For this dealership M&A roundup, we go to Southern California. Group 1 announced Thursday that it has purchased Mercedes-Benz of Anaheim, which bumps the retailer’s Mercedes store count to 17 throughout the U.S. and U.K. Group 1’s purchases this year represent acquired annual revenues of $940 million. Last year, the retailer had acquired revenues of […] [Read More]

CarMax said on Thursday that it has reached a settlement with the attorneys general of 36 states to resolve a 2014 inquiry surrounding its advertising and sales practices related to vehicle recalls. According to a news release from New York attorney general Letitia James, the multistate coalition secured $1 million from CarMax for failing to […] [Read More]

Cherokee Media Group recognized its 2022 Used Car Awards winners, an overall program sponsored by KAR Global, at Used Car Week in November. The conference was held Nov. 14-17 at the Manchester Grand Hyatt in San Diego. Spotlighted during the Used Car Awards Luncheon, also sponsored by KAR, were the following: CPO Dealer of the […] [Read More]

As the holiday season gets rolling, companies in the auto retail space are giving back to their communities and helping those in need.  Auto Remarketing will keep tabs on these endeavors and share them in coming weeks. Starting with Step One Automotive Group, the retailer kicks off its 25 Days of Giving program on Thursday, when it will […] [Read More]

NADA Show 2023 kicks off in Dallas in less than two months, but one of the nation’s largest dealer groups is already making a move in the DFW area. Lithia & Driveway announced Tuesday that it has purchased Meador Chrysler, Dodge, Jeep, Ram in Fort Worth, which the retailer says is the second-largest CDJR dealership […] [Read More]

Danny Zaslavsky is the dealer principal at Country Hill Motors and managing partner at VINCUE. He was also a speaker during two sessions at Used Car Week in San Diego earlier this month. In this interview, Zaslavsky shares how he juggles dealership work and leading an automotive software startup, how those roles intersect and where […] [Read More]

This dealership news roundup includes both more M&A activities as well as philanthropic endeavors. Beginning with the charity work, Larry H. Miller Dealerships announced last week an expansion of its existing holiday coat drive to include all 12 Arizona dealerships across Metro Phoenix and Tucson through a partnership with Valley of the Sun United Way […] [Read More]

Lithia & Driveway has named a regional president of operations, appointing Adam Chamberlain to the role. Chamberlain, who joins the company after serving as president of Aston Martin NA, will lead Lithia’s consumer optionality strategy, support network development and overseeing the retailer’s operations teams in the East. He will work with Lithia’s three other regional […] [Read More]

There has been a surreal quality to the market developments that have unfolded in the automotive sector through a pandemic-defined economy that has disrupted production without diminishing demand. Nowhere has this manifested itself more dramatically than in the used-vehicle market. Success has been more closely tied to buying (putting cars on lots) than selling (guiding […] [Read More]

Most companies would bemoan a 67% drop in the number of vehicles sold online in the third quarter of 2022. Not so used car retailer Vroom. “We've made the choice to slow down. We slowed down with the intent to continue improving our customer experience. We plan to live within our means while we prioritize […] [Read More]