During Penske Automotive Group’s fourth quarter earnings call that took place on Feb. 5, chairman Roger Penske wanted to comment early on about the company’s 2019 achievements. He noted that the company retailed more than 500,000 new and used units and increased its used-to-new ratio from 1.20 to 1.28. The company also opened two greenfield […] [Read More]

There is a new chairman at the American International Automobile Dealers Association. At AIADA’s 50th Annual Meeting and Luncheon on Monday in Las Vegas during NADA Show 2020, Washington state dealer Jason Courter officially stepped into this role for the association. Courter is the chief executive of Honda Auto Center of Bellevue and Honda of […] [Read More]

Clutch Technologies recently finalized an integration with one of its fellow companies within the Cox Automotive family along with two other relationships in the vehicle-subscription space. On Wednesday, Nissan announced it’s testing a subscription service model that’s being powered by Clutch. According to a news release, Nissan is launching what it’s called “on-demand driving” through […] [Read More]

With Lithia Motors president and chief executive officer Bryan DeBoer saying his company is excited to enter the Sacramento market “and further expand our network with a dominant luxury vehicle presence,” Lithia Motors announced it has acquired two Lexus stores in Sacramento and Roseville, Calif. Lithia expects those stores to generate $160 million in revenue. […] [Read More]

Jim Koons has long performed philanthropic work for Catholic Charities. Each year, Koons of Koons Ford in Falls Church, Va. provides gift cards to homeless people who attend a Thanksgiving and Christmas program for the displaced. He also makes financial contributions to a local Catholic high school, where he and his family attended. Those are […] [Read More]

By now, the elaborate exhibit hall booths have been deconstructed, and many NADA Show 2020 attendees have taken cars and airplanes back to their dealerships and offices after traveling for the annual gathering of the National Automobile Dealers Association. NADA 2020 chairman Rhett Ricart offered a simple message with the intention of it lasting much […] [Read More]

Customers using the AutoNation Connected Car Program have access to safety services such as crash alert and vehicle health notifications in vehicles without built-in connectivity when choosing AutoNation to purchase their vehicles. The AutoNation Connected Car Program is powered by Automatic Labs’ in-vehicle adapter and app, and the program initially launched last April at five AutoNation […] [Read More]

As part of our annual Best CPO Dealers in the USA issue – which includes a brand-by-brand ranking of the top dealers for certified pre-owned sales in 2019 — Auto Remarketing connected with several of these top-selling dealers and asked them about the strategies that made them so successful in the CPO market. Here is what […] [Read More]

Among the many festivities this past weekend during the 103rd National Automobile Dealers Association (NADA) Show in Las Vegas was awarding of one of the highest honors a franchised store operator can receive. Susan Moffitt of Porsche in Shreveport, La., was named the 2020 TIME Dealer of the Year by TIME and Ally Financial. Moffitt was […] [Read More]

Timbrook Automotive recently expanded its dealership group with Kerrigan Advisors playing a part in the transaction; the firm’s 85th dealership sale and 11th Honda franchise sale since 2015. Kerrigan Advisors represented and advised partners Bill Barnes and Paul Ritchie on their recent sale of Altoona Honda to Timbrook Automotive, which has 11 dealerships throughout Maryland, […] [Read More]