GM more upbeat about used market than a year ago

Nick Zulovich, Staff Writer

General Motors president Dan Ammann acknowledged the situation involving overall off-lease volume in the wholesale market and how the automaker and its captive — General Motors Financial — set residual values created some notable stress. “We were just saying last night that when we were together a year... Read More

Auto Remarketing Staff

Online car buying platform Carvana announced Tuesday the launch of its new Denver market as the company continues its westward expansion. Denver customers can now shop the more than 10,000 company-owned vehicles on Carvana.com. The site also offers services online to finance and purchase your vehicles, as well as... Read More

Auto Remarketing Staff

Both the National Automobile Dealers Association (NADA) and the American International Automobile Dealers Association (AIADA) welcomed their respective new chairman for 2018 this past weekend.   The new NADA chairman and president of Extreme Dodge-Chrysler-Jeep-Ram in Jackson, Mich., Wes Lutz, outlined his goals... Read More

Auto Remarketing Staff

For the second time in the past five years, a dealer from the Tar Heel State has claimed one of the highest honors for a franchised operator. Jack Salzman, owner of Lake Norman Chrysler Dodge Jeep Ram in Cornelius, N.C., was named the 2018 TIME Dealer of the Year over the weekend during the 101st annual National... Read More

Auto Remarketing Staff

From Washington, D.C., to Walla Walla, Wash., Mark Scarpelli simply wants a retail environment where regulations do not inhibit dealerships from delivering vehicles their customers can afford and enjoy. In his final remarks as 2017 chairman of the National Automobile Dealers Association, Scarpelli saluted franchised... Read More

Auto Remarketing Staff

Sonic Automotive has EchoPark and Penske Automotive Group has CarSense; specific store branding initiatives to turn used vehicles. Now another of the large publicly traded groups is venturing down this road, too, as Group 1 Automotive recently explained the principles of its latest used-car project — Val-U-Line... Read More

Auto Remarketing Staff

J.D. Power's new president and chief executive officer Dave Habiger was named Wednesday. The news comes after preceding president and CEO Finbarr O’Neill in October informed the J.D. Power board of directors of his intention to retire from his post. “J.D. Power is fortunate to have a... Read More

Auto Remarketing Staff

FCA US announced Tuesday that it has awarded 468 Chrysler, Jeep, Dodge, Ram and FIAT dealerships with Customer First Award for Excellence designations this year. The winning group of dealerships achieved the highest level of customer experience recognition in the program's five core areas: people, facility,... Read More