Joe Overby, Senior Editor

Penske Automotive Group is buying another used-car retailer in the U.K., a move the group’s chairman says “almost doubles” its standalone pre-owned store business in the country.   The dealer group said Tuesday it has signed a deal to purchase The Car People, a used-car retailer with four... Read More

Costco Auto GM holiday sale grows 55%

Auto Remarketing Staff

Costco Auto Program announced Tuesday that now halfway through its Holiday Sales Event with General Motors, the program has already had 55 percent more Costco members register to take advantage of its exclusive offerings compared to last year. The Holiday Sales Event, which launched on Oct. 3, runs through... Read More

Dealers still optimistic on pre-owned car sales

Joe Overby, Senior Editor

Dealers are still feeling relatively optimistic about their user-car operations. And for independents, in particular, they’re starting to see some relief from supply shortages — albeit in the form of pricier units. As part of the fourth quarter Cox Automotive Dealer Sentiment Index, franchised and... Read More

Auto Remarketing Staff

Global fleet logistics company Transfercar has rolled out new rental fleet relocation services in Chicago, Boston and Minneapolis that offers drivers free one-way car rentals. In an effort to align rental car companies fleet relocation needs with consumer travel requirements, Transfercar is working with various... Read More

Auto Remarketing Staff

AutoNation announced Monday that it is gearing up to host hiring events in Central and South Florida on Dec. 13 from 7:00 a.m. to 2:00 p.m. (ET). The company said hundreds of open sales and service positions are currently available in both South and Central Florida. Management representing more than 20... Read More

Ally nominates 47 for TIME Dealer of Year

Auto Remarketing Staff

Ally Financial announced Monday that it has chosen 47 U.S. dealers as nominees for the 2018 TIME Dealer of the Year award. Each year, the award recognizes several successful dealers who show a strong commitment to community service. In addition to a $1,000 contribution from Ally for each dealer's charity of... Read More

Autotrader names latest top CPO deals

Auto Remarketing Staff

As shoppers take advantage of November’s extra special incentive deals surrounding holiday shopping, Autotrader has come out with its top picks for certified pre-owned deals this month. Autotrader’s list includes Land Rover's CPO program, which touts special incentives on CPO versions of the Range Rover... Read More

Auto Remarketing Staff

Kerrigan Advisors determined dealerships not only are moving metal this year, but they’re also turning their entire operations at quite a clip, too. The firm’s Blue Sky Report for Q3 2017 indicated the dealership buy/sell market is poised for its most active year ever with more than 200 transaction closings... Read More