Like any dealership that turns used vehicles, Sonic Automotive is keeping close tabs on what might be one of the most important metrics — gross profit per unit. Sonic closed the year with a 3.1-percent dip in gross profit per used vehicle retailed, as the figure landed at $1,384. The slight annual dip didn’t alarm […] [Read More]

Carfax announced Wednesday that it has broadened its role in General Motors’ certified pre-owned program. With the expanded role, every certified Chevrolet, Buick and GMC vehicle will include a Carfax vehicle history report that consumers will receive for free from the selling dealer. Also, Carfax Used Car Listings will include all CPO Chevy, Buick and […] [Read More]

Lithia Motors finished 2015 with full-year and fourth-quarter used sales both up by double digits, and the dealer group also experienced a spike in new-car sales, as well. The company said Wednesday morning it sold a total of 24,010 used vehicles during the fourth quarter of last year, up by 11.4 percent from the same period of 2014. And […] [Read More]

“Why should I buy this vehicle with a CPO warranty over, say, anything else?” If you’re a dealer on a franchised lot, you've most likely faced that question. As part of Auto Remarketing’s annual “Best CPO Dealers in the United States” special edition, we connected with some of the top-selling franchised dealers in the CPO space, to […] [Read More]

Sonic Automotive established nine new quarterly or annual performance records, and the dealer group’s used-vehicle department led the way. According to Sonic’s latest financial statement released on Tuesday, the company retailed 6.4 percent more used vehicles in 2015 than it did a year earlier, turning 117,123 units. That figure included the metal moved at its […] [Read More]

When FIAT Chrysler Automobiles shared its top 10 certified pre-owned dealerships for 2015, we noticed something interesting: Three of the top five stores were in Phoenix. Bill Luke Chrysler Jeep & Dodge topped the list with 2,252 CPO sales last year, Airpark Dodge Chrysler Jeep was fourth with 1,041 CPO sales and AutoNation Chrysler Dodge […] [Read More]

Along with an increased authorization for buying back company stock, AutoNation appointed a new member to its board of directors who spent part of her career at both Ford and General Motors. Serving as an independent director on AutoNation's board as of this past Friday is Karen Francis, who now is executive chairman of AcademixDirect, […] [Read More]

Toyota Motor Sales, USA announced that it is conducting a safety recall of model-year 2006 to 2012 RAV4 and 2012 to 2014 RAV4 EV vehicles for a potential seatbelt issue. Affecting approximately 1,124,000 vehicles in the U.S., the involved vehicles are equipped with lap-shoulder seatbelts in both second-row outboard seats that can potentially separate during […] [Read More]

General Motors confirmed today that it will recall approximately 200,000 Saab and Saturn vehicles that contain Takata PSDI-5 driver front airbag inflators. Covering roughly 180,000 units in the United States and 20,000 in Canada, the recall includes Saab 9-3 vehicles from model years 2003 to 2011, Saab 9-5 vehicles from model years 2010 and 2011, […] [Read More]

Asbury Automotive Group will be closing the Q auto store in Jacksonville, Fla., at the end of February, a company spokesperson confirmed on Tuesday to Auto Remarketing. The shutdown is due to the store's performance not being as strong as projected. Employees of the store, who will be interviewed for jobs at other Asbury dealerships, were […] [Read More]