Certified pre-owned sales took major tumbles on both year-over-year and month-over-month bases in November, but that shouldn’t cause alarm about the overall strength in CPO, according to Cox Automotive. The 21% decline from November 2019 admittedly could be seen as “a big shock to the market,” but that slowdown was largely driven by last month […] [Read More]

Since 2015, Wells Fargo has sponsored the donation of more than 40 payment-free vehicles, valued at more than $1 million, to combat-wounded U.S. veterans, Gold Star families and nonprofit organizations. “Empowering military and veteran communities to succeed financially is ingrained in Wells Fargo’s values,” Laura Schupbach, head of Wells Fargo Auto, said in a news release. […] [Read More]

AutoNation Toyota Tempe general manager Neil Underwood says AutoNation is proud to support the work of Phoenix Children’s Hospital. “We were honored to be the Pace Car Sponsor of the Virtual 5K and help the hospital raise more than $162,000,” said Underwood said in a news release. On Monday, AutoNation provided additional support for the […] [Read More]

American Honda is adding non-CPO used vehicles to its HondaCertified.com platform, a move the company says can help it capture more of the used Honda market and more efficiently and effectively introduce younger buyers to the brand. When consumers arrive at HondaCertified.com, they will now be able to search Honda dealers’ inventories for used Hondas […] [Read More]

A joint study between Facebook and PureCars shows the impact social marketing tools have on dealers that rely more heavily on digital retailing while cutting advertising expenses. Understanding how today’s digital advertising resources measure and attribute offline sales back to Facebook/Instagram was one purpose of the study, which took place during the first quarter. The […] [Read More]

As part of Used Car Week's Pre-Owned Con next week, Cherokee Media Group will recognize honorees in the annual Used Car Awards, a program presented by KAR Global.  That includes our annual Independent Dealer of the Year, which this year goes to Kevin Condon, who is general manager of Auction Direct USA in Raleigh, N.C. Below is […] [Read More]

Asbury Automotive Group launched an end-to-end digital car-buying platform Wednesday that it says will allow consumers to purchase a vehicle online in 15 minutes. And it has some potential to help Asbury expand in the pre-owned market, as well. Clicklane, which Asbury said is an “evolution” of its PushStart tool, is a communications technology ecosystem […] [Read More]

Pete Petersen says advertising space is a bit more crowded during the holiday season. “But with the pandemic and recent elections, dealers are finding it even more difficult to get themselves in front of their markets right now,” said Petersen, chief executive officer of Dealers United, in a news release. With that in mind, Facebook […] [Read More]

As part of Used Car Week's Pre-Owned Con next week, Cherokee Media Group will recognize honorees in the annual Used Car Awards, a program presented by KAR Global.  That includes our annual Franchise Dealer of the Year, which this year goes to Rick Ricart, president of Ricart Automotive Group. Below is a Q&A with Ricart, which is […] [Read More]

It's another acquisition for Lithia Motors & Driveway, this time in Iowa.  The public retailer said Tuesday it has purchased Ramsey Subaru and Mazda, which it said are the highest-volume dealers for those respective brands in the state. Lithia anticipates the purchase will add $100 million to its annual revenues. Lithia's network expansion so far […] [Read More]