Monday, January 7, 2019 - 5:43pm

Jim Leman, Correspondent

The year 2018 ends more enthusiastically than predicted a year ago, with year-end SAAR echoing the 17 million units in 2017 — but industry economists say rising interest rates, increasingly higher new- and used-car transaction prices, tightening credit, and consumer loan defaults and delinquencies portend a rockier... Read More

Friday, January 4, 2019 - 4:22pm

Arlena Sawyers , Correspondent

With apologies to Shakespeare, the road to retail automotive — like the road to true love — has never run smoothly, nor is it expected to anytime soon. That’s why key players in the auto industry are lining up to help straighten curves and fill in  potholes, so dealers can operate more efficiently... Read More

Friday, January 4, 2019 - 11:07am

Auto Remarketing Staff

A New York City-based online dealership now can help its customers with dings, dents and other unsightly ramifications from crashes and mishaps. Signature Auto Group this week announced it will now be administering full services through its body shop partner, Auto Group Collision. Through the new arrangement, Auto... Read More

Thursday, January 3, 2019 - 11:19am

Auto Remarketing Staff

CarMax’s used-vehicle unit sales in its fiscal third quarter were down 1.2 percent against comparable stores in the year-ago period. But pre-tax earnings and earnings per share for the retailer were up, something president chief executive Bill Nash called a “testament to the strength of our diversified... Read More

Wednesday, January 2, 2019 - 4:00pm

Auto Remarketing Staff

Before the holidays arrived and political strife caused another federal government shutdown, Kerrigan Advisors released its third quarter report that highlighted dealership buy/sell transactions increased 20 percent year-over-year. The Blue Sky Report generated by the firm also pointed out that 2018 will be the fifth... Read More

Wednesday, December 12, 2018 - 1:53pm

Auto Remarketing Staff

Along with analyzing how dealership values are changing, one transaction involving the Ken Garff Automotive Group highlighted the Q3 edition of The Haig Report released this week by Haig Partners. The report indicated the number of private dealerships that sold in the U.S. increased 26 percent year-over-year, rising... Read More

Wednesday, December 12, 2018 - 1:28pm

Auto Remarketing Staff

Hearst Autos has a new chief executive officer. Named to the post was Matt Sanchez, who comes over from Say Media, a company he co-founded and served as CEO. Hearst Autos includes such properties as Jumpstart Automotive Media, Car and Driver, Road & Track and the Blend Line. Hearst Magazines president Troy... Read More

Tuesday, December 11, 2018 - 1:41pm

Auto Remarketing Staff

The AutoSource group of branded title vehicle dealerships announced its new chief executive officer late last week. The company’s board of directors named former Santander Consumer, QCSA Direct and ADESA Impact executive Bradley Walsh to the CEO post, a move that was effective Oct. 15. “It has been a... Read More