Penske Automotive Group delivered a strong fourth quarter and “another outstanding year of profitability,” said the company’s CEO Roger Penske during the company’s earnings call on Feb. 13. Penske’s used-vehicle business played a role in that. However, that role was a mixed one. Gross profit per used vehicle retailed increased $349 quarter over quarter. But used units retailed ... [Read More]

RB Global — the company which includes IAA, Ritchie Bros. Auctioneers, DDI Technology, Xcira and other entities — released fourth quarter and full-year 2024 results as its headliner event, the Orlando mega-auction, was underway. The results impressed analysts. “Q4 financial results from RB Global were ... [Read More]

Next up on our series of Auto Remarketing Podcast episodes from Used Car Week in Scottsdale, Ariz. is a conversation about “Navigating the Future: Managing Risks in the Era of Connected Cars.” Led by moderator Courtney Dusseau, the auto and ... [Read More]

With dealership profitability down over the past two years, EFG Companies wants to give auto dealers a way to boost their personal wealth creation strategies. To that end, the F&I and reinsurance provider has introduced its Wealth Builder Profit Participation ... [Read More]

CarGurus' fourth-quarter and full-year 2024 results were a tale of two segments. The online platform’s retail segment saw strong gains but its CarOffer subsidiary, a digital wholesale platform, continued to struggle. It did, however ... [Read More]