Retail
Enterprise Rent-A-Car hunger relief initiative donates $20 million
Monday, Feb. 12, 2018, 06:15 PM
Auto Remarketing Staff
The Enterprise Rent-A-Car Foundation announced Monday that it has donated a total of $20 million to food banks over two years as part of its Fill Your Tank initiative, which aims to provide $60 million to address food insecurity in communities served. The companywide initiative was launched in 2016 to celebrate Enterprise's 60th anniversary over […] [Read More]
DC dealers help to host Senate hearings during auto show
Monday, Feb. 12, 2018, 04:56 PM
Auto Remarketing Staff
Dealers and lawmakers recently found another way to gather in the shadow of Capitol Hill. Events DC, the official convention and sports authority for the District of Columbia and the Washington Area New Automobile Dealers Association (WANADA) welcomed the U.S. Senate Committee on Commerce, Science and Transportation along with the Committee on Energy and Natural […] [Read More]
Used-car momentum only beginning for AutoNation
Friday, Feb. 9, 2018, 10:05 PM
Joe Overby, Senior Editor
AutoNation opened three standalone used-car stores in 2017, rolled out its fourth in January and has plans to open its fifth AutoNation USA location — this time in Las Vegas — by the end of this quarter. What’s more, the retailer is making additions on the wholesale side of pre-owned, too, with plans to open […] [Read More]
Penske to expand used-car superstore footprint in U.S. under CarSense brand
Friday, Feb. 9, 2018, 09:08 PM
Arlena Sawyers , Correspondent
Penske Automotive Group will expand its standalone, used-vehicle supercenter footprint with three new used-car stores in the U.S., said chief executive Roger Penske. The company will open the greenfield sites under its U.S. brand, CarSense, which operates five used-car supercenter locations in Pennsylvania and New Jersey. The first new location will be in Phoenix and […] [Read More]
Hyundai announces nationwide Shopper Assurance program launch
Friday, Feb. 9, 2018, 05:21 PM
Auto Remarketing Staff
Hyundai Motor America announced Friday that its Hyundai Shopper Assurance program that is designed to give car buyers an easier and faster way to make a purchase or lease will be available nationwide. Following its initial launch in four markets late last year, Hyundai said the program is set to roll out at participating dealerships […] [Read More]
CarMax elects 2 new board members
Friday, Feb. 2, 2018, 06:42 PM
Auto Remarketing Staff
CarMax announced Friday that John Standley has retired, and its board of directors has elected new members Peter Bensen and Robert Hombach, effective April 1. Standley, chairman and chief executive officer of Rite Aid Corporation, retired from the board this past Monday because of other business demands, the company said. And Jeff Garten, Yale School of […] [Read More]
Penske raises over $1 million for Paralyzed Veterans of America
Friday, Feb. 2, 2018, 04:43 PM
Auto Remarketing Staff
Penske Automotive Group announced Thursday that it has raised over $1 million through its "Service Matters" campaign for the Paralyzed Veterans of America. The annual campaign has now raised more than $3 million for the veterans service organization since 2015, the company said. This year, Penske has matched each donation — up to a total contribution […] [Read More]
Certified pre-owned car sales start year up 5%
Friday, Feb. 2, 2018, 04:03 PM
Joe Overby, Senior Editor
After just narrowly notching another record year, sales of certified pre-owned vehicles climbed more than 5 percent in January. The CPO market began 2018 with 203,024 sales last month, according to Autodata Corp. This was a 5.3-percent hike over January 2017 — although it was also an 8.2-percent decrease from December. The Big 3 was the highlight of the […] [Read More]
Carvana doubles NC markets
Wednesday, Jan. 31, 2018, 06:06 PM
Auto Remarketing Staff
Carvana announced Wednesday that it has added two more North Carolina markets, since launching in both Charlotte and Raleigh last year. Greensboro and Winston-Salem-area residents can now shop Carvana’s more than 9,000 vehicles and schedule as-soon-as-next-day vehicle delivery, according to the company. “We received a warm welcome in Charlotte and Raleigh, so we were eager to […] [Read More]
AutoNation partners with Flexential to ensure IT stability
Tuesday, Jan. 30, 2018, 04:19 PM
Auto Remarketing Staff
With so much of its business activity connected to technology nowadays, AutoNation made a move to ensure its customers can easily connect with its dealerships, and employees can complete work via the solutions they need. Flexential, a hybrid IT infrastructure provider, announced the recent deployment of a high-density Disaster Recovery environment for AutoNation. The dealer […] [Read More]
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