Kia Motors America's certified pre-owned vehicle sales program achieved a record-high first quarter, having sold a total of 19,453 units. Along with several other automakers, last year was also a best-ever CPO year for Kia, selling a total of 76,224 units in 2016. "Kia's sales boost is reflective of the confidence that comes with buying a vehicle that has passed […] [Read More]

While also addressing current industry developments such as Carvana’s financial moves and new-vehicle inventory levels, AutoNation chairman and chief executive officer Mike Jackson touched on what used models are “worth a premium in the marketplace.” And what Jackson described within that “premium” category likely aren’t necessarily the models that currently might be in your certified […] [Read More]

Following an apparently strong first quarter in the used-vehicle retail market, Edmunds is forecasting that there will be 3.6 million pre-owned car sales this month. That’s up from 3.4 million in March. The used-car SAAR for both months is 38.4 million, Edmunds said. According to analysis from Cox Automotive that cited NADA, used-car sales climbed […] [Read More]

Penske Automotive Group posted a used-vehicle performance lift during the first quarter thanks in part to the addition of U.S.-based CarSense and U.K.-based CarShop, both of which are stand-alone specialty retailers of used vehicles. During Q1, Penske reported these used-vehicle dealerships retailed 8,200 units, generating $143.1 million in revenue and $24.6 million in gross profit. […] [Read More]

AutoNation chairman and chief executive officer Mike Jackson is confident two of the most important used-vehicle performance metrics — volumes and gross profit per unit — will both improve during the second quarter. According to AutoNation’s first-quarter figures shared on Tuesday, the dealer group reported gains in retail volume but softening in gross. As a […] [Read More]

New York attorney general Eric Schneiderman reached settlements with 104 franchised and independent dealerships, according to an announcement released on Friday. Empire State officials said vehicles were sold to New Yorkers without disclosing that the units were under recall for “dangerous unrepaired safety issues” such as unintended acceleration, airbag problems, vehicle fires, steering and brake […] [Read More]

After articulating various points about what he’s so upbeat about the dealer group’s used-vehicle department current and future performance, Lithia Motor president and chief executive officer Bryan DeBoer staunchly defended how the company is fending off what the investment community is seeing as would-be challengers that operate solely online. During Lithia's latest conference call, when […] [Read More]

Fueled in part by its used-vehicle department performance, Lithia Motors reported the highest first quarter revenue and earnings per share in company history. To get to those achievements, Lithia said on Wednesday that its used-vehicle retail same store sales increased 6 percent as the dealer group turned a total of 30,783 units during Q1, representing […] [Read More]

On Wednesday, Carvana announced its expansion into St. Louis, the company’s first market in the state of Missouri. The online platform for buying used-cars now has a total of 24 markets overall and currently offers free delivery services to more than 3 million residents who live within the St. Louis local delivery area. “We’re so pleased […] [Read More]

Autotrader’s list of the top certified pre-owned deals available this April names luxury brands only; the car shopping site’s picks for the month suggests that it is an ideal time for those interested in a CPO luxury vehicle to shop. "Saving money is key for car shoppers and buying a CPO vehicle ensures you're not burdening yourself with […] [Read More]