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]

Kevin Roberts, who is director of economic and market intelligence at CarGurus, is back on the Auto Remarketing Podcast to talk about the hot start to 2026 for the retail used-car market. Roberts and Cherokee Media Group senior editor Joe Overby discuss why last month was the strongest January for used-car demand in five years, […] [Read More]

Expanding its client portfolio among some of the largest institutions in the space, Credit Union Leasing of America (CULA) recently announced a partnership with Pennsylvania State Employees Credit Union (PSECU), one of the largest credit unions in Pennsylvania, to offer vehicle leasing to PSECU’s more than 545,000 members. Through CULA, PSECU members in Pennsylvania will […] [Read More]

Blockchain for Good Alliance (BGA), a global non-profit initiative founded by Bybit dedicated to leveraging blockchain for societal impact, announced the release of its inaugural flagship impact report. Titled, The State of Blockchain for Good: A View from the Alliance, the resource is designed to offer one of the most comprehensive and grounded assessments to […] [Read More]

Integrated Financial Technologies (IFT) recently hired a seasoned industry executive who has served in multiple roles at banks and other service firms. The provider of outsourced portfolio management and business processing services named Eddy Barwick as senior vice president to lead the company’s efforts to diversify its offerings and strengthen its market position. Barwick will […] [Read More]

The Federal Trade Commission said last week that it sent letters to 13 data brokers warning them of their responsibility to comply with the Protecting Americans’ Data from Foreign Adversaries Act of 2024 (PADFAA). Officials recapped that the PADFAA prohibits data brokers from selling, releasing, disclosing, or providing access to personally identifiable sensitive data about […] [Read More]

Saying the subprime sector “had a mixed year,” S&P Global Ratings reported that U.S. auto loan ABS issuance volume reached a record high for the second consecutive year. According to the firm’s newest report released last week and shared with Cherokee Media Group, auto ABS volume climbed to $127 billion in 2025. “However, the general […] [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]