Tuesday, February 25, 2020 - 3:10pm

Arlena Sawyers, Correspondent

  The economy is strong, the automotive industry is doing well and the market for buying and selling dealerships this year promises to be brisk.  So predict dealership brokerage firm managers who helped facilitate over 200 dealership sales transactions last year.  While noting that the market ultimately... Read More

Monday, February 24, 2020 - 3:31pm

Auto Remarketing Staff

Basketball star and “Inside the NBA” TV host Shaquille O'Neal surprised recipients from the Business Women Empowerment Project, or BWEP, with a recent donation of a 2020 Kia Sorento. BWEP, a non-profit organization focused on providing women with access to resources to explore and expand their... Read More

Monday, February 24, 2020 - 1:54pm

Auto Remarketing Staff

Tim Jackson says the mission of the Colorado Automotive Hall of Fame is to honor innovation, influence and contributions that Colorado dealers have made to the automotive industry and communities throughout Colorado. “Through the Colorado Automotive Hall of Fame, we honor the industry — past and present... Read More

Monday, February 24, 2020 - 1:47pm

Auto Remarketing Staff

In this episode of the Auto Remarketing Podcast, senior editor Joe Overby talks with Seneca Giese, co-founder of Current Automotive, an online retailer of used electric vehicles. They talk about his remarketing and CPO background with Tesla, what sparked the idea for Current Automotive, the company's rapid growth... Read More

Friday, February 21, 2020 - 10:36am

Nick Zulovich, Staff Writer

Lithia Motors generated double-digit gains in same-store used-vehicle retail sales during both the fourth quarter and all of 2019 at 17% and 14%, respectively. Dealer group management is eyeing even more growth this year and not just through what top Lithia executives called the “easy entrance point” of the... Read More

Thursday, February 20, 2020 - 12:07pm

Daryl Lubinsky, Correspondent

During Penske Automotive Group’s fourth quarter earnings call that took place on Feb. 5, chairman Roger Penske wanted to comment early on about the company’s 2019 achievements. He noted that the company retailed more than 500,000 new and used units and increased its used-to-new ratio from 1.20 to... Read More

Thursday, February 20, 2020 - 10:27am

Auto Remarketing Staff

There is a new chairman at the American International Automobile Dealers Association. At AIADA’s 50th Annual Meeting and Luncheon on Monday in Las Vegas during NADA Show 2020, Washington state dealer Jason Courter officially stepped into this role for the association. Courter is the chief executive of Honda... Read More

Wednesday, February 19, 2020 - 1:38pm

Auto Remarketing Staff

With Lithia Motors president and chief executive officer Bryan DeBoer saying his company is excited to enter the Sacramento market “and further expand our network with a dominant luxury vehicle presence,” Lithia Motors announced it has acquired two Lexus stores in Sacramento and Roseville, Calif. Lithia... Read More