In a few special editions of the Auto Remarketing Podcast, we’re sharing some of the panel discussions and keynote presentations from the recent Automotive Intelligence Summit in Raleigh, N.C. Next up is a fireside chat between Maryann Keller & Associates managing director Jeremy Alicandri and Rick Borg, executive vice president of the Costco Auto Program. […] [Read More]

With the launch of CarSense Glen Mills in Pennsylvania, Penske Automotive Group welcomed a sixth used-vehicle supercenter in the U.S. and its 15th overall. Penske’s six CarSense stores are all in New Jersey or Pennsylvania. Penske also has nine used-vehicle supercenters in the United Kingdom. “We are delighted to open the new CarSense location in […] [Read More]

Describing the store as an example of Lithia’s strategy of acquiring “a strong brand with considerable earnings potential,” Lithia Motors has added Hazleton Honda in Hazleton, Pa., to its network. Lithia anticipates that the dealership will generate annual revenue of about $50 million. With the acquisition, Lithia extends its store network into eastern Pennsylvania. The […] [Read More]

Mitsubishi Motors North America president and chief executive officer Fred Diaz has said that the move of its headquarters from Cypress, Calif., to Franklin, Tenn., is an important part of its plan “to reinvent every aspect of Mitsubishi Motors in the U.S.” But to make that work,  the company is looking for the best employees, […] [Read More]

David Smith and members of Sonic Automotive’s leadership team were excited to share the company’s earnings results during the company’s second-quarter 2019 earnings call in July. “We want to thank our teammates, customers, vendors and manufacturer partners for helping us achieve a record second quarter,” said Smith, who is Sonic Automotive’s chief executive officer. But […] [Read More]

Saying the move places it in a stronger position for future digital retailing, connected vehicles and mobility opportunities, auto company JM Family has named Chad Couch as its new chief information officer. Leading JM Family’s technology and innovation strategy, Couch will work to identify new and emerging tech tools and services to support future growth. […] [Read More]

Among the financial details reported for second quarter 2019 by Group 1 and Asbury were perspectives on emerging vehicle technologies and their benefits to these companies’ service operations. Group 1 said repair costs are not likely to “materially change” soon, but the nature of the (vehicle) components needing attention will shift. “As vehicle complexity continues […] [Read More]

Used-car performance for the second quarter of 2019 over the same period last year was up slightly for public dealership groups Penske Automotive, Asbury Automotive and Group 1 Automotive, according to each group’s second-quarter financial filings, press releases and Q2 presentations to investors. • Penske reported that same-store used vehicle retail revenue (U.S. operations) was […] [Read More]

Since the inception of the Barbecue for the Troops program in 2013, the area's new-car dealers with the Chicago Automobile Trade Association, or CATA, have raised nearly $900,000, with that money going toward support of USO of Illinois initiatives. The program has initiated more than 600 fundraisers over the course of seven years, and with […] [Read More]

It was a great start to the second half of the year for the certified pre-owned car market. There were 236,579 CPO vehicle sales in July, which beat year-ago figures by 6%, despite trailing June figures by 2%, says a new Data Point report from Cox Automotive, which cites Motor Intelligence data. This follows a […] [Read More]