For the past four years, Auto Remarketing has published a magazine each February that recognizes the best-selling certified pre-owned dealers in the U.S. Essentially, the top 10 CPO dealers for each participating program (based on the previous year’s sales) are recognized. Bill Luke Chrysler Jeep Dodge & Ram did not make its automaker’s top 10 […] [Read More]

Group 1 Automotive, like many of its peers in the dealer group world, has seen used-vehicle volumes continue to blossom. Or as one analyst put it during the retailer’s recent quarterly earnings conference call, it seems the used volumes for dealers may still have more room for “acceleration” than the new-car side. A big part […] [Read More]

AutoNation insisted back in early September that it would be “worth it” to enact a policy not to sell, lease or wholesale any new or used vehicle that has an open safety recall. The dealer group acknowledged that at the close of the third quarter, 16 percent of its used-vehicle inventory wasn’t available for sale […] [Read More]

Penske Automotive Group posted solid gains in the third quarter of 2015, highlighting a 7.7-percent year-over-year increase in overall used-vehicle retail unit sales worldwide. The group has maintained that pace all year, with a similar jump – 7.8 percent, to be exact – in overall used retail units sold in the first three quarters of the […] [Read More]

After Sonic Automotive announced record quarterly new and used sales, the company’s third-quarter earnings conference call centered largely around its new standalone used store brand, EchoPark Automotive. In the company’s initial results release, it said that the EchoPark stores retailed 920 pre-owned units during Q3, which is up 4.4 percent from the 881 units sold […] [Read More]

While new-vehicle sales are expected to increase by over 11 percent for the month of October, TrueCar predicts a slight year-over-year decrease for total used-vehicle unit sales by the close of the month. In an announcement from the company on Wednesday, TrueCar says it expects that total used-auto sales may exceed 3,023,686 units, which, if […] [Read More]

AutoNation continued its upward movement in the number of used vehicles retailed during the third quarter, pushing its total through the first nine months of the year 7.4 percent higher than the same point in 2014. The dealer group reported on Wednesday that it retailed 56,584 used vehicles in Q3, marking a 1.4-percent uptick from […] [Read More]

It was a quarter full of records for Sonic Automotive — an assertion that became clear when company management announced Q3 results on Wednesday. On top of scoring record Q3 income from continuing operations, new retail sales, fixed ops gross profit and more, the company also sold more used retail units in the quarter than […] [Read More]

Sheehy Auto Stores is encouraging shoppers and community members to join in its efforts to feed the needy throughout the Richmond, Va.; Baltimore and Washington, D.C. areas. The dealer group will collect canned goods and non-perishable food at its stores as part of the company’s annual Fall Food Drive. The drive will go through Nov. 12, […] [Read More]

On Wednesday morning, AutoNation announced that the dealer group has signed an agreement to acquire 12 stores, including 31 franchises, in six Texas markets from Allen Samuels Auto Group. Officials indicated the dozen stores located in the markets of Houston, Dallas-Fort Worth, Corpus Christi, Tyler, Ennis and Waco represent approximately $800 million in annual revenue […] [Read More]