Penske Automotive Group’s presence in the U.K. widened considerably Monday with an agreement to acquire Rybrook Group Limited. The acquisition includes Rybrook’s 15 premium-brand dealerships in the U.K.: four BMW dealerships, four MINI dealerships, four Volvo dealerships, two Land Rover dealerships and one Porsche dealership. Three of the BMW locations also retail BMW Motorrad motorcycles. […] [Read More]

Carvana hosted institutional investors and analysts for a tour of its Inspection and Reconditioning Center (IRC) in Haines City, Fla. And according to Carvana’s recap of the festivities, the investment community liked what it saw. The online used-vehicle retailer said the event on Nov. 30 provided a real-time look at the company’s operational efficiency gains, […] [Read More]

Whether she’s dishing out deadpan as quippy salesperson turned regional manager Karen Filippelli or balancing out her high-energy BFF Leslie Knope as cool, calm Ann Perkins, Rashida Jones can deliver a performance with confidence. Her new role? Helping inspire that same confidence for Mitsubishi customers. The actress, director, producer and writer best known for her […] [Read More]

CARFAX cautioned consumers and the automotive industry about the double-digit in rise odometer rollbacks nationwide since 2021. The vehicle history provider reported this week that roughly 2.1 million vehicles currently in operation have had their odometer rolled back. That’s up 14% or an additional 300,000 vehicles in the past two years. CARFAX calculated consumers lose […] [Read More]

Mercedes-Benz USA and Atlanta Falcons defensive tackle Grady Jarrett shared some love — and shoes — this week. The automaker and its brand ambassador handed out brand new shoes to students at Atlanta’s Michael R. Hollis Innovation Academy as part of MBUSA’s Holiday Love Celebration giveback. The company teamed up with Shoes That Fit, a […] [Read More]

The National Automobile Dealers Association commended legislators who signed a letter urging House Speaker Mike Johnson (R-La.) and Senate Minority Leader Mitch McConnell (R-Ky.) to enact a provision in an appropriations bill that would prevent taxpayer funding from being used to finalize, implement, administer or enforce proposed emissions standards that would effectively require 67.5% of all new […] [Read More]

Cory Collins, the F&I trainer for Automotive Reinsurance Concepts, is back on the Auto Remarketing Podcast in an episode recorded during the Used Car Week conferences last month in Scottsdale, Ariz. Collins, a noted F&I guru who works with some of the nation’s largest independent dealers, talks with Auto Remarketing associate editor Andrew Friedlander about […] [Read More]

It’s December, and Step One Automotive Group is definitely in the holiday spirit. The Florida-based dealership group has begun its 25 Days of Giving at its 20 locations in Florida, Georgia and Alabama, with each store spreading holiday cheer in various ways to those in need. The initiative began Dec. 1 and runs through Dec. […] [Read More]

Jeremy Beck has seen the used-car industry from all angles — as a dealer, as a vendor and now from the association point of view as the National Independent Automobile Dealers Association’s vice president of dealer development. On this episode of the Auto Remarketing Podcast, recorded during Used Car Week 2023, Beck talks with Cherokee […] [Read More]

We begin our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from Used Car Week 2023. The episode features some of this year’s Women in Retail honorees for a conversation led by Lindsey Pilarczyk of CarGurus. Listen to the episode in the window below. [Read More]