This month, automakers' certified pre-owned programs carry a number of attractive and competitive deals, including some Autotrader says are traditionally offered solely to new car buyers. "If you're shopping on a budget, there are some great deals to be had among the many certified pre-owned offerings this month," Autotrader executive editor Brian Moody said in […] [Read More]

Online used-vehicle retailer Carvana highlighted that its first-quarter revenue soared to a new record, increasing by 118 percent year-over-year. Unfortunately, the record revenue figure of $159 million wasn’t enough to overcome the company’s expenses that resulted in Carvana sustaining a net loss of $38.4 million, representing an increase of 122 percent. Still, with improvements in […] [Read More]

Along with announcing the newest addition to its national member benefit program the National Independent Automobile Dealers Association highlighted that for the fifth consecutive year, ADESA, AFC and IAA — all part of KAR Auction Services — will auction off a premier vehicle during the NIADA Convention and Expo to benefit the NIADA Foundation. This […] [Read More]

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]