July 2022

Dealer group notes: Zeigler off to the races, while AutoNation is going to school

The racecar that will prominently feature the Zeigler Auto Group next weekend at Michigan International Speedway likely will be traveling tremendously faster than the vehicles involved in upcoming teen driver education classes to be hosted by AutoNation. The two auto groups announced campaigns this week meant to connect with their communities in different ways, but leadership has high hopes for success. Zeigler Auto Group is an anchor sponsor of Josh Bilicki’s Spire Motorsports Chevrolet which will be the No. 77 Michigan State University/Zeigler Automotive Chevrolet featuring a special Michigan State… Read More »Dealer group notes: Zeigler off to the races, while AutoNation is going to school

Women in Retail: Alexi Venneri of Digital Air Strike

Auto Remarketing is recognizing the 2022 Women in Retail honorees in the current issue of the magazine and at Used Car Week this fall in San Diego.  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 AR is posting Q&As with each of the honorees on this website. Next up is Alexi Venneri, co-founder and chief executive officer of Digital Air Strike. Auto Remarketing: What do you enjoy most about working in retail automotive, and what would you change? Alexi Venneri:… Read More »Women in Retail: Alexi Venneri of Digital Air Strike

Women in Retail: Brandie Linfante of Spectrum Automotive Holdings

Auto Remarketing is recognizing the 2022 Women in Retail honorees in the current issue of the magazine and at Used Car Week this fall in San Diego.  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 Over the next few weeks, AR will be posting Q&As with each of the honorees on this website. Next up is Brandie Linfante, chief marketing officer at Spectrum Automotive Holdings. Auto Remarketing: What do you enjoy most about working in retail automotive, and what would you change?… Read More »Women in Retail: Brandie Linfante of Spectrum Automotive Holdings

Women in Retail: Tori Morandi of A2Z Sync

Auto Remarketing is recognizing the 2022 Women in Retail honorees in the current issue of the magazine and at Used Car Week this fall in San Diego.  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 Over the next few weeks, AR will be posting Q&As with each of the honorees on this website. Next up is Tori Morandi, head of marketing at A2Z Sync. Auto Remarketing: What do you enjoy most about working in retail automotive, and what would you change? Tori… Read More »Women in Retail: Tori Morandi of A2Z Sync

IAA expands again; this time in Hawaii

Thursday, Jul. 28, 2022, 11:56 AM A week after updating its expansion activities in Indiana, IAA said, “Aloha,” from Hawaii. On Thursday, IAA announced the opening of a state-of-the-art, full-service facility in Honolulu. The company highlighted this new location more than triples IAA’s capacity in the state, providing support to meet evolving client needs. IAA said through a news release that the previous Honolulu location will be retained for overflow use and is also available for critical situations as they arise. “We are thrilled that our new facility in Honolulu… Read More »IAA expands again; this time in Hawaii

Women in Retail: Andrea Weidman of SirusXM

Auto Remarketing is recognizing the 2022 Women in Retail honorees in the current issue of the magazine and at Used Car Week this fall in San Diego.  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. Over the next few weeks, AR will be posting Q&As with each of the honorees on this website. Next up is Andrea Weidman, pwho is vice president of auto remarketing partnerships at SiriusXM. Auto Remarketing: What do you enjoy most about working in retail automotive, and what would… Read More »Women in Retail: Andrea Weidman of SirusXM

Women in Retail: Rebecca Friel of Country Chrysler Dodge Jeep Ram

Auto Remarketing is recognizing the 2022 Women in Retail honorees in the current issue of the magazine and at Used Car Week this fall in San Diego.  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 Over the next few weeks, AR will be posting Q&As with each of the honorees on this website. Next up is Rebecca Friel, who is finance manager at Country Chrysler Dodge Jeep Ram. Auto Remarketing: What do you enjoy most about working in retail automotive, and what would… Read More »Women in Retail: Rebecca Friel of Country Chrysler Dodge Jeep Ram

Cox Automotive & Edmunds dig deep into the numbers as interest rates climb again

Thursday, Jul. 28, 2022, 11:07 AM Both Cox Automotive and Edmunds shared intriguing data and insights — such as how much more per month consumers have to pay for a $30,000 retail installment sales contract — following the Federal Reserve raising the target range for the federal funds rate by another 75 basis points, marking the second straight hike of that magnitude when policymakers had the opportunity. Before Cox Automotive and Edmunds explained the potential impact of these actions at your dealership or finance company, let’s first recap what …… Read More »Cox Automotive & Edmunds dig deep into the numbers as interest rates climb again

Sonic concludes strategic review of EchoPark

Sonic Automotive’s review of “potential strategic alternatives” for its EchoPark Automotive chain of used-car stores — announced almost exactly a year ago — has concluded. The retailer said Thursday in its quarterly earnings release that after assessing various alternatives, if found, “that timing and current market conditions do not align with the company’s value creation objectives for the business.” Sonic said it will continue expanding EchoPark as planned, “and will monitor market conditions and periodically consider potential opportunities to maximize long-term shareholder value as they arise,” the group said in… Read More »Sonic concludes strategic review of EchoPark