CarMax will have a new president and CEO next month. The used-car retailer announced Thursday that former InterContinental Hotels Group CEO Keith Barr has been appointed to the role, which he will begin on March 16. Barr will also join CarMax’s board. David McCreight, who is current interim president and CEO, will move back to […] [Read More]

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 […] [Read More]

A longtime Mitsubishi dealership is walking away from the brand. Porcaro Automotive in Wisconsin’s Racine-Kenosha area announced it is no longer representing Mitsubishi, ending a relationship with the automaker that dates to 1999. General manager Dan Hoppenjan said the decision was “driven by circumstances beyond the dealership’s control” and reflects Mitsubishi’s “well-documented struggles” in the […] [Read More]

TraXtion’s new leader has recorded his first win. In its first announcement since Brad Kokesh was promoted to president and CEO two weeks earlier, the company said it has been selected as a Core Preferred Partner by Lithia and Driveway, which operates more than 450 locations in the U.S., Canada and the U.K. As part […] [Read More]

The PART Act is back, and now it’s moving forward. The Preventing Auto Recycling Theft Act, a bill to combat catalytic converter theft that has been discussed and debated in Congress for more than three years, is advancing out of the House Commerce, Manufacturing and Trade Subcommittee, which voted Tuesday to send the bill on […] [Read More]

Here’s some good news: Used-vehicle gross profit for AutoNation was up 5% for the year of 2025, and that reflected increases in used retail and used wholesale, said AutoNation chief financial officer Tom Szlosek. Retail profitability per unit for the year was in line with 2024, but the not-so-good news is that it was modestly […] [Read More]

Cherokee Media Group has announced the addition of the Florida Independent Automobile Dealers Association as a partner in its inaugural Used Car Industry Summit, set for April 13-15 in Miami. As part of this partnership, FIADA member dealers will be able to attend UCS for free. “Dealers are the backbone of the used-car ecosystem, especially […] [Read More]

Northwood University and the National Automobile Dealers Association announced a new education partnership aimed at expanding access to undergraduate and graduate degree programs for franchised car and truck dealers, their employees and their families. The partnership provides tuition discounts and scholarships designed to support leadership development in the auto retail industry, the organizations said. “This […] [Read More]