There is likely to be 36.1 million used-vehicle sales this year, according to the latest forecast from Cox Automotive. But that projection, and the company’s forecast for new-car sales, could hinge on whether another federal stimulus package arrives. To better illustrate that dynamic during Wednesday’s quarterly Manheim Used Vehicle Value index call, Cox Automotive's Jonathan […] [Read More]

TrueCar has launched a new brand marketing campaign that it says will help build brand awareness and brand affinity for its TrueCar Military program. NASCAR driver and Naval officer Jesse Iwuji, will be TrueCar Military’s first brand ambassador for the new campaign, titled “Drive On.” Iwuji is the only NASCAR driver currently racing at the national levels […] [Read More]

Lithia Motors continued its busy second half of expansion Tuesday, announcing it has acquired Latham Ford in the Albany, N.Y., area. This move marks the 12th store to be added to Lithia’s network in the last two months, along with several others announced earlier in the summer.   Lithia announced the purchase of Jim Cogill […] [Read More]

Marco Andretti says race car drivers often face challenges. But that is nothing compared to the challenges of those fighting cancer. “We support all the cancer survivors and those who are fighting right now,” said Andretti, a two-time NTT INDYCAR SERIES race winner, in a news release. AutoNation said Andretti and two other NTT INDYCAR SERIES drivers […] [Read More]

Atlanta Beats Covid, or ABC, includes volunteer makers, engineers, fabricators, seamsters, and other “Southeast industry experts.” That group works to provide healthcare providers and other Atlanta community members with the necessary personal protective equipment, or PPE, that they need to stay safe while fighting COVID-19. From Aug. 31 to Sept. 7, Jim Ellis Automotive Group […] [Read More]

More news continues to arrive on the M&A side of retail automotive, including some recent moves in two of the nation’s largest metropolitan areas.   Starting in the Midwest, Minneapolis-area retailer Walser Automotive Group announced Friday it has expanded its presence to the Chicagoland area with the purchase of Countryside, Ill., dealership Continental Nissan. The […] [Read More]

Former TrueCar vice president of product Michael Rose has joined used-vehicle platform SureSale as vice president of product development, starting with the company as it focuses on expanding the platform to help dealerships validate more of their used-vehicle inventory. SureSale describes Rose as a “veteran automotive product innovator,” and the company’s co-founder and president Jeffrey […] [Read More]

The addition of BMW of Wesley Chapel marks the continued expansion of Morgan Auto Group into Florida’s Pasco County. Morgan Auto Group says it is one of the largest privately held U.S. automotive dealer groups, and the company said BMW of Wesley Chapel — located at 26645 State Road 56 — is its fourth Wesley […] [Read More]

During the first half of 2020, Costco Auto Program hosted five limited-time specials, which is an initiative to provide extra savings opportunities on vehicles. That is more than double compared to the previous year, and it resulted in nearly 45,000 additional vehicle sales. On Thursday, Costco Auto Program announced a multi-brand event. That event features […] [Read More]

In 2017, Carvana debuted its “New Way To Buy A Car” in Detroit. At that time, “We were proud to become a part of a community known for its automotive innovation,” Carvana founder and chief executive officer Ernie Garcia said in a news release. On Thursday, Carvana launched its newest car vending machine in Detroit. […] [Read More]