Car dealers want their customers to have a warm feeling as they leave the dealership with their new vehicle. This winter, dealers in the New York City area are working to spread the warmth throughout their community. The Greater New York Automobile Dealers Association partnered with New York Cares to deliver thousands of winter coats […] [Read More]

During the week that concluded on Valentine’s Day, the auction scene was one that consignors and remarketers probably love to see. Black Book reported that wholesale prices edged up slightly and perhaps more importantly, last week’s auction conversion rate rose 2% from previous week to 63%, “reflecting steady buyer engagement and disciplined bidding across lanes.” […] [Read More]

HiveAuto has appointed Victor Young to its board of directors. The parent company of Slydyn, a consumer-centric technology designed to enable drivers to compare availability and book dealership service digitally, said Young will serve as a strategic advisor in that capacity, working with Slydyn’s leadership team on product evolution, dealer engagement and long-term growth strategy. […] [Read More]

If the December numbers for Costco Auto’s certified pre-owned and select pre-owned programs were very good, the January numbers were eye-popping. After demand for CPO and SPO vehicles held steady through much of 2025, Costco reported a strong 10% year-over-year jump in December. That jump transformed into a giant leap in January, when Costco member […] [Read More]

The son of Kunes Auto & RV Group’s owner is stepping away from the company. Scott Kunes is leaving his role as chief operating officer of the Wisconsin-based business “to pursue new entrepreneurial opportunities and personal aspirations,” the company said in a news release. The company said Kunes helped guide it through “a transformative period”, […] [Read More]

One of the keynote presentations from Used Car Week 2025 featured Micah Tindor and Elizabeth Stegall of Cox Automotive for a session titled, “Guiding the Modern Buyer with Trust, Tech & Smarter Trade-Ins.” Valuable study findings and dealership recommendations now are available through this episode of the Auto Remarketing Podcast. Listen to the presentation in […] [Read More]

Henry Ford said, “Thinking is the hardest work there is, which is probably the reason so few engage in it.” The modern automotive dealership moves at a relentless pace. Every day is a race against the clock with a frustrated service customer demanding help, a sales manager asking for support on the current complex deal, […] [Read More]

Penske Automotive persevered through a challenging fourth quarter of 2025, and the company’s used-vehicle business was no exception. “Used-vehicle sales continue to be constrained by fewer lease returns and affordability,” said Rich Shearing, North American operations officer for Penske Automotive Group. Shearing made that comment during Penske’s fourth quarter 2025 earnings call last week. He […] [Read More]

Asbury Automotive Group’s Park Place Dealerships has some groundbreaking news. The company announced it has broken ground on a new facility in Dallas that will include a Porsche dealership and a Volvo service facility. The 15-acre site, which Park Place purchased in December 2024, will be the new home of Park Place Porsche, which currently […] [Read More]

And Genesis said: Let there be more dealerships. Genesis, the luxury brand of Hyundai Motor Group, announced it has created nine new standalone retail facilities, which are now open from coast to coast. The new franchises, all owned by different entities, raise Genesis’ dealership network to 84 dedicated U.S. locations. The new stores are: Dealership […] [Read More]