In March, Auto Remarketing releases its annual “Best CPO Dealers” issue, presented by Cars Commerce, which provides a brand-by-brand ranking of the top dealers for certified pre-owned vehicle sales at 14 automakers. For the remainder of February, we will be previewing this issue by sharing the individual automakers’ respective top 10 lists. All rankings are […] [Read More]

SIXT USA has continued to grow its footprint. But this time, it is related to general operations of the rental car company. On Tuesday, SIXT announced it’s planning to open a new office in Tulsa, Okla. As part of SIXT’s global strategy to enhance capabilities in key markets around the world, the company highlighted the […] [Read More]

If you’re looking for automotive gossip, the wholesale market likely isn’t the place for it at this juncture. Overall prices softened by 0.33% last week, according to the newest Market Insights from Black Book. That value movement is within 4 basis points of a week earlier and the average spotted during the same week in […] [Read More]

Hyundai Auto Canada and its dealers have launched a major initiative to help kids with cancer. The automaker said it is in the final stages of registering Hyundai Hope on Wheels in Canada as a federal nonprofit entity. The organization is dedicated to supporting pediatric cancer patients and survivors through research funding and raising awareness […] [Read More]

Asbury Automotive Group has signed a deal to buy The Herb Chambers Companies for an estimated aggregate purchase price of $1.34 billion, the retailer announced Tuesday morning. The purchase of the private dealership group includes 33 dealerships, 52 franchises and three collision centers in Massachusetts and Rhode Island. It is said to be “one of […] [Read More]

Cox Automotive reported the arrival of the January reading, coupled with a slight downward revision of December’s mark, left the Dealertrack Credit Availability Index flat on a sequential comparison. However, Jonathan Gregory, a senior manager on Cox Automotive’s economic and industry insights team, pointed out the January reading of 95.4 represented a 2.9% lift year-over-year, […] [Read More]

There’s “snow” rest for the weary in the car business. Shortly after NADA Show 2025, Kirsten Von Busch, director of product marketing at Experian Automotive, joined the Auto Remarketing Podcast to recall her 15-hour roadtrip from Chicago to New Orleans and her “most memorable experience” at the convention last month after a blizzard blanketed the […] [Read More]

The supply of late-model used vehicles, which remains tight, appears to be the biggest thorn in the certified pre-owned vehicle market’s side. However, CPO demand — and opportunity — are plentiful. Getting ahold of those cars is the issue. [Read More]

Georgica Auto Holdings has acquired Kolb Subaru in Orangeburg, N.Y., just north of New York City, from Group 1 Automotive, according to Franchise Equity Partners, an investor in the company. Georgica Auto Holdings, led by CEO Jon Sobel, has been expanding steadily through acquisitions and now operates 27 dealerships in New York, New Jersey and […] [Read More]

AutoNation’s recent earnings call included good news ... and some challenges. AutoNation’s used unit sales were flat year over year, and sequentially down 2% from the third quarter, while supply availability for used vehicles has continued to be a challenge. But looking to the near future, AutoNation expects the normal seasonal swing to used vehicles for the spring selling season to occur, AutoNation chief financial officer Tom Szlosek said during the company’s fourth quarter and full-year 2024 earnings call on Feb. 11. And the company expects that used-vehicle unit sales ... [Read More]