:20 PM
Retail
Craig Zinn Automotive Group creates animal-assisted therapy endowment at Joe DiMaggio Children’s Hospital
Wednesday, Jul. 5, 2023, 01:02 PM
Auto Remarketing Staff
Craig Zinn, president and CEO of Craig Zinn Automotive Group, has initiated an animal-assisted therapy endowment at Joe DiMaggio Children’s Hospital. CZAG will fund the initial needs of the program while building the endowment of $500,000 to provide income from interest and fund the program in perpetuity. The company said after seeing how valuable and […] [Read More]
Honda Civic tops Carvana’s best-seller list
Wednesday, Jul. 5, 2023, 01:00 PM
Auto Remarketing Staff
The Honda Civic grabbed the top spot on Carvana’s mid-year list of its 10 best-selling vehicles. The online retailer’s most popular cars included six sedans, which it said signals affordability and accessibility are critically important to customers in the used vehicle market. No. 2 on the list was the Chevrolet Equinox, followed by the Nissan […] [Read More]
CarMax Q1 results beat expectations but still reflect tough market conditions
Wednesday, Jun. 28, 2023, 11:30 AM
Alysha Webb, Correspondent
CarMax struggled with a difficult macroenvironment in the first quarter of fiscal year 2024 but president and CEO Bill Nash put a positive spin on the market conditions.
“What we are seeing now is depreciation, which you would normally see,” he said during the earnings call. “While it can be a bit of a headwind for the wholesale business, I think overall it is good for the industry because ... [Read More]
Zeigler Auto Group hosts meet-and-greets with NASCAR’s Josh Bilicki before Chicago Street Race
Tuesday, Jun. 27, 2023, 12:50 PM
Auto Remarketing Staff
Zeigler Auto Group/Zeigler Racing is hosting a series of meet-and-greet events with Live Fast Motorsports featuring driver Josh Bilicki in the runup to NASCAR’s historic Chicago Street Race on Sunday. Bilicki will be driving the Zeigler.com No. 78 Chevrolet Camaro in the inaugural Grant Park 220. The weekend features a 100-lap race through the streets […] [Read More]
Amid tough used-car supply & wholesale price conditions, Sonic suspends operations at 8 EchoPark locations
Friday, Jun. 23, 2023, 01:45 PM
Auto Remarketing Staff
Sonic Automotive said Thursday it has indefinitely suspended operations at eight of its EchoPark used-car stores and additional related delivery/buy centers. The move is being made in response to market conditions that have led to lower used-car supply availability and steeper wholesale vehicle prices “with unpredictable volatility.” The retailer said in a release that the […] [Read More]
2023 Women in Retail honorees
Saturday, Jun. 17, 2023, 10:10 AM
Auto Remarketing Staff
Auto Remarketing is proud to celebrate our annual Women in Retail awards, a program sponsored by CarGurus. With these awards, we specifically recognize top leaders on the retail side of the auto industry, including honorees from dealerships, dealer groups and third-party providers/vendors. Honorees will be recognized in the upcoming July issue of Auto Remarketing and at Used […] [Read More]
Lithia & Driveway expand portfolio, acquiring 13 locations from Priority Automotive
Tuesday, Jun. 13, 2023, 03:41 PM
Auto Remarketing Staff
Lithia & Driveway grew its dealership footprint in a significant way again on Tuesday. The group announced the purchase of 13 locations from the Priority Automotive Group in Virginia, expanding its footprint in the strong performing Mid-Atlantic Region. The company said the stores are projected to generate more than $1.2 billion in annualized revenue. Executives […] [Read More]
Dealer M&A moves involving Dimmit, Group 1 & Mills groups
Tuesday, Jun. 6, 2023, 02:48 PM
Auto Remarketing Staff
Dimmit Automotive Group, which includes 13 dealerships throughout Florida’s Gulf Coast, has expanded to the powersports segment. The group has purchased Cycle Springs Powersports in Clearwater, Fla., according to a news release from Performance Brokerage Services, which advised on the transaction. Family-owned Dimmit Automotive Group has been in operations for nearly a century, following Lawrence […] [Read More]
Assurant’s EV sales training course to focus on 5 core topics
Tuesday, Jun. 6, 2023, 02:31 PM
Auto Remarketing Staff
Assurant plans to cover five primary topics in its comprehensive electric vehicle (EV) sales training course. The course titled, “EV Sales Professional’s Blueprint” is designed to address the fundamental differences between EVs and traditional internal combustion engine (ICE) vehicles and gives sales professionals the tools to grow their sales expertise ahead of the coming wave […] [Read More]
17 largest dealer groups ranked for service appointment call effectiveness
Monday, Jun. 5, 2023, 04:02 PM
Auto Remarketing Staff
When it comes to making it easy for consumers to schedule service appointments by phone, some dealer groups, apparently, do it better than others. On Monday, Pied Piper released the results of its 2023 PSI Service Telephone Effectiveness Study, which examined the 17 largest auto dealer groups for how easily consumers can call to set […] [Read More]
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