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

Auto Remarketing Staff

Larry H. Miller Dealerships recently acquired a Nissan store in Centennial, Colo., growing its footprint in the Denver Metro area to 12 stores. The store has been renamed Larry H. Miller Nissan Arapahoe and is located at 10030 East Arapahoe Road. “Nissan has been a standout brand for us, and this location... Read More

TrueCar, Calif. dealers settle litigation

Joe Overby, Senior Editor

More than two-and-a-half years after the suit was filed, TrueCar and the California New Car Dealers Association have settled the litigation between the two parties. In a statement released Thursday afternoon, TrueCar said as part of the resolution, its billing model in California will transition to a flat-fee... Read More

Autotrader names December's top CPO deals

Auto Remarketing Staff

With many shoppers out and about making their last purchases of the year, Autotrader has come out with its latest list of the top incentive deals available on certified pre-owned vehicle purchases this holiday shopping season. The list includes Volkswagen's CPO program, which has added an additional two... Read More