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Part II: How used-car operations at public retailers fared in Q1
The six publicly traded car dealer groups have released their first-quarter operating results in recent days, and with that, Auto Remarketing is recapping how the used-car department fared at each retailer. We continue with the second of three parts of the analysis, recapping the results at Lithia & Driveway and Penske Automotive Group. The opening installment included […]
Garcia applauds ADESA Clear performance, reveals further physical infrastructure plans
While much of Carvana’s recent quarterly update focused on its record-setting retail performance, founder and CEO Ernie Garcia also highlighted the positive steps of the company’s wholesale business. Especially ADESA Clear, the digital wholesale auction product of Carvana’s auto auction subsidiary. The platform rolled out in late 2023 and grew regionally in 2024 and the […]
Part I: How used-car operations at public retailers fared in Q1
The six publicly traded car dealer groups have released their first-quarter operating results in recent days, and with that, Auto Remarketing is recapping how the used-car department fared at each retailer. We’re breaking this recap up into three parts, starting with AutoNation, Asbury Automotive Group and Group 1 Automotive. AutoNation boosts sales of late-model units […]