In a forecast released Tuesday, TrueCar projects close to 2.86 million used-vehicle sales this month, which would be a 6.1-percent year-over-year slide. Last week, Edmunds.com called for roughly 2.8 million used-car sales in November, which would be down from 3.1 million in October. The seasonally adjusted annualized rate for used-car sales, however, is likely to […] [Read More]

Certified pre-owned is taking thicker slices of that franchised dealer used-car sales pie. In fact, CPO share has reached a new landmark. In the third quarter, 23.2 percent of used-vehicle sales at franchised dealers were certified, according to the latest Used Vehicle Market Report from Edmunds.com. Certified pre-owned’s Q3 share has never before reached this […] [Read More]

On Tuesday, Lithia Motors announced the acquisition of Honolulu Ford in Honolulu, Hawaii. "We are pleased to welcome the newest members of the Lithia family with the addition of Honolulu Ford, our fifth store in the state of Hawaii,” said Bryan DeBoer, Lithia president and chief executive officer. “Clustering locations in a condensed geographic area […] [Read More]

On Monday, Dealer.com announced that General Motors certified its Digital Advertising Solution as an in-Market Retail (iMR) Turnkey Product. The approval gives GM Dealers access to purchase Dealer.com's advertising product and receive co-op reimbursement from GM for their investment. "GM's approval of Dealer.com Advertising will create more lucrative advertising and sales opportunities for their entire […] [Read More]

Costco Auto Program has announced that the Chevrolet Corvette is now available during its General Motors Holiday Sales Event. “We are excited to be able to offer an additional value with General Motors on the distinctive Corvette,” said John Conlon, services director at Costco. “This opportunity for Corvette enthusiasts to be able to purchase their dream […] [Read More]

Swapalease.com’s inaugural quarterly leasing report paints a mostly rosy picture of the lease market. Most brands saw search activity fall during the third quarter as compared to the second quarter,  with a few domestics brands, such as Chevrolet and Ram, seeing gains. Swapalease expects that to reverse in the fourth quarter as holiday shopping accelerates. When […] [Read More]

Swapalease.com reported that lease credit approval rates of registered applicants are noticeably down in comparison to last year. October's rate was 61.5 percent, a decrease from 75 percent a year prior. And October's rate was down 4.9 percent from September. Swapalease.com said lease credit approval rates have shifted from month to month throughout the year. "We expect […] [Read More]

Cox Automotive has named David Pyle senior vice president of enterprise dealer partnerships. In his new role, Pyle will oversee the company’s sales division within the client success organization. He will lead a team that is dedicated to selling products from the suite of Cox Automotive brands, including financial, inventory, media and retail solutions, to […] [Read More]

LotPop announced the launch of LotScore on Tuesday, an inventory scoring system which reports dealers’ top inventory and market indicators to help boost their used vehicle sales. “Dealers using inventory management systems have access to so much data the information confuses decision-making. Instead, LotScore distills that data and, along with analyzing third-party party website data, presents […] [Read More]

Last week, Kelly Blue Book announced the winners of its 2017 Best Buy Awards, which honor the top new model-year vehicles on sale through evaluation of vehicle’s transaction prices, 5-Year Cost to Own data, and retail sales information. Of the more than 300 new-car models available for 2017, the new Honda Civic is recognized as […] [Read More]