Mike Stanton, a longtime executive with what is now known as J.D. Power Valuation Services, is back with the National Automobile Dealers Association. NADA said Wednesday that Stanton has been named its senior vice president and chief operating officer. “I am excited to be back at NADA and have the opportunity to enhance existing relationships […] [Read More]

Though it doesn’t seem that long ago, I wrote a blog post in May for our Used Car Week website that explained the new-and-improved agenda format for the weeklong conference series. Included in that new Used Car Week format was the CPO Forum transitioning into the Pre-Owned Con. Essentially, we adapted the certified pre-owned conference into […] [Read More]

Certified pre-owned vehicles sales reached a seventh straight record year by the slimmest of margins. According to Autodata Corp., there was an estimated 2,645,718 CPO vehicles sold in 2017, compared to 2,642,986 sold in 2016. That’s a gain of just 0.1 percent, but it was enough to bump certified sales to their best year on […] [Read More]

Penske Automotive Group said Wednesday it has closed its purchase of U.K.-based used-car retailer The Car People. The acquisition was first announced Dec. 12. “I am delighted to welcome The Car People team to Penske Automotive Group,” Company chairman Roger Penske said in a news release.“The acquisition of The Car People accelerates the company's expansion of […] [Read More]

Carvana recently announced that it has launched its latest market in Corpus Christi, Texas, growing its Lone Star State footprint to five markets. Corpus Christi area residents can now receive as-soon-as-next-day vehicle delivery when they finance, purchase or trade in a vehicle on Carvana.com. “Corpus Christi is our fifth market in Texas, our 44th market overall and […] [Read More]

Larry H. Miller Dealerships recently acquired a Nissan store in Centennial, Colo., growing its footprint in the Denver Metro area to 12 stores. The store has been renamed Larry H. Miller Nissan Arapahoe and is located at 10030 East Arapahoe Road. “Nissan has been a standout brand for us, and this location on Arapahoe Road is […] [Read More]

More than two-and-a-half years after the suit was filed, TrueCar and the California New Car Dealers Association have settled the litigation between the two parties. In a statement released Thursday afternoon, TrueCar said as part of the resolution, its billing model in California will transition to a flat-fee subscription model — as opposed to the […] [Read More]

With many shoppers out and about making their last purchases of the year, Autotrader has come out with its latest list of the top incentive deals available on certified pre-owned vehicle purchases this holiday shopping season. The list includes Volkswagen's CPO program, which has added an additional two years or 24,000 miles of warranty coverage to the […] [Read More]

Penske Automotive Group is buying another used-car retailer in the U.K., a move the group’s chairman says “almost doubles” its standalone pre-owned store business in the country.   The dealer group said Tuesday it has signed a deal to purchase The Car People, a used-car retailer with four large-scale locations that sell a combined total […] [Read More]

Costco Auto Program announced Tuesday that now halfway through its Holiday Sales Event with General Motors, the program has already had 55 percent more Costco members register to take advantage of its exclusive offerings compared to last year. The Holiday Sales Event, which launched on Oct. 3, runs through Jan. 2. “We’re happy to see that the […] [Read More]