CarMax announced first-quarter results for the start to its 2016 fiscal year, reporting another record quarter for sales and earnings. With net sales and operating revenues increasing by 7.1 percent to $4.041 billion, it is apparent the retailer — which was recently featured in our Top 100 Independent Dealers issue — had a robust start to […] [Read More]

J.D. Power just released its 2015 Initial Quality Study ratings and results, and it seems Korean brands are continuing to improve while other more well-known brands may be feeling the impact of recent recalls. With impressive year-over-year improvement, the Korean brands “continue to widen the quality gap with other automakers,” J.D. Power reported, while Japanese […] [Read More]

Penske Automotive Group has promoted a new chief financial officer. J.D. Carlson, the company’s senior vice president and corporate controller, has been named executive vice president and CFO. This move was made following the announcement that David Jones is resigning from his role as EVP and CFO at Penske to accept a similar role with […] [Read More]

Separate announcements from both Honda and Toyota were released yesterday and today, respectively, identifying vehicles from their lineups that are affected by the Takata recall which was expanded toward the end of May. Honda’s Monday announcement outlined that it will replace, free of charge, Takata passenger front airbag inflators installed in certain 2001-2005 Civic and […] [Read More]

After announcing a fourth location back in March, AutoMatch USA is expanding its presence in the Sunshine State. The dealership chain that specializes in foreign and domestic pre-owned vehicles of all makes and models has opened its fifth full-service auto super center in Ocala, Fla., located at 3550 South Pine Avenue. The company also has […] [Read More]

As part of our “Top 100 Used Car Dealers: Independent Edition" issue of Auto Remarketing, we asked some of the nation’s leading independent stores about the challenges they face in the pre-owned market and the strategies they use to overcome those hurdles, as well as how these dealers excel in the used-car business. Below is what three of […] [Read More]

The increasing digitization of the auto sales industry has changed more than just the screens and mediums shoppers’ use to research their next vehicle purchase. In the recently released Earnst & Young Future of Automotive Retail report, the company contends we are in the midst of an overall automotive retail paradigm shift. EY broke the […] [Read More]

Greg Penske, chairman and chief executive officer of Penske Motor Group (PMG) has been named as one of the highest-rated CEOs among small and medium companies by Glassdoor, a jobs and careers marketplace, which released its annual report recognizing this year’s top leaders in companies throughout North America and Europe. Officials explained that CEO approval […] [Read More]

The National Independent Automobile Dealers Association announced today that Cooper Tire has joined NIADA as the association’s newest National Member Benefit Partner. Cooper Tire, which is the fourth-largest tire manufacturer in the world, will offer a lucrative tire sales/service member benefit program for NIADA members. “Cooper is an excellent partner and we are proud to […] [Read More]

Dealer groups might have both General Motors and Fiat Chrysler Automobiles franchised stores in their portfolio, but what if those competing domestic OEMs united as one to manufacture vehicles for their dealer networks? Reportedly, that scenario is what FCA chief executive office Sergio Marchionne wants, but at least one industry observer is cautious about the […] [Read More]