There was more than 3.1 million off-lease units hitting the market last year, according to Manheim, and that number is only expected to rise in coming years.  With certified pre-owned being a popular channel for these off-lease units to call home — and with leasing being especially popular with luxury brands — Auto Remarketing asked […] [Read More]

A certified pre-owned vehicle purchase can be the first luxury buy many consumers make who’d like to test the waters before buying new. As part of our Best CPO Dealers issue of Auto Remarketing — we asked top-selling dealers in the Infiniti CPO program how certified pre-owned has helped them get aspirational luxury buyers into […] [Read More]

Group 1 Automotive announced on Monday it expanded its board of directors to 10 directors following the appointment of Carin Barth, president of LB Capital, a private equity investment firm she co-founded in 1988. "It is exciting to add Carin to our Board,” Group 1 Automotive chief executive officer Earl Hesterberg said in a news […] [Read More]

One of the perks that might entice a shopper to buy a certified pre-owned vehicle over a non-certified used car is that the ride — and the experience of buying that car — is “like-new.” With that in mind — and as part of our Best CPO Dealers issue — Auto Remarketing asked some of the top Buick-GMC dealers […] [Read More]

The franchised dealership count remained steady in 2016 and almost set another record for new-vehicle sales throughput. That’s according to the 2016 year-end Automotive Franchise Activity Report from Urban Science released Monday. The 18,170 new-car dealership rooftops on Jan. 1 was up 0.5 percent from the count a year earlier (18,087).  The number of franchises […] [Read More]

When a shopper buys a certified pre-owned vehicle, particularly if it’s a luxury ride, it’s often seen as a way to get that consumer into the brand and potentially buy a new car down the road. In other words, a CPO buyer might be a future new-car buyer for that brand. With that in mind […] [Read More]

Amid a certified pre-owned market that continues to grow, Autotrader has come out with this month’s list of top picks for certified pre-owned deals and incentive offers in February. "Not everyone can spend a fortune for a new car, but the potential repair bills from a modern used car can deter shoppers,” Autotrader executive editor […] [Read More]

Paragon Honda in Woodside, N.Y., has been the No. 1 certified pre-owned dealer in the U.S. every year since American Honda Motors Co. began tracking the data in 2008, according to the company’s remarketing department. It sold 3,012 CPO units in 2016, good enough for a 20-percent gain, says Paragon Honda’s Brian Benstock. And very soon, […] [Read More]

The two used-car standalone store outfits that Penske Automotive Group recently purchased — CarSense in the U.S., CarShop in the U.K. — should pull about $700 million in revenue each year, says the retailer’s chief executive, Roger Penske. Buying these standalone pre-owned outlets, Penske said in a quarterly conference call this week, gives the dealer group a […] [Read More]

The Jim Ellis Automotive Group recently announced that it raised $65,000 for Boys & Girls Clubs of Metro Atlanta for the between Nov. 25 and Jan. 2 by setting aside a portion of every new or pre-owned vehicle purchase that occurred at one of its 13 locations for the organization. The Boys & Girls Clubs […] [Read More]