Used-vehicle sales for 2020 were expected to finish 6% softer than the final 2019 tally, but it appears the year at least closed on a positive note for pre-owned. In a forecast released Dec. 28, TrueCar was projecting 3.1 million used-vehicle sales for December, which would beat November sales by 7% and prior-year figures by […] [Read More]

Roger Dean Chevrolet, located in West Palm Beach, Fla., is now Mike Maroone Chevrolet,  as Maroone USA takes on full ownership of the dealership. Maroone USA, which operates six dealerships in Florida and Colorado, said it partnered in 2017 with Patty Dean, daughter of namesake Roger Dean, to jointly own and manage the West Palm […] [Read More]

Noting that the acquisition makes it one of the fastest-growing U.S. dealer groups, the Feldman Automotive Group has acquired Al Deeby Chrysler Dodge Jeep Ram in Clarkston, Mich. With the purchase, the Feldman portfolio gains a second FCA dealership, and the group’s footprint expands to 14 Michigan and Ohio dealerships. The 23,000-square-foot dealership is located […] [Read More]

Sonic Automotive has opened its newest EchoPark specialty pre-owned vehicle store in Plano, Texas, marking Sonic’s 14th EchoPark location nationwide. Sonic says the opening continues its expansion of the specialty pre-owned vehicle brand, EchoPark Automotive. With EchoPark Plano now becoming the second Dallas/Fort Worth area store and the sixth in Texas, Sonic says car buyers […] [Read More]

Here’s potentially a positive record on pace to be set during this tumultuous year. Kerrigan Advisors reported on Monday that the dealership buy/sell market continued to soar during the third quarter, putting it on track to surpass record transaction numbers established in 2015. And with a flurry of mega dealer transactions and high dealership earnings, […] [Read More]

Online retailer Carvana on Friday launched its as-soon-as-next-day vehicle delivery in Pine Bluff Ark., marking its third Arkansas launch in a single week. The company launched in Hot Springs on Thursday and in Little Rock on Wednesday. “As we expand throughout the state, we’re confident Pine Bluff area residents will appreciate the ease, convenience and transparency […] [Read More]

Noting that it made the investment to expand its service to West Coast customers, auto retailer HGreg.com closed on its acquisition of Metro INFINITI Monrovia and opened a West Coast regional fulfillment hub. Those are both located in the Greater Los Angeles area. HGreg said that through the acquisitions, it can offer an expanded fleet of […] [Read More]

Consignment-to-retail used vehicle marketplace CarLotz has appointed Michael Chapman as chief marketing officer, noting that he brings more than 20 years of experience as a marketer and strategic planner. Chapman’s appointment comes after CarLotz’s October announcement it would become a public company via a merger with special purpose acquisition company Acamar Partners Acquisition Corp. The […] [Read More]

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]