Cherokee Media Group recognized its 2021 Used Car Awards winners, a program sponsored by KAR Global, at Used Car Week in November. The  conference was held Nov. 15-18 at Red Rock in Las Vegas. Spotlighted during the Used Car Awards Luncheon, also sponsored by KAR, were Andy Mohr Ford, the 2021 Franchise Dealer of the Year, […] [Read More]

Sonic Automotive continues to expand its standalone used-car store program, announcing Tuesday that it has opened an EchoPark delivery center in Augusta, Ga. This is Sonic’s third EchoPark facility in the state and 32nd overall. “With the opening of our newest EchoPark delivery center, we continue to grow our network in the state of Georgia, […] [Read More]

November has been another active month at Carvana, which like many used-vehicle retailers is dealing with the headwinds of high wholesale prices and limited supply. Still, Carvana not only expanded its Midwest footprint in November, the retailer also added the 29th and 30th vehicle vending machines to its marketing portfolio. Carvana now offers as-soon-as-next-day vehicle […] [Read More]

Like many dealer groups, the leadership at Carter Myers Automotive, CarMax and Victory Automotive Group barely had time to enjoy some Thanksgiving turkey, as they were involved either in store acquisitions or major philanthropy efforts. Beginning first with the Carter Myers Automotive (CMA), the 97-year-old Virginia-based family and employee-owned dealer group announced through a news […] [Read More]

This holiday season, Jim Ellis Automotive Group is running its fifth annual Holiday Giving Campaign, an endeavor that this year will benefit Atlanta Children’s Shelter, a nonprofit organization that provides homeless children with free day care, emotional support and an education program, along with focused social services for their families.   In a program running […] [Read More]

In more ways than one, this is sounding like a broken record after what was already a strong earnings report week for the publicly traded auto dealer groups. Lithia, AutoNation, Asbury and Penske reported record third quarter 2021 earnings during their calls in late October. On Oct. 28, Sonic Automotive and Group 1 Automotive announced […] [Read More]

Despite vehicle price increases and tight inventory supplies caused by the global microchip shortage and the lingering pandemic, used-car retailers CarLotz Inc., Vroom Inc., and Shift Technologies, posted revenue gains and unit sales increases in the third quarter. And all suffered net losses in the three-month period that ended Sept 30. CarLotz’s tactical changes CarLotz’s […] [Read More]

CarMax, the nation’s largest used-vehicle retailer and Carvana, a used-vehicle retailer known for its giant car-vending machines, each generated strong unit sales and revenues and significantly increased the number of vehicles they bought from consumers. But each wrestled with managing increased demand from consumers, in their most recent respective quarters … [Read More]

Perhaps there are some strategy recommendations to help dealerships sell used vehicles that can be plucked from the J.D. Power 2021 Sales Satisfaction Index (SSI) Study, which focuses on retailing new models. Three of the four key findings might be especially relevant to used departments since they are associated with subjects such as trade-in values, […] [Read More]

Sonic Automotive said Tuesday it has acquired Cook Volkswagen in Fallston, Md. The dealership, will has been renamed Volkswagen of Fallston, is the 89th franchised location for Sonic. The store, which is 30 miles from Baltimore, is also Sonic’s fourth VW location. “We are excited to expand our automotive sales and service network with Volkswagen […] [Read More]