Group 1 Automotive announced this week it has expanded its business presence in El Paso, Texas with the acquisition of new Audi and Subaru stores. And in other news to stem from top dealer groups, Penske Automotive Group’s board of directors has also reported it approved an increase in the cash dividend to $0.34 per share […] [Read More]

CarLotz has expanded beyond the borders of Virginia and North Carolina with the opening its first location in Florida on Monday. The Tampa store is the sixth location for the Richmond, Va.-based used-vehicle consignment business, which launched in 2011 and expanded from the Virginia capital city to Chesapeake, Va; Midlothian, Va.; Greensboro, N.C.; and Charlotte, N.C.. […] [Read More]

Undoubtedly, Julio Jones likely would rather be preparing to play in the Super Bowl for the second consecutive year as a member of the Atlanta Falcons. But since his team lost in the NFL playoffs to the Philadelphia Eagles, which did advance to Super Bowl LII this coming Sunday in Minneapolis, Jones will instead be […] [Read More]

Sheehy Auto Stores announced Friday that its dealerships in the Washington, D.C. area, Baltimore and Richmond, Va., raised $150,000 for 22 local charities as part of Sheehy's annual giving program. The company said that each of its dealerships partnered with local non-profit organizations to give both time and money. In addition to the total $75,000 Washington, D.C. area charities […] [Read More]

Cox Automotive economists are expecting approximately 2.7 million certified pre-owned vehicle sales in 2018, and if that comes to fruition, it will be the eighth straight year of record CPO sales. But the acceleration in certified sales is not what it has been in prior years amid what is a slowdown in growth on the non-luxury side of […] [Read More]

Edmunds expects approximately 3.1 million used-car sales this month, which would be up from the 2.7 million used-car sales in December. The seasonally adjusted annualized rate is expected to come in at 38.9 million, up from 38.7 million last month. That would be a strong start to what Cox Automotive chief economist Jonathan Smoke and […] [Read More]

Perhaps dealers in New Jersey can add one more item to their checklist when they’re finalizing the delivery process. Just before leaving office, Gov. Chris Christie signed legislation establishing an emergency contact registry for vehicles that requires the New Jersey Motor Vehicle Commission (MVC) to allow vehicle owners to submit their vehicle identification number (VIN) to […] [Read More]

Larry H. Miller Dealerships announced the opening of its Mercedes-Benz of Draper dealership on Thursday. The dealership was formerly named Mercedes-Benz of Lindon and recently relocated to a newly built 45,069-square-foot building on 5.5 acres of land in Draper, Utah. Mercedes-Benz of Draper includes a 1,100-square-foot AMG Performance Center, with specially-trained AMG sales and service personnel, according […] [Read More]

As shoppers settle into a new year that is sure to come with special incentives on CPOs, Autotrader has come out with its latest list of the top incentive deals available on certified pre-owned vehicle purchases throughout the month of January. Autotrader’s list includes Buick's CPO program, which offers CPO shoppers 1.9 percent interest for […] [Read More]

The ramp-up of standalone used-car stores from the likes of Sonic Automotive, AutoNation and Penske Automotive Group is certainly one of the key pre-owned strategy moves leading the retail auto market right now. But it’s not just the big kids on the block. Todd Caputo and his Sun Auto Group — a small collection of […] [Read More]