It was a busy week for Sonic Automotive’s standalone used-car store program. On Thursday, the retailer announced an EchoPark Automotive retail sales center in Marietta, Ga., to serve the greater Atlanta market as well as an EchoPark delivery center in Salt Lake City. Then on Friday, Sonic added an EchoPark delivery center in Greensboro, N.C. […] [Read More]

Penske Automotive Group and Cox Automotive have built an automated technology platform that will facilitate online used-car sales at Penske’s U.S. CarShop used-vehicle SuperCenters and franchised stores.  Cox Automotive exclusively owns the automated online buying platform and its artificial intelligence retail technology tool, Esntial Commerce, powers the online buying. Among the features are personalized monthly […] [Read More]

Lithia & Driveway nearly doubled its used-vehicle revenue in the second quarter, part of an all-around strong first half for the dealer group’s pre-owned operations. Starting with those revenue figures, Lithia pulled in $1.80 billion in used retail revenue during Q2, a 95.7% year-over-year increase. In the first half of the year, Lithia’s used retail […] [Read More]

Larry H. Miller Dealerships said that its employees and 89 of its vendors and business partners raised a record $500,000 for charity through the recent Larry H. Miller Dealerships Golf Classic. The group presented a check for that amount to Larry H. Miller Charities, which is the philanthropic arm of its parent company. “The funds […] [Read More]

LMP Automotive Holdings announced Monday it has entered a definitive agreement to buy dealerships in Texas representing General Motors and Nissan brands, along with the associated real estate of those dealerships, for a grand total of about $141 million. The deal is expected to add approximately $250 million in annualized revenues and $27 million in […] [Read More]

AutoNation increased its used-vehicle sales by more than 32% in the first half of the year and pulled in nearly 22% higher gross profits on those cars, according to quarterly earnings from the dealer group released Monday. [Read More]

Though the buying “frenzy” slowed last month, certified pre-owned sales in the first half of 2021 beat year-ago figures by 18% and bested first half-half figures from 2019 — a record year — by 4.3%. That’s according to a Cox Automotive analysis of Motor Intelligence data included in a Data Point report this week. Specifically, […] [Read More]

Asbury Automotive Group has made another enhancement to its Clicklane online car-buying and -selling platform, this time on the parts-and-accessories side. Four days after announcing a partnership with insurtech company Salty to add an insurance tool to the digital platform, Asbury said Monday it has teamed up with the Insignia Group to bring vehicle customization […] [Read More]

The National Automobile Dealers Association said Monday it has been chosen as the exclusive provider of 20 Group services for the Minority Dealer Development 20 Groups at General Motors. The GM MDD program strives to attract and retain minority dealers to the automaker’s dealer network, while also supporting GM’s existing minority dealers. The MDD 20 […] [Read More]

Thanks to a partnership with insurtech company Salty, shoppers using Asbury Automotive Group’s Clicklane online car-buying can generate a bindable insurance quote and still remain on the platform. Salty’s Software-as-a-Service platform gives insurance carriers and distribution partners a way to provide customized policies on a product or service in real-time while the purchase is happening. […] [Read More]