Retail

Electric vehicle manufacturer Fisker continues building its new dealer network with the addition of two dealer partners set to open three locations in the U.S. The new dealers are Bul Auto Sales, which plans to open Fisker Albany (N.Y.) and Fisker Jacksonville (Fla.), and Karma Indy, which will open Fisker Indianapolis. The company has now […] [Read More]

Used-car retailing giant CarMax has ramped up its efforts to promote women’s sports, teaming with reigning National Women’s Soccer League champion Gotham FC as the club’s marquee partner and official automotive retailer. The new multi-year agreement includes the CarMax logo on the front of the team’s jerseys. “CarMax is proud to build on our partnership […] [Read More]

Lithia & Driveway added one more state to its ever-expanding footprint with the acquisition of Minnesota-based Carousel Motor Group. The purchase includes Carousel’s nine dealerships in the Minneapolis-St. Paul area, including one just across the state line in Hudson, Wisc. — Hudson Ford, one of the state’s largest operations. The group of mostly luxury brand […] [Read More]

The Insurance Institute for Highway Safety is getting tougher on automakers — again. For the second consecutive year, the nonprofit vehicle safety watchdog organization has raised the requirements for its Top Safety Pick and Top Safety Pick+ awards in 2024, challenging manufacturers to offer better protection for back-seat passengers and improve pedestrian crash avoidance systems. […] [Read More]

PrivateAuto, an end-to-end transactional marketplace for private-party vehicles, has partnered with automotive inspection company LemonSquad to streamline the inspection process for private-party vehicle sales. Through the partnership, PrivateAuto is offering a LemonSquad inspection service option for any vehicle listed on its platform that can be ordered directly inside the app. The service can be purchased […] [Read More]

Individuals outside the automotive industry might believe owning a dealership is a way to literally print money. Knowing full well that’s not the case, Tim Blochowiak of Protective Asset Protection offered some suggestions to help principals build real wealth through their businesses during this episode of the Auto Remarketing Podcast, recorded at NADA Show 2024 […] [Read More]

The National Automobile Dealers Association has made some adjustments to its leadership structure, including the creation of a new position to bolster its government relations and advocacy. NADA has promoted senior vice president of regulatory affairs Paul Metrey to the new role. He began serving in that capacity Nov. 1, 2023. Metrey, who has worked […] [Read More]

The number of franchise dealerships in the U.S. remained stable in 2023, according to the latest research from Urban Science. The automotive consulting and technology firm’s 2023 year-end Automotive Franchise Activity Report found there were 18,347 dealership rooftops nationally as of Dec. 31, 90 more than at the end of 2022. Meanwhile, the number of […] [Read More]

Carvana’s same-day vehicle delivery service, launched last summer, has continued its rapid expansion into 2024. The online used car retailer announced today that it is bringing the service to the Sacramento, Calif., area, making the state’s capital the latest market to offer delivery within hours of an online purchase of select vehicles. The company said […] [Read More]

Consider the landscape for used-only vehicle retailers just three years ago. Vroom, which launched its initial public offering in June 2020, made its Super Bowl advertising debut in February 2021, followed by a return trip a year later alongside rival Carvana, which joined the commercial action for Super Bowl LVI. Shift announced plans to go public through a special purpose acquisition company (or “SPAC”) in June 2020, a move that was completed in October of that year.  CarLotz, a “retail remarketing” platform, would announce its own SPAC plans that same October. Momentum was strong, amid a pandemic-driven white-hot market for pre-owned cars. Some three years later, however ... [Read More]