Minnesota dealer Paul Walser will become the 2021 chairman of the National Automobile Dealers Association during this week's NADA Show 2021. Below is an emailed Q&A with Walser, who succeeds 2020 chairman Rhett Ricart.  Auto Remarketing: What are your top priorities as NADA Chairman in 2021?  Paul Walser: I have four main priorities during my […] [Read More]

Carvana on Thursday made two announcements showing that it seems to plan a continuation of its trend of growth into 2021. After saying Wednesday that it was making its Louisiana debut by bringing its as-soon-as-next-day touchless home delivery to four cities in that state, the company made two additional announcements on Thursday. The first was […] [Read More]

With the all-digital NADA Show 2021 happening this week, Auto Remarketing is launching a special series of Auto Remarketing Podcast episodes around the auto retail space. We begin this series with an episode featuring Tim Cox, senior vice president of sales and co-founder of CarNow. Look for additional episodes throughout the week, featuring executives from Dealer.com, […] [Read More]

Auto Remarketing continues our reporting on 2020 used-vehicle sales for the public retailers, this time looking at Group 1 Automotive, which released its quarterly and full-year earnings report on Thursday. Group 1 has international operations, but for the purposes of consistency, we isolate the U.S. results for this story. And similar to what its peers […] [Read More]

The auto industry hit some bumps in the road during 2020, but there were some bright spots, including some positives in pre-owned.  Those were evident in earnings releases as the public dealer groups began reporting full-year results this week. For instance, Lithia Motors increased its used-vehicle retail revenue by 13.4% in 2020, and sold 7.5% more used […] [Read More]

Carvana made its Louisiana debut on Wednesday. The online retailer announced it was bringing its as-soon-as-next-day touchless home delivery to Lafayette, then made three subsequent announcements that it was launching in the Louisiana cities of Alexandria, Lake Charles and Baton Rouge, as well. In the first announcement on Carvana’s offering in Lafayette, Carvana’s founder and chief executive officer Ernie […] [Read More]

The National Automobile Dealers Association for several years has kept a tradition of making a philanthropic donation to a local organization in the city where its NADA Show takes place. Last year, for example, NADA donated $50,000 to the Nellis Support Team in Las Vegas. That nonprofit organization supports airmen and their families at Nellis […] [Read More]

DealerPolicy announced a $30 million round of Series B funding on Tuesday, which the company plans to use for developing its insurance marketplace serving the auto retail business as well as expanding its team. The latter includes the addition of a president and chief operating as well as a senior vice president of sales. Named president and […] [Read More]

Asbury Automotive Group announced Monday it appointed longtime Toyota executive William Fay to its board of directors. The appointment of Fay was effective Thursday. Asbury chief executive officer David Hult said the appointment of Fay could place Asbury in a stronger position to execute on its five-year strategic plan that the company released in December. Fay, who spent more […] [Read More]

A new program called AAA Inspected, powered by SureSale, provides information to help consumers to feel sure about the used vehicle they are purchasing. That includes an independent inspection by a certified mechanic and a Factfile vehicle report. AAA Club Alliance and used-vehicle platform SureSale on Monday launched the program, which also provides a thorough […] [Read More]