Group 1 Automotive established a new record gross profit per unit through its F&I department during the second quarter. But softened used- and new-vehicle sales in areas where the bulk of its dealerships are located — Texas and Oklahoma — left a significant impact on the dealer group’s top-line performance. According to its latest financial […] [Read More]

While it appears new-car sales are continuing to lose steam, Edmunds is projecting that used-vehicle sales in July should climb when compared to the previous month. Edmunds is estimating that 3.4 million used vehicles will be sold this month, which would compute into an estimated seasonally adjusted annual rate (SAAR) of 39.2 million. For June, […] [Read More]

CertifiedCars.com has relaunched with a new website, the online certified pre-owned vehicle marketplace said in a news release. The company said the new site is more intuitive and has easier navigation, plus new tools to browse and research CPO vehicles. It also has a side-by-side comparison of automaker CPO programs, including information on inspection processes, […] [Read More]

The second-quarter dealer survey orchestrated by KeyBanc Capital Markets confirmed how used-vehicle and F&I performances are helping to pick up the slack dealerships might be experiencing within the new-car operations. The report shared this week with Auto Remarketing indicated trends in F&I gross profit per unit maintained a favorable trend with 86 percent of respondents […] [Read More]

General Motors’ Customer Care and Aftersales division recently announced at NACE automechanika Chicago that the company will offer a comprehensive collision certification program, which will start early next year. The new program will be more comprehensive than the current GM training and tools-focused programs, the company said. It will include added standards for both pre- and post-repair […] [Read More]

A previous recipient of the CPO Dealer of the Year Award, southern California’s Galpin Motors recently announced its chairman and chief executive officer, Bert Boeckmann, was presented with Ford’s first Dealer Hall of Fame award in recognition of his lifetime of achievement, outstanding performance and inspirational leadership. Additionally, Galpin Ford received more than 12 additional awards […] [Read More]

Asbury Automotive Group will be exiting its Q auto used-car standalone store business, chief operating officer David Hult said on a quarterly conference call Tuesday morning. A company spokesperson said via email that the closing process began at its two remaining Q auto stores — which are located in Brandon, Fla., and Tampa — on […] [Read More]

PartCycle Technologies recently introduced an upgraded online used-car-parts platform (PartCycle.com) designed to give dealers an efficient way to get the parts they need for their service/parts customers. The company offers an online recycled auto parts marketplace.  In a news release, the company gives the example of University Toyota in Tuscumbia, Ala.,  which since integrating PartCycle into […] [Read More]

As part of the Aug. 1 print edition of Auto Remarketing, our Power 300 issue, we conducted a few Q&As with leaders from some of the top companies in the used-car space.  Below is a Q&A with Ron Cooney, who is the Toyota Certified Used Vehicles sales operations manager at Toyota Motors North America. Auto Remarketing: When […] [Read More]

Hireology is looking to help dealerships slow the costly churn of employees being added and subtracted from their workforce. Officials from the hiring and talent management platform are working in partnership with Cox Automotive and the National Automobile Dealers Association to host a retail automotive human capital management summit called Elevate. Intended for general managers, […] [Read More]