Penske Automotive Group announced Thursday that it has raised over $1 million through its "Service Matters" campaign for the  Paralyzed Veterans of America. The annual campaign has now raised more than $3 million for the veterans service organization since 2015, the company said. This year, Penske has matched each donation — up to a total contribution […] [Read More]

After just narrowly notching another record year, sales of certified pre-owned vehicles climbed more than 5 percent in January. The CPO market began 2018 with 203,024 sales last month, according to Autodata Corp. This was a 5.3-percent hike over January 2017 — although it was also an 8.2-percent decrease from December. The Big 3 was the highlight of the […] [Read More]

Carvana announced Wednesday that it has added two more North Carolina markets, since launching in both Charlotte and Raleigh last year. Greensboro and Winston-Salem-area residents can now shop Carvana’s more than 9,000 vehicles and schedule as-soon-as-next-day vehicle delivery, according to the company. “We received a warm welcome in Charlotte and Raleigh, so we were eager to […] [Read More]

With so much of its business activity connected to technology nowadays, AutoNation made a move to ensure its customers can easily connect with its dealerships, and employees can complete work via the solutions they need. Flexential, a hybrid IT infrastructure provider, announced the recent deployment of a high-density Disaster Recovery environment for AutoNation. The dealer […] [Read More]

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]