Auto Remarketing Staff

CarMax has once again made the list of "100 Best Companies to Work For" released by FORTUNE magazine. This year, the used-car retailer took spot No. 34 for its 14th consecutive year of making the list. "This award recognition is a direct result of the culture created by our... Read More

HGreg.com opens 3rd Florida dealership

Auto Remarketing Staff

HGreg.com announced Wednesday that it has opened HGreg.com Broward, its third location in Florida that includes a 28,515-square-foot building, along with more than 400 cars on a four-acre lot. The company said it will employ up to around 80 full- and part-time employees at the new location. HGreg.com belongs to the... Read More

Nick Zulovich, Staff Writer

Just like that four-cylinder engine in a 2017 model is probably much more efficient and robust than the same level power plant in a vehicle 10 years older, Asbury Automotive Group is anticipating an ongoing software upgrade will rev up its used-vehicle department to a much higher performance than what the dealer group... Read More

Auto Remarketing Staff

The Enterprise Rent-A-Car Foundation announced Monday that it has donated a total of $20 million to food banks over two years as part of its Fill Your Tank initiative, which aims to provide $60 million to address food insecurity in communities served. The companywide initiative was launched in 2016 to celebrate... Read More

Used-car momentum only beginning for AutoNation

Joe Overby, Senior Editor

AutoNation opened three standalone used-car stores in 2017, rolled out its fourth in January and has plans to open its fifth AutoNation USA location — this time in Las Vegas — by the end of this quarter. What’s more, the retailer is making additions on the wholesale side of pre-owned, too, with plans... Read More

Arlena Sawyers , Correspondent

Penske Automotive Group will expand its standalone, used-vehicle supercenter footprint with three new used-car stores in the U.S., said chief executive Roger Penske. The company will open the greenfield sites under its U.S. brand, CarSense, which operates five used-car supercenter locations in Pennsylvania and New... Read More

Auto Remarketing Staff

Hyundai Motor America announced Friday that its Hyundai Shopper Assurance program that is designed to give car buyers an easier and faster way to make a purchase or lease will be available nationwide. Following its initial launch in four markets late last year, Hyundai said the program is set to roll out at... Read More

CarMax elects 2 new board members

Auto Remarketing Staff

CarMax announced Friday that John Standley has retired, and its board of directors has elected new members Peter Bensen and Robert Hombach, effective April 1. Standley, chairman and chief executive officer of Rite Aid Corporation, retired from the board this past Monday because of other business demands, the... Read More