For the first time since 2022, Auto Remarketing and Cherokee Media Group are giving their Ron Smith Lifetime Achievement Award; an honor reserved especially for executives who have made one of the most significant impacts on the used-car industry. During Used Car Week, which starts on Monday in San Diego, the Lifetime Achievement Award will […] [Read More]

Carsonexports Worldwide Auto Sales has persevered through the evolution of the auto industry since Jack Way started the company in 1987. Way died in 2012, and the company has since continued working to overcome recent challenges such as U.S. tariffs on Canadian goods, said Way’s son, Carsonexports president/owner Carson Way. “We’ve been able to supplement […] [Read More]

Tom Kilgarriff describes McGovern Automotive Group president Matt McGovern as “a big proponent of used cars.” “All the stores are expected to sell used cars, and year to date we’re just about one to one used to new,” said Kilgarriff, who is group pre-owned manager for McGovern Automotive Group, who is Auto Remarketing’s 2026 Franchise […] [Read More]

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 […] [Read More]

From valuation and confidential marketing to OEM approval and closing, successful dealership transactions demand preparation, disciplined execution, and an understanding of the industry’s unique complexities. I am regularly asked what it takes to buy or sell an automotive dealership. The answer is more involved than most people expect. Having been responsible for more than $1 […] [Read More]

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 […] [Read More]

Sonic Automotive reported a record quarterly total revenue of $4 billion at the end of October. Contributing to that total was the dealer group’s pre-owned arm, EchoPark, which grew retail unit sales 22% year-over-year to 19,923 units sold in the third quarter. The EchoPark segment brought in $596 million in revenue, up 14% year-over-year, driven […] [Read More]

South Jersey-based Bridgeton Auto Mall announced this week it has launched on Amazon Autos. The franchise dealership group said consumers can now shop from the group’s inventory — which includes Chevrolet, GMC, Cadillac, Chrysler, Dodge, Jeep, Ram and used vehicles — on Amazon. “This is the future of car buying, and we’re proud to bring […] [Read More]

Ken Garff Automotive Group has acquired two of the nation’s top Toyota dealerships, expanding its portfolio for that brand to seven stores. The group said Monday it has purchased Avondale Toyota in Arizona and One Toyota of Oakland in California. Avondale Toyota is Auto Remarketing’s 2026 CPO Dealer of the Year and will be part […] [Read More]

Digital used-vehicle retailer Carvana reported robust growth in the third quarter and sees production constraints as its main hurdle to growing even faster. “There is clearly additional demand available to us if we can produce the cars,” CEO Ernie Garcia said on the earnings call. Sales of 217,385 units – Carvana’s first quarter over 200,000 […] [Read More]