While industry observers spotted some factors impacting new-car sales, franchised dealerships produced strong results in moving certified pre-owned vehicles as the industry generated nearly a double-digit gain on a sequential basis. According to information supplied by Autodata Corp. on Wednesday, February’s CPO sales came in at 211,475 units; a figure relatively unchanged from the same […] [Read More]

Lithia Motors announced this week that Shau-wai Lam said he would be retiring from the dealer group’s board of directors at the completion of his term in April. Lam was formerly the chairman of DCH Auto Group, and joined Lithia's board when DCH was acquired in October 2014. Lam said he will now focus on […] [Read More]

eBay Motors announced on Tuesday it has recently added new partners to its Dealer Referrer Network, further expanding its selling platform to the U.S. dealer community. Through the Dealer Referrer Network, partners can sell eBay’s subscription packages to their existing dealer networks. eBay said increased dealer partners can ensure that buyers on its platform have a […] [Read More]

Prime Motor Group, a network of automobile dealerships and service centers, announced the completion of a $687 million financing facility. The company said it wanted to refinance existing debt and prepare for future expansion opportunities. "We could not be more excited about the opportunities that lie ahead for our company, employees and dealerships," Prime Motor […] [Read More]

DealersLink introduced recently “Six Steps for Dealers to Get Their Cars to the Digital Front Line,”  a free ebook currently available for download that offers tips to dealers on how to get inventory online timely. The company said the ebook aims to direct dealers interested in reducing average turn time. “We have the data that shows […] [Read More]

Dealership compliance auditing firm Total Dealer Compliance on Wednesday launched what it’s calling a Certification Badge in an effort to give customers piece of mind that they will not fall victim to deceptive trade practices or subjected to aggressive sales tactics. By certifying dealerships, the firm said consumers will know that a certified store will […] [Read More]

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]