The service and parts piece of the franchised auto-dealer business, along with other high-margin segments like used cars and F&I, is driving profitability for these stores. And that is helping push optimism among both dealers and investors in the future value of franchised dealerships. That’s according to Kerrigan Advisors, a sell-side adviser to dealers that […] [Read More]

That certified pre-owned shopper on a dealership lot may be willing to shift over to the new-car department. The number of people shopping for CPO vehicles is 25% higher than it was three years ago, and many of them haven’t ruled out buying new, according to a Shopper Trends Snapshot from Cox Automotive. But whether or […] [Read More]

Bill Nash says that with its new personalized car buying experience, CarMax is providing a service that is flexible, convenient, and tailored to each customer. Before Monday, CarMax offered the service in Alabama, Florida, Georgia, Iowa, Louisiana, Nebraska, New York, North Carolina and Oklahoma, in addition to select cities in Mississippi and Virginia. “This is […] [Read More]

 Ohio dealer Rhett Ricart will be the 2020 chairman of the National Automobile Dealers Association and Minnesota dealer Paul Walser will be vice chairman. They were elected to these posts Tuesday at the NADA board meeting in San Diego. Their terms start at NADA Show 2020 in February. Gilchrist Automotive president Charlie Gilchrist is the […] [Read More]

What constitutes the U.S. government’s highest safety rating for vehicles is about to be refreshed. On Wednesday, the Department of Transportation’s National Highway Traffic Safety Administration announced its plan to propose significant updates and upgrades to the New Car Assessment Program (NCPA) in 2020. “NCAP is celebrating its 40-year anniversary, and we’re proud that it […] [Read More]

Asbury Automotive Group’s purchase of Mike Shaw Subaru in Thornton, Colo. marks two firsts for the company. It is Asbury’s first dealership in Colorado, and it is the company’s first Subaru brand store. The purchase closed on Sept. 30. Asbury notes that Mike Shaw Subaru, currently with 120 employees, has been in the Denver market […] [Read More]

AutoNation says a report issued by a consumer group about recalled used cars at the nation’s largest vehicle retailer is “inaccurate” and does not provide the full set of facts as to how such vehicles are handled at its stores. The United States Public Interest Research Group, a consumer group also known as U.S. PIRG, […] [Read More]

Brian Danahy started working with Ed Morse Automotive Group at the age of 14, starting out in the parts department.  Over the next 30-plus years, he worked in almost every area of the dealerships, including paint, service, collision, sales, and management. In 2011, he became general manager of Ed Morse Cadillac Tampa, and since then, […] [Read More]

Sean Goodman has provided notice of his intention to resign from his position of senior vice president and chief financial officer of Asbury Automotive Group. Asbury announced the news on Friday, stating that the resignation would take place effective Nov. 15. Goodman has accepted the position of chief financial officer for another publicly traded company outside […] [Read More]

In 2017, Used Car Week transitioned its CPO Forum conference into the Pre-Owned Con. Essentially, we adapted a conference originally focused on certified pre-owned into a more comprehensive look at the entire retail used-car market. For the past two years, the Pre-Owned Con has focused on analytics, data and big-picture vision, strategies and technologies that […] [Read More]