Sheehy Auto Stores are gearing up to celebrate the company’s 50th anniversary. And the dealer group focused in the mid-Atlantic region will be recognizing its golden milestone over the course of 2016. The company was founded back in 1966 by Vince Sheehy Sr. with the opening of Sheehy Ford, a small dealership in the Washington, […] [Read More]

In commentary paired with the company’s 2015 Used Vehicle Market Report, Edmunds.com director of industry analysis Jessica Caldwell said the certified pre-owned and late-model used-car markets are currently in “a Golden Age.” In addition to hitting another record year in 2015 and reaching 55-percent sales growth over the last five years, CPO has also become an […] [Read More]

In a previous article I provided tips on how dealerships can prepare to receive vehicle shipments, and emphasized the importance of doing a thorough inspection at both the origin pickup location and destination (receiving) location. In that article, I pointed out the distinction between normal wear and tear versus major damage. It’s difficult to define […] [Read More]

Asbury Automotive Group announced Friday it has broke ground on a new Nissan dealership in Georgia. The new store is located in Cumming, Ga. which the dealer group said is a “high-growth” Atlanta suburb. The store is scheduled to open late this year at 1301 Buford Highway. The facility will feature a 45,000-square-foot building, 20 service […] [Read More]

This past October marked the first anniversary of Lithia Motor’s purchase of DCH Auto Group. And if the company’s fourth-quarter and full-year 2015 results are any indictor, the combination is working out well for Lithia. In fact, Lithia boosted same-store used sales in Q4, which included the DCH stores, by 12 percent. The dealer group also […] [Read More]

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]