Certified pre-owned sales climbed 7 percent last month and three brands reported best-ever sales, according to Autodata Corp. The firm, which released industry-wide CPO numbers Friday morning, said in its report there were 237,445 certified sales in May, beating the 221,936 sales a year ago by 7 percent. Through five months of the year, there […] [Read More]

AutoNation has a new chief operating officer. The retailer said Wednesday afternoon it has promoted Western region president Lance Iserman to the position. Effective Thursday, Iserman — who has been with AutoNation for more than 15 years — will be the company’s executive vice president of sales and COO. He replaces Bill Berman as COO; […] [Read More]

More off-lease vehicles in the market, many of which don’t match consumer demand. More manufacturer recalls that stymie independent dealers’ ability to move vehicles quickly. More concern over interest rates and tightening credit. It’s more than enough to make the retail road ahead anything but smooth for independent dealers, say dealers themselves and industry experts […] [Read More]

Used-vehicle sales across the industry may move down sequentially this month, but the seasonally adjusted annualized rate should maintain, according to a forecast released Thursday by Edmunds.  The company is calling for 3.3 million used-car sales this month, following April sales of 3.4 million used units and 10.2 million in the first quarter. Meanwhile, ALG is […] [Read More]

AutoNation has teamed up with Andretti Autosport's 2014 Indy 500 champion Ryan Hunter-Reay and Indy 500 rookie Jack Harvey for TV advertising campaigns that celebrate the company selling 11 million vehicles and raise cancer awareness. This month, Hunter-Reay kicked off AutoNation's, "Race to 11 Million" major TV campaign along with the "#DRINKTHEMILK" challenge, which reinforces AutoNation's commitment […] [Read More]

The NADA Show 2018, formerly the NADA Convention and Expo, will host a series of workshops for new-car dealers and their top managers next year and is inviting interested industry experts to submit workshop proposals. The deadline for submitting a proposal for the 2018 show is 11:59 p.m. (ET) on June 26. Proposals must focus […] [Read More]

In celebration of reaching a record-breaking 11 million vehicles sold, AutoNation announced that it will donate four Chrysler ProMaster passenger vans to community partners who work to fight cancer. “AutoNation is the first and only retailer in the history of the automotive industry to reach this milestone,” the retailer said. On Friday, AutoNation announced it […] [Read More]

The latest development in the Takata airbag story arrived on Thursday and included four automakers, nearly 16 million vehicles and more than $500 million in settlements. According to a news release, plaintiffs in the Takata Airbag Product Liability Litigation filed class action settlement agreements resolving claims against Toyota, Subaru, Mazda and BMW that will accelerate […] [Read More]

In a news release earlier this week, The Presidio Group discussed a few details surrounding the sale of four Serra Automotive, Inc. dealerships to former AutoNation executive Mike Maroone, a deal in which it advised Serra Automotive. As part of the transaction, which was completed Monday, Serra Automotive will keep a minority interest in these […] [Read More]

Search Optics has introduced the Virtual Business Development Center (VBDC), a turnkey solution for comprehensive automotive dealer lead management that is designed to improve response times, increase lead conversion rates and reduce the cost of sale for dealers, the company announced on Tuesday. “As a digital marketing company with many years of specialization in the automotive market, […] [Read More]