On Wednesday, Edmunds announced it honored 817 dealerships throughout the country for delivering rewarding car shopping experiences with its Five Star Dealer Award. The award  recognizes car dealers who have received the highest overall rating for customer satisfaction in Edmunds' dealer sales ratings. "Today's car shoppers are incredibly savvy, and we know that more than […] [Read More]

Sonic Automotive retailed a best-ever 119,174 used vehicles last year, including record fourth-quarter used-car unit sales of 29,621, the retailer said in results released Tuesday. And prospects for its EchoPark used-car standalone stores are pretty rosy, too. Some of the original Colorado stores were cash-flow positive in Q4, with the initial Thornton, Colo., store profitable […] [Read More]

Dominion Dealer Solutions announced that it has improved its new-car incentives application and newly partnered with AIS Rebates, a part of Cox Automotive, to deliver incentive data instantly to dealers nationwide. “Managing the application of pertinent incentives to new car inventory has been a longstanding pain-point for dealers across the country,” Dominion general manager of […] [Read More]

Veteran automotive and technology executive Doug Betts has been named senior vice president of global automotive operations at J.D. Power, the latter announced Tuesday. Most recently, Betts had a role at Apple, where helped lead the introduction of Apple's latest product innovations. At J.D. Power, Betts has been tasked with leading the strategy and operations […] [Read More]

Of the 2,600 Chrysler, Jeep, Dodge, Ram and FIAT dealerships in the U.S., Fiat Chrysler Automobiles announced that 387 earned certification as 2017 Customer First Award for Excellence winners for providing exceptional sales and service experience. FCA said it created the award with its dealer partners and J.D. Power to improve sales and service experience, […] [Read More]

Penske Automotive Group has sealed the deal on its CarShop acquisition. The dealer group said in a news release Thursday it has completed its purchase of the U.K. used-car retailer. Penske expects CarShop to pull in about $340 million in annual revenue, and estimates accretion at $0.07 to $0.09 per share annually. Penske announced in […] [Read More]

Lithia Motors produced an 11-percent gain in same-store used-vehicle retail sales during both the fourth quarter and for the full year, according to the dealer group’s recently released financial statement. The company said it turned 28,715 used vehicles during Q4 and 113,498 used units during the calendar year, which represented year-over-year gains of 19.6 percent […] [Read More]

To conclude coverage from the Best CPO Dealers in the USA issue of Auto Remarketing, we share some certified pre-owned strategy from the top-selling Toyota CPO dealer as well as insight from a Volvo store that made the cut. Starting with Toyota, Auto Remarketing asked how dealers can increase CPO awareness among consumers, and which […] [Read More]

On Thursday, CarMax celebrated the grand opening of the company’s largest multi-purpose location on the West Coast to drive both its wholesale and retail businesses. Located in in Murrieta, Calif., the company said CarMax Murrieta will serve as a reconditioning hub that will feed inventory to several of its stores in southern California. The location […] [Read More]

A record 22.8 percent of franchised dealers’ used-car sales last year were certified pre-owned vehicles, according to an Edmunds report, and there were also a record 2.6 million CPO cars sold last year. But where do certified sales go from here?  That’s not quite certain at this point, although signs would suggest there's potential for […] [Read More]