Auto Remarketing Staff

About a week after being chosen as this year’s chair for the Federal Reserve Bank of Atlanta, AutoNation chairman, chief executive officer and president Mike Jackson highlighted how much the dealer group should benefit from federal tax reform recently signed by President Donald Trump. On Tuesday, AutoNation... Read More

Retail used-car trends to watch this year

Arlena Sawyers , Correspondent

Dealers know that competition for retail used-vehicle sales and profits is fierce, and keeping expenses manageable and transaction prices competitive is a never-ending battle. But despite that, many dealers are betting on a strong economy and strong used-car sales this year, and some are even adding stores or... Read More

Auto Remarketing Staff

Morgan Auto Group announced Monday that it has named Dan Like the regional director of its north Florida operations in Jacksonville and Gainesville. Like most recently served as general manager for six years at Morgan Auto Group’s Honda of Gainesville store. “I am so pleased that Dan Like will have... Read More

J.D. Power's Stanton named NADA COO

Auto Remarketing Staff

Mike Stanton, a longtime executive with what is now known as J.D. Power Valuation Services, is back with the National Automobile Dealers Association. NADA said Wednesday that Stanton has been named its senior vice president and chief operating officer. “I am excited to be back at NADA and have the opportunity... Read More

From the Editor: CPO Extra is now Pre-Owned & CPO

Joe Overby, Senior Editor

Though it doesn’t seem that long ago, I wrote a blog post in May for our Used Car Week website that explained the new-and-improved agenda format for the weeklong conference series. Included in that new Used Car Week format was the CPO Forum transitioning into the Pre-Owned Con. Essentially, we adapted the... Read More

7th straight record year for CPO car sales

Joe Overby, Senior Editor

Certified pre-owned vehicles sales reached a seventh straight record year by the slimmest of margins. According to Autodata Corp., there was an estimated 2,645,718 CPO vehicles sold in 2017, compared to 2,642,986 sold in 2016. That’s a gain of just 0.1 percent, but it was enough to bump certified sales to their... Read More

Penske finalizes purchase of UK used-car retailer

Auto Remarketing Staff

Penske Automotive Group said Wednesday it has closed its purchase of U.K.-based used-car retailer The Car People. The acquisition was first announced Dec. 12. “I am delighted to welcome The Car People team to Penske Automotive Group,” Company chairman Roger Penske said in a news release.“The... Read More

Carvana adds 5th Texas market

Auto Remarketing Staff

Carvana recently announced that it has launched its latest market in Corpus Christi, Texas, growing its Lone Star State footprint to five markets. Corpus Christi area residents can now receive as-soon-as-next-day vehicle delivery when they finance, purchase or trade in a vehicle on Carvana.com. “Corpus... Read More