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]

Lithia Motors has expanded its East Coast operations, announcing Tuesday that it acquired the nine-store Carbone Auto Group that operates in New York and Vermont. Carbone generates an estimated $600 million in annual revenues through an exclusive market strategy, Lithia said, noting in the news release that Carbone gives the group a foundation to expand […] [Read More]

CarMax celebrated the grand opening of its first used-car store in Idaho.  The store, located at 4043 E. Elden Gray St. in Meridian, will stock more than 200 used vehicles of nearly every make and model. “The Meridian community has been very welcoming to CarMax,” said Louis Cominiello, location general manager. “We are very excited […] [Read More]

If you’re a dealer looking to move your CPO inventory, take note: Autotrader has come out with its top picks for certified pre-owned deals in September.  “Certified pre-owned vehicles used to be kind of a secret, something only your uncle Ned and car guy neighbor knew about. Today, many people are catching on that it's […] [Read More]