Auto Remarketing Staff

AutoNation chief executive Mike Jackson, who has held that role since 1999, plans to transition out of his post as chairman, CEO and president next year to become executive chairman, the retailer announced Wednesday. The dealer group has extended Jackson’s contract through 2021. AutoNation’s board of... Read More

Lithia leads $140 million financing round in Shift

Auto Remarketing Staff

Lithia Motors, one of the six publicly traded dealer groups in the U.S. and the fourth largest auto retailer, is leading a $140 million round of Series D financing in Shift, an online automotive marketplace. The funding announced Thursday morning, which includes equity and debt, more than doubles Shift’s total... Read More

Carvana grows Oklahoma market presence in Tulsa

Auto Remarketing Staff

Carvana has grown its Oklahoma market presence with its latest market launch in the growing city of Tulsa. “Tulsa has a metro population approaching 1 million people, yet maintains a warm and welcoming local culture,” Carvana founder and chief executive officer Ernie Garcia said in a news release. The... Read More

Autotrader compiles top CPO deals for September

Auto Remarketing Staff

New vehicles from the 2018 and 2019 models are filling rows at franchised dealerships, but Autotrader spotted a half dozen financing offers that are making certified pre-owned vehicles stand tall at stores, too. This week, Autotrader compiled a list of what experts believe are the best CPO deals going in September,... Read More

Group 1 names former Deloitte executive to board

Auto Remarketing Staff

Group 1 Automotive has added a former Deloitte executive to its board of directors, bringing the total number of board members up to 10. The retailer announced Wednesday that joining its board effective immediately is Anne Taylor, who worked for Deloitte in such roles as its first chief strategy officer, managing... Read More

Arlena Sawyers , Correspondent

CarMax Inc.’s wholesale auction arm just extended its reach. CarMax Auctions is also mulling over allowing dealers that buy vehicles at its auctions in person to one day buy those vehicles online, said Fred Stark, CarMax assistant vice president of auction services. “Simulcast is certainly something... Read More

Auto Remarketing Staff

Taking on a second term as chairman of the Greater New York Automobile Dealers Association (GNYADA) is a third-generation dealer. Lee Certilman, the co-owner of Long Island's Nardy Honda Smithtown dealership will focus on creating local jobs during another term as the association’s chair, GNYADA announced... Read More

Auto Remarketing Staff

When it comes to running an auto dealership and all its moving pieces — especially the service department — communication is paramount. And improving that service department communication is where Singlethread comes into play. In this grand finale of our automotive conference season podcasts recorded in the... Read More