Sales pace slows, but CPO remains important ‘middle ground’ amid affordability challenges
In Catalyst IQ’s State of the Industry report for the second quarter, a subsection titled “Actionable Guidance for Automotive Retail” lists the following used-car implications for automakers. “A healthy used market supports long-term brand value by strengthening residual values and lease economics. Monitoring and supporting used supply will remain essential when planning production levels, incentive […]
November 06, 2026
Tom Kilgarriff describes McGovern Automotive Group president Matt McGovern as “a big proponent of used cars.” “All the stores are expected to sell used cars, and year to date we’re just about one to one used to new,” said Kilgarriff, who is group pre-owned manager for McGovern Automotive Group, who is Auto Remarketing’s 2026 Franchise […]
Read More
November 06, 2026
During its third quarter earnings call, Cars.com launched Marketplace Starter, a no-fee self-service subscription plan aimed at independent dealers. The online marketplace sees attracting more independent dealers to list on its site as a key to long-term sustainability. “In keeping with our focus on development velocity, we launched our first self-service marketplace offering to better […]
Read More
November 06, 2026
Penske Automotive Group reported its third-quarter financial results late last month, with quarterly revenue up 5% year over year to $8.4 billion. However, those used to PAG’s detailed earnings call presentation after the initial press release found things a bit different this time around. Its second-quarter conference call with industry analysts earlier this year might […]
Read More