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Penske addresses 2025 obstacles, 2026 optimism
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 […]
Uber for Business, Mazda partner to help dealers deliver stronger customer service
Mazda dealers have a new way to offer their customers a pick-me-up. On Thursday, Uber for Business announced a partnership with Mazda North American Operation that allows the automaker’s dealers to provide courtesy rides through Uber’s platform. The program is being rolled out to Mazda dealers in the U.S., who can now utilize Uber’s network […]
Used-car sales boost Lithia’s Q4 results as new-vehicle sales sag
Strong used-vehicle sales saved Lithia & Driveway’s otherwise somewhat disappointing fourth quarter results. And while used profits per unit were stagnant, Lithia sees considerable room to improve in that area. Older cars are the key. “I think there’s a stage and an evolution that occurs in selling used cars, that I think we’ve got the […]