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Cars.com sets sights on independent dealers with new product launched during Q3 earnings call
During its third quarter earnings call, Cars.com launched Marketplace Starter, a no-fee self-service subscription plan aimed at independent dealers. The online marketplace sees attracting more independent dealers to list on its site as a key to long-term sustainability. “In keeping with our focus on development velocity, we launched our first self-service marketplace offering to better […]
REPORTER ANALYSIS: How Penske fared in Q3, its last before reaching deal to go private
Penske Automotive Group reported its third-quarter financial results late last month, with quarterly revenue up 5% year over year to $8.4 billion. However, those used to PAG’s detailed earnings call presentation after the initial press release found things a bit different this time around. Its second-quarter conference call with industry analysts earlier this year might […]
AutoNation capitalizes on digital infrastructure combined with ‘dense physical presence’
In its usual third-quarter earnings report at the end of last month, AutoNation shared quarterly used-vehicle sales results, showing a small decline in retail units but improved unit gross profit. The group sold 65,410 used-vehicle retail units in Q3 2026, down 5% from 68,960 units during the same period last year. Same-store used vehicle retail […]