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]

Auto Remarketing is recognizing the 2026 Women in Retail honorees in the July edition of the magazine and will be posting Q&As with each of these outstanding leaders on the website. Next up is Gladys Marquis, owner/operator at Precision Autos Inc The Women in Retail program is presented by CarGurus. What prompted/inspired you to join the auto […] [Read More]

Auto Remarketing is recognizing the 2026 Women in Retail honorees in the July edition of the magazine and will be posting Q&As with each of these outstanding leaders on the website. Next up is Huyen Huynh, executive director of compliance and services, Costco Auto Program. The Women in Retail program is presented by CarGurus. What prompted/inspired you […] [Read More]

Auto Remarketing is recognizing the 2026 Women in Retail honorees in the July edition of the magazine and will be posting Q&As with each of these outstanding leaders on the website. Next up is Kathryn Moore, dealer principal at Speck Dealerships. The Women in Retail program is presented by CarGurus. What prompted/inspired you to join the auto […] [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]

LAPIS Automotive, which operates Porsche, Ferrari, Mercedes-Benz, Audi, Land Rover, and Honda dealerships in Arizona and California, has named a new chief operating officer. Hired for the COO role is Mark Venti, who spent 28 years with Hennessy Automobile Companies in Atlanta. “I have known Mark for 16 years and have always admired his work […] [Read More]