Among the financial details reported for second quarter 2019 by Group 1 and Asbury were perspectives on emerging vehicle technologies and their benefits to these companies’ service operations. Group 1 said repair costs are not likely to “materially change” soon, but the nature of the (vehicle) components needing attention will shift. “As vehicle complexity continues […] [Read More]

Used-car performance for the second quarter of 2019 over the same period last year was up slightly for public dealership groups Penske Automotive, Asbury Automotive and Group 1 Automotive, according to each group’s second-quarter financial filings, press releases and Q2 presentations to investors. • Penske reported that same-store used vehicle retail revenue (U.S. operations) was […] [Read More]

After announcing in April that it would bring Kelley Blue Book to Canada, Cox Automotive Canada on Aug. 14 announced the arrival of MarketLens and Pricing Service Industry Solutions of Kelley Blue Book for its clients and dealers. Kelley Blue Book notes that it has been a voice for vehicle valuations and automotive research in […] [Read More]

In a few special editions of the show, we’re sharing some of the panel discussions and keynote presentations from the recent Automotive Intelligence Summit in Raleigh, N.C. Next up is our finance company panel on how fintech can solve potential problems, featuring Sharon Mancero with Wells Fargo Preferred Capital, Dinesh Chopra of Ally Financial and […] [Read More]

JMN Logistics’ nearly $3 million investment into 16 new automotive transport trucks marks the company’s largest single capital investment into its fleet. JMN said it made the investment, announced on Tuesday, to meet increased demand for its core transport business.  Deliveries of the new assets for the automotive transport company have begun, with plans for delivery […] [Read More]

J.D. Power says that when a vehicle retains a strong resale value, it also typically has higher residual values, and the company said in a news release that those vehicles “offer unmistakable benefits to automakers and consumers alike.” In the 2019 J.D. Power Resale Value Awards, which were presented to automakers on Wednesday, the GMC Sierra […] [Read More]

Alex Fraser of the Cox Automotive Mobility Group & Pivet joins us at the Automotive Intelligence Summit in Raleigh, N.C., where he led a presentation on "Mobility Services Driving the Fleets of the Future." The full discussion can be found below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  You can also listen to […] [Read More]

During the company’s quarterly earnings call this month, executives with KAR Auction Services didn’t rule out physical auction expansion in the future. But during a follow-up phone interview, chief financial officer Eric Loughmiller did explain that competing for market share in a given metro area no longer absolutely requires the ADESA business unit physically moving […] [Read More]

Independently owned marketing communications agency The Brandware Group has appointed former Cox Automotive public relations executive Lou Laste as agency chief executive officer. Laste, whose appointment is effective Sept. 9, will lead all agency strategy and operations at The Brandware Group, which is headquartered in Atlanta and provides public relations, social media, digital marketing, and content […] [Read More]

The Q2 Lease Trends Report from Swapalease.com showed that the appeal of crossovers might be at a tipping point. A year ago, Swapalease.com indicated roughly 7.4% of drivers polled said they would shop for a crossover if they needed to go out and lease a vehicle that day. A year later, the site discovered that […] [Read More]