Here’s an alert for auction managers and dealership personnel to look for a pair of recalled, older-model compact pickups that might be in the next sale or currently in inventory. There are 21 locations in particular where the U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) is deeply concerned that certain higher-risk 2006 […] [Read More]

AutoNation chief executive officer Mike Jackson recently joined other company executives to expound on the significance of reaching its fifth standalone used-car store and service center this year. Along with discussing the March opening of the retailer's respective fourth and fifth AutoNation USA stores in Las Vegas and Katy, Texas, during the company's latest quarterly call, Jackson shared rewarding sales results […] [Read More]

Costco members who are interested in a Volvo purchase or lease can get attractive benefits on select 2018 models through July 2. The Costco Auto Program announced the launch of its Volvo Special Offer, a nationwide promotion for Costco members Friday. Benefits of the promotion include Volvo Employee Pricing, additional incentives and a $250 Costco Cash […] [Read More]

Along with Doggett Auto Group’s acquisition of Houston's large Lone Star Ford automotive dealership, the industry has also seen a sizable en bloc purchase of 10 Canadian stores north of the border this week. Leslie Doggett Industries' affiliate the Doggett Auto Group has acquired Houston's Lone Star Ford store from Sonic Automotive. The heavy equipment dealership group […] [Read More]

Executives with Group 1 Automotive have touted new efforts to capitalize on the higher mileage spectrum of the used-car market through the company's latest pre-owned car project: Val-U-Line, a proprietary brand for high-mileage pre-owned vehicles. It was in the first quarter that the company launched Val-U-Line, with the goal of growing it to represent 10 percent of the […] [Read More]

A pair of top Sonic Automotive executives reiterated the potential of its chain of dedicated pre-owned stores — EchoPark — not just because of the project’s capability of retailing used vehicles for a strong margin and building long-standing customer bonds. Furthermore, the top Sonic brass is pushing resources into EchoPark because requirements from automakers about […] [Read More]

Roger Penske was answering a question specific to the retailer’s operations in the U.K., but the sentiment, perhaps, is universal when it comes to the standalone used-car stores at Penske Automotive Group. Responding to that inquiry during the Q&A portion of the company’s quarterly conference call, Penske said that used-car standalone stores “really give us […] [Read More]

Lithia Motors leadership discussed people in significant detail during its first-quarter conference call with the investment community. Lithia is keeping close tabs both on individuals who employed by the dealer group as well as its customer base that is exhibiting changing behavior. Lithia president and chief executive officer Bryan DeBoer intrigued Wall Street watchers during […] [Read More]

Asbury Automotive Group will spend the rest of the year focusing on parts of its business it can control and expects to invest in excess of $10 million on its omni-channel strategy, company executives said. “Our plan for the remainder of 2018 is to focus on the aspects of the business that we can control, […] [Read More]

Sonic Automotive sure enjoyed a record-setting first quarter as the dealer group reported six different new milestones as a part of its latest financial statement released earlier this week. Sonic said it posted new highs within six different metrics, including a trio related to its used-vehicle and F&I departments. Starting from the top, the dealer […] [Read More]