Penske addresses 2025 obstacles, 2026 optimism
Image courtesy of Penske Automotive Group, Inc.
Image courtesy of Penske Automotive Group, Inc.
Penske Automotive persevered through a challenging fourth quarter of 2025, and the company’s used-vehicle business was no exception. “Used-vehicle sales continue to be constrained by fewer lease returns and affordability,” said Rich Shearing, North American operations officer for Penske Automotive Group. Shearing made that comment during Penske’s fourth quarter 2025 earnings call last week. He […]
November 09, 2026
Carsonexports Worldwide Auto Sales has persevered through the evolution of the auto industry since Jack Way started the company in 1987. Way died in 2012, and the company has since continued working to overcome recent challenges such as U.S. tariffs on Canadian goods, said Way’s son, Carsonexports president/owner Carson Way. “We’ve been able to supplement […]
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November 09, 2026
Since its inception, Auction Academy has benefited from the support of commercial consignors and national account executives who share their expertise with Academy students, providing insight into the strategies and operations shaping automotive remarketing. Over the program’s 15-year history, these relationships have become an important part of the Academy’s educational experience. Among those leaders is […]
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November 09, 2026
TPC Management Company has a new president. The company announced that Jiles Wanna, previously the vice president of client services, has been promoted to president. Pierre Pons will move into the CEO role. Pons co-founded TPC, now in its 30th year of business, with his wife Pauline. In a news release, the co-founders said: “Jiles […]
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