CarGurus credits new dealer product offerings with Q3 growth
CarGurus booth at NADA Show 2023. Photo by Joe Overby.
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COMMENTARY: Automotive retailers need a better strategy to manage inventory risk before year end
A steady sales quarter can conceal pressure on dealership profitability when inventory expands faster than buyers are purchasing vehicles. In the third quarter of 2026, new-vehicle sales were flat compared with the prior quarter, while new inventory grew 9%. Used-vehicle sales rose 5%, but used inventory increased at the same rate. Demand has not disappeared, […]
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Turn Automotive teams with DealNow to help dealers buy cars from private sellers
Turn Automotive, a driveway appraisal and guaranteed offer platform, said Monday it has partnered with DealNow, whose technology dealers can use to buy vehicles from private sellers. The partnership is designed to give dealers, “one complete process for buying from the street.” Dealers can use Turn to inspect and appraise a vehicle without the seller […]
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Franchise Dealer Group of the Year winner demonstrates people-centric values
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 […]
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