On Thursday, Group 1 Automotive announced the appointment of Charles Szews to its board of directors. Szews joins eight other directors on the company’s newly expanded board. "Charlie brings strong leadership, experience managing global businesses, and expertise in capital allocation and generating shareholder value," said Earl Hesterberg, Group 1 president and chief executive officer. For close […] [Read More]

In a development relevant to dealerships of all sizes, the Federal Trade Commission on Thursday announced final amendments to its Used Car Rule. The FTC sought public comments on a series of proposed changes to the rule  — formally known as the Used Motor Vehicle Trade Regulation Rule — that requires dealers to display a […] [Read More]

Cox Automotive has three events remaining in its 2016 Interactive Dealer Summit and Elevate program series. Each event is designed to help dealers attain profitability and advance their wholesale and retail operations in the face of declining margins and growing consumer expectations for the buying experience. The lineup includes: — The Philadelphia Interactive Dealer Summit in […] [Read More]

On Tuesday, Autotrader shared its favorite certified pre-owned November special deals and offers available to shoppers through the end of the month. "Holiday shopping can put a pinch on budgets, and the potential problems associated with used vehicles can make shoppers wary," said Brian Moody, executive editor at Autotrader. "That's where certified pre-owned cars and […] [Read More]

There have been some big changes to the digital marketing landscape — ones that certainly impact dealers, says Kerri Wise, TrueCar's vice president of dealer marketing. “We're in the era of the empowered consumer,” Wise said in a phone interview with Auto Remarketing. “And I think the consumer is really what's changing. “They have a […] [Read More]

Perhaps just when Volkswagen dealers thought happier customers might be arriving at their service drive and showrooms, OEM officials in Wolfsburg, Germany acknowledged that investigators in that country are conducting a new probe involving Hans Dieter Pötsch, the chair of VW’s supervisory board. The subject of the investigation is alleged market manipulation, according to VW’s […] [Read More]

Enterprise Holdings and its affiliate Enterprise Fleet Management delivered record results in fiscal year 2016. For the 12-month period ended July 31, the company generated $20.9 billion in revenue. That was an 8.1-percent increase over FY 2015, according to a news release. As privately held companies, they do not disclose net income. Enterprise Holdings and […] [Read More]

CarMax has begun its largest hiring effort to date, following an announcement that the company is opening a new Murrieta, Calif. multi-purpose facility in February. The company is hiring more than 250 associates to staff the new location. A majority of the positions available are roles in service operations such as inventory, service advisors and technicians. There […] [Read More]

Sonic Automotive’s standalone used-car store program known as EchoPark Automotive is moving full steam ahead and doesn’t appear to be slowing anytime soon. The hub-and-spoke model that began in Colorado continues to grow, with future stops in the American South. EchoPark now has five locations open, two of which became fully operational in the third […] [Read More]

UPDATED to correct October monthly industry/domestic/Asian/European sales figures Certified pre-owned vehicle sales fell on a year-over-year basis for the second straight month, but are still up 3 percent year-to-date, according to Autodata Corp. With 2.21 million CPO vehicles sold through 10 months of 2016, full-year sales can still beat last year’s 2.55 million sales and mark […] [Read More]