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]

It was a record half and a record quarter for Kia certified pre-owned Moving just under 40,000 units, Kia Motors America said the first half of the year represented its best six months ever for CPO sales. More specifically, Kia sold 39,799 certified vehicles in the first six months of 2017, beating year-ago figures by […] [Read More]

Sheehy Auto Stores recently announced that it raised a record donation of $285,000 to give the American Heart Association this summer. The company made the donation as part of its annual Sheehy 8000 campaign, a community-wide effort from May 12 to July 5, where Sheehy dealerships sold a combined total of over 8,000 new and used vehicles […] [Read More]

Kelly Blue Book’s Price Advisor is the focus of its recently launched “We Wrote the Book” national marketing campaign. Price Advisor provides car buyers guidance on how much they should pay for their next vehicle. “Kelley Blue Book Price Advisor helps car shoppers buy with confidence, and with our continued expansion of other tools to […] [Read More]

In partnership with the National Association of Minority Automotive Dealers, Cox Automotive awarded its Rising Star Award to a Kentucky general manager, in honor of her leadership and commitment to both the automotive industry and her community. Chosen for the award is Wadette Bradford of Martin Kia, in recognition of her work expanding the brand […] [Read More]

Another large dealership group in Pittsburgh is going through a change in ownership. A little more than a month after Lithia Motors expanded its operations by securing Baierl Auto Group, GPB Capital announced on Monday that the New York-based asset management firm has acquired a majority stake in Kenny Ross Automotive Group, which operates 10 […] [Read More]

Based on preliminary results released Wednesday, Lithia Motors is expecting its same-store used-car unit sales to have increased 4.6 percent in the second quarter. Meanwhile, Lithia is anticipating a 3.8-percent to 4.1-percent increase in used-vehicle retail same-store sales. All this part of a quarter where early indications have Lithia’s net income finishing between $51.5 million […] [Read More]