Dealership buyers who are seeking economies of scale and scope for their businesses and dealership sellers bent on getting as much as they can for their stores while the getting is good, are strengthening an already active buy/sell market. Erin Kerrigan, managing director of Kerrigan Advisors, a dealership buy/sell advisory firm in Irvine Calif., said […] [Read More]

As the industry counts how many used vehicles were retailed during March, the dealer survey orchestrated by KeyBanc Capital Markets in February gauged how stores continue to have some struggles despite rising turns in their used departments. Survey orchestrators reported that gross-profit trends continued to reflect competitive pressure in new and used segments, which should […] [Read More]

SiriusXM and Enterprise Car Sales announced Monday the Enterprise Rent-A-Car brand is the latest to join the SiriusXM Pre-Owned Program made up of nearly 30,000 dealers. Enterprise Car Sales pre-owned customers who purchase vehicles factory-equipped with SiriusXM can now receive three-month subscriptions to the SiriusXM All Access audio package that includes any available SiriusXM Infotainment services. […] [Read More]

Three leading automotive analysis outlets are projecting a typical bump in new-vehicle sales usually seen in March. But at least one expert is seeing the potential softening new-model retail sales being a propellant for used-vehicle turns, which already are expected to improve in March. Edmunds estimated 3.7 million used vehicles will be sold in March; a […] [Read More]

After announcing earlier this week it entered the Denver market, ecommerce platform for buying used cars Carvana revealed Thursday it has also launched its newest car vending machine in Tampa, Fla. The automated, coin-operated marching is eight stories high and holds up to 32 vehicles. This is the company’s second car vending machine in Florida, […] [Read More]

With conference season in full swing, the National Independent Automobile Dealers Association continued preparations for its big event this summer by aligning with a trio of service providers aimed at helping operators who do not have a direct connection to an automaker. DriveItAway, the first company dedicated to equipping dealers with the tools to participate […] [Read More]

One of Honda’s leading certified pre-owned dealers —  New York’s Paragon Honda — is making moves it says are to keep up with evolving customer expectations. In partnership with its marketing agency Team Velocity, the dealership worked with Google to develop a service and maintenance app that aims to remove friction from the service bays. […] [Read More]

General Motors president Dan Ammann acknowledged the situation involving overall off-lease volume in the wholesale market and how the automaker and its captive — General Motors Financial — set residual values created some notable stress. “We were just saying last night that when we were together a year ago, we were quite concerned, but we […] [Read More]

Online car buying platform Carvana announced Tuesday the launch of its new Denver market as the company continues its westward expansion. Denver customers can now shop the more than 10,000 company-owned vehicles on Carvana.com. The site also offers services online to finance and purchase your vehicles, as well as schedule as-soon-as-next-day vehicle delivery. They can […] [Read More]

Both the National Automobile Dealers Association (NADA) and the American International Automobile Dealers Association (AIADA) welcomed their respective new chairman for 2018 this past weekend.   The new NADA chairman and president of Extreme Dodge-Chrysler-Jeep-Ram in Jackson, Mich., Wes Lutz, outlined his goals and focus areas for the coming year at NADA 2018; while AIADA named its […] [Read More]