Wyoming might be small in terms of population, but Lithia Motors now has one of the largest franchised dealerships in the state. Lithia recently acquired Greiner Ford Lincoln of Casper, Wyo., in a move to secure a store that will add an additional $75 million in estimated annual revenues, according to the dealer group. “We […] [Read More]

JMN Logistics and Transportation has named David Burke as executive sales manager for Detroit. In his new role, Burke will provide leadership to the sales, marketing and customer service departments while maintaining focus on JMN Transportation’s strategic goals. Burke brings nearly 20 years of experience in the transportation industry. Prior to joining JMN, he was […] [Read More]

The Nissan brand has boosted its certified pre-owned sales this year by nearly 9 percent, according to Autodata Corp., moving 122,651 CPO units through eight months. And the past two (July and August) each broke all-time records. The luxury arm, Infiniti, has seen certified sales climb almost 17 percent, with year-to-date sales reaching 20,491 through […] [Read More]

The Nissan Sentra SV has come out on top of Wantalease.com’s monthly list of lease deals. The compact sedan is currently being offered for $129 a month. Two other vehicles in the car segment — the Volkswagen Jetta S at $139 and the Ford Focus at $149 — came in under the $150 mark. Seven […] [Read More]

Online auto retailer Carvana — creator of the world’s first coin-operated Car Vending Machine — announced its expansion into Columbus, Ohio. Columbus marks the company’s first Midwest launch and its seventh new market launch over the past seven months. “We couldn’t be happier to be expanding into our first market in the Midwest, and to have […] [Read More]

Wheel’s Automotive Dealer Supplies is set to unveil a line of CPO-specific visual marketing solutions during Used Car Week in November. Wheel’s president Richard Ashworth and other members of the Wheel’s team will discuss certified pre-owned merchandising, marketing strategies and product solutions in Booth 210 during the conference, which is set for Nov. 14-18 at the Red […] [Read More]

CarMax saw a 7-percent bump in total used unit sales during the second quarter, and a 5.4 percent increase year to date. Gross profit per used unit at $2,160 remained consistent with $2,166 in the second quarter of last year. Meanwhile, wholesale unit sales declined by 1.3 percent in the second quarter, which president and […] [Read More]

Capital Automotive Financial has launched a new company to provide long-term equity capital solutions to dealers, chief operating officers and general managers in the retail automotive industry. CAF is led by Richard Kotzen and Capital Automotive Real Estate Services (CARS), anchored by an investment from Two Sigma Private Investments (TSPI). Kotzen will be president and […] [Read More]

Enterprise Car Sales recently opened two new locations to better serve customers in the Phoenix area. To celebrate the openings, officials highlighted all Enterprise Car Sales locations in Arizona will appraise trade-in vehicles using Kelley Blue Book trade-in value plus an additional $1,000 in a move to be extended to vehicle buyers through Sept. 30. […] [Read More]

Just last week, I received phone calls from two separate dealers I’d purchased vehicles from over the past five years. Each of them offered to buy back my vehicle and sell me a new one. There was just one problem: I wasn’t ready to trade in my current vehicle. Actually, I wasn’t even considering it. […] [Read More]