In Catalyst IQ’s State of the Industry report for the second quarter, a subsection titled “Actionable Guidance for Automotive Retail” lists the following used-car implications for automakers. “A healthy used market supports long-term brand value by strengthening residual values and lease economics. Monitoring and supporting used supply will remain essential when planning production levels, incentive […] [Read More]

ZT Automotive has added ultra-luxury to its collection. The Badar Family Office, which owns the dealer group, said Tuesday it has acquired McLaren Charlotte and Rolls-Royce Cars Charlotte in North Carolina. These stores will become part of the new ZT Automotive Collection and operated by ZT Automotive. Both entities are owned by the Badar Family […] [Read More]

Penske Automotive Group confirmed in a statement on its website Wednesday that its board of directors has “received an unsolicited, preliminary and non-binding proposal” from Penske Corp. and Mitsui & Co., Ltd. to acquire the remaining shares of PAG’s common stock that PC and Mitsui and their affiliates don’t currently own. Penske Corp. and Mitsui […] [Read More]

There’s an offer on the table to take one of the country’s six publicly traded dealer groups private. Mitsui & Co., Ltd. and its wholly owned subsidiary Mitsui & Co. (USA) and Penske Corporation — which own a combined 72.3% of Penske Automotive Group — submitted a non-binding proposal on Wednesday to acquire the free-float […] [Read More]

Auto Remarketing is recognizing the 2026 Women in Retail honorees in the July edition of the magazine and at Used Car Week in November. The full set of Q&As with each of these outstanding leaders in this program, presented by CarGurus, is now available. Each of the 25 Q&As can be found below: Q&As with 2026 Women […] [Read More]

Here’s a reminder to establish specific protocols for conducting test drives at your dealership. Or perhaps to revisit and sharpen the strategy already in place. Earlier this month, the U.S. Department of Justice said the fifth member and leader of an organized auto theft ring that stole more than 100 high-end vehicles worth millions of […] [Read More]

Along with welcoming the organization’s new senior vice president and chief information and technology officer, the National Insurance Crime Bureau (NICB) is using National Vehicle Theft Prevention Month to maintain positive momentum in curbing vehicle thefts, which have fallen to their lowest level nationally in several decades. National Vehicle Theft Prevention Month, launched by the […] [Read More]