Hunter Automotive Group has moved into the big city. The Henderson, N.C.-based dealership group announced it has acquired Victory Chevrolet in Charlotte from Brandon Gandy, its first location in the state’s largest market. “Charlotte is a key market for our strategic growth,” Hunter Automotive owner and CEO David Hunter said. “We are focused on expanding […] [Read More]

Sonic Automotive thinks of its EchoPark used-vehicle business as “the Costco … of the pre-owned world.” Sonic’s president Jeff Dyke made that comment during Sonic’s fourth quarter 2025 earnings call on Wednesday. Although he didn’t immediately explain what he meant by the Costco comparison, he said later that EchoPark’s combination of being a low-cost provider […] [Read More]

Group 1 Automotive sold more used vehicles in the fourth quarter and for all of 2025 than in the previous year, but made less money from those sales. Executives in the earnings call put a positive spin on the news, however. “Our used GPUs in the U.S. are higher today than pre-COVID. They’re lower than […] [Read More]

CPO FOMO is real. The certified pre-owned segment is an “underutilized” lever with a bevy of advantages for dealers and automakers,  said Jonathan Banks of J.D. Power during a presentation at the JD Power Auto Summit earlier this month. Average monthly payments on CPO vehicles last year ($592) were comparable to average non-CPO used ($609) […] [Read More]

We’ve got some new and exciting ideas being implemented at the Used Car Industry Summit this spring. Day 3 of the event, which runs April 13-15 in Miami, will include a morning of deep-dive roundtable discussions. These roundtables will allow attendees to have more nuanced, meaningful conversations about the sessions from the event’s first two […] [Read More]

The outlook for the certified pre-owned vehicle market is strong, say leaders of automaker CPO programs who talked with Auto Remarketing at NADA Show 2026 and in preceding weeks. Sales in 2025 were robust, despite ongoing supply challenges and general affordability issues within automotive. Expanded tiers have worked for some automakers, while off-lease supply is […] [Read More]

Car dealers want their customers to have a warm feeling as they leave the dealership with their new vehicle. This winter, dealers in the New York City area are working to spread the warmth throughout their community. The Greater New York Automobile Dealers Association partnered with New York Cares to deliver thousands of winter coats […] [Read More]

During the week that concluded on Valentine’s Day, the auction scene was one that consignors and remarketers probably love to see. Black Book reported that wholesale prices edged up slightly and perhaps more importantly, last week’s auction conversion rate rose 2% from previous week to 63%, “reflecting steady buyer engagement and disciplined bidding across lanes.” […] [Read More]

HiveAuto has appointed Victor Young to its board of directors. The parent company of Slydyn, a consumer-centric technology designed to enable drivers to compare availability and book dealership service digitally, said Young will serve as a strategic advisor in that capacity, working with Slydyn’s leadership team on product evolution, dealer engagement and long-term growth strategy. […] [Read More]

If the December numbers for Costco Auto’s certified pre-owned and select pre-owned programs were very good, the January numbers were eye-popping. After demand for CPO and SPO vehicles held steady through much of 2025, Costco reported a strong 10% year-over-year jump in December. That jump transformed into a giant leap in January, when Costco member […] [Read More]