With sales of electric vehicles rising in its automotive program, Costco is adding a place to educate customers about them. Costco Auto Program announced it has launched its EV Marketplace to help answer Costco members’ questions about electric and hybrid vehicles and notify them about program incentives related to EVs. In a news release, Costco […] [Read More]

In March, Auto Remarketing releases its annual “Best CPO Dealers” issue, presented by Cars Commerce, which provides a brand-by-brand ranking of the top dealers for certified pre-owned vehicle sales at 14 automakers. For the remainder of February, we will be previewing this issue by sharing the individual automakers’ respective top 10 lists. All rankings are provided by […] [Read More]

In March, Auto Remarketing releases its annual “Best CPO Dealers” issue, presented by Cars Commerce, which provides a brand-by-brand ranking of the top dealers for certified pre-owned vehicle sales at 14 automakers. For the remainder of February, we will be previewing this issue by sharing the individual automakers’ respective top 10 lists. All rankings are provided by […] [Read More]

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]

A retiring dealer has sold his dealership to a former employee. Tony T Automotive Group, led by president Tony Thomas has acquired Gulfgate Chrysler Dodge Jeep RAM in Houston from James Davis, according to Haig Partners, which represented the seller in the transaction. Thomas served in several management positions, including general manager, at Gulfgate CDJR […] [Read More]

In March, Auto Remarketing releases its annual “Best CPO Dealers” issue, presented by Cars Commerce, which provides a brand-by-brand ranking of the top dealers for certified pre-owned vehicle sales at 14 automakers. For the remainder of February, we will be previewing this issue by sharing the individual automakers’ respective top 10 lists. All rankings are provided by […] [Read More]

In March, Auto Remarketing releases its annual “Best CPO Dealers” issue, presented by Cars Commerce, which provides a brand-by-brand ranking of the top dealers for certified pre-owned vehicle sales at 14 automakers. For the remainder of February, we will be previewing this issue by sharing the individual automakers’ respective top 10 lists. All rankings are provided by […] [Read More]

Carvana redeemed itself in 2024, emerging as one of the most profitable and fastest growing publicly listed auto retailers. In the company's latest earnings call, CEO Ernie Garcia said 2024 “will always be a defining year in the Carvana story.” For the full year, Carvana sold 416,348 retail units ... [Read More]

In March, Auto Remarketing releases its annual “Best CPO Dealers” issue, presented by Cars Commerce, which provides a brand-by-brand ranking of the top dealers for certified pre-owned vehicle sales at 14 automakers. For the remainder of February, we will be previewing this issue by sharing the individual automakers’ respective top 10 lists. All rankings are provided […] [Read More]

In March, Auto Remarketing releases its annual “Best CPO Dealers” issue, presented by Cars Commerce, which provides a brand-by-brand ranking of the top dealers for certified pre-owned vehicle sales at 14 automakers. For the remainder of February, we will be previewing this issue by sharing the individual automakers’ respective top 10 lists. All rankings are provided […] [Read More]