Fueled in part by achieving the milestone of retailing 100 used units per store per month for the quarter on a same store basis as well as making strides with its Echo Park specialty dealerships, Sonic Automotive set a new record for used-vehicle sales during the second quarter. The dealer group reported on Monday that […] [Read More]

Now is the time you might want to turn environmentally conscious shoppers on your lot looking for a deal toward the pre-owned electric vehicles in stock. Why? Take a look at the residuals. According to Manheim, the used 2013 Nissan Leaf will be worth only $7,650 by next July, while today’s price for the same […] [Read More]

Sheehy Auto Stores Inc. announced Monday it passed its annual campaign goal to raise more than $200,000 to benefit the American Heart Association. The dealer group also sold 6,500 vehicles in 54 days as part of the company’s 18th annual Sheehy 6,0000 sales charity event.   "With the support of our customers, our business partners […] [Read More]

Used-car dealers won’t have to worry about a federal requirement of bearing the burden of fixing recalls before being allowed to resell used vehicles. At least, for now. This is in light of a Senate Committee on Commerce, Science, and Transportation mark-up meeting on Wednesday that voted on several legislative actions attempting to alter operations in […] [Read More]

TrueCar announced Wednesday that it has named a new executive vice president of people as well as its chief human resources officer to lead its talent search, which the company says it has “stepped up” to keep up with its expanding business. Joining the company from Hewlett Packard, where he has worked since 2001, is […] [Read More]

Cox Automotive and the National Association of Minority Automobile Dealers presented its Innovation Award to a Texas dealer principal during its awards dinner at the 2015 NAMAD Conference on Thursday.                                                      Cox Automotive’s vice president of customer and […] [Read More]

Very soon, TrueCar and AutoNation will no longer be partners. The business relationship between the car-buying and selling platform and the nation’s largest publicly traded dealership group is ending July 31. According to multiple news outlets, including Automotive News and the Wall Street Journal, AutoNation decided to part ways with TrueCar due to contract squabbles over […] [Read More]

Make it nine in a row for Karl Chevrolet. The Iowa dealer and Auto Remarketing’s 2011 CPO Dealer of the Year has now won the National Sales Leader award from the General Motors certified pre-owned program for the ninth straight year after leading the pack with 1,791 CPO sales in 2014. “Reaching this level of sales […] [Read More]

The Costco Auto Program announced Wednesday that it saw nearly double the demand for its parts, service and accessories benefit during the month of June. That’s compared to the daily average recorded by the company from January through May of this year, a benefit Costco launched for its auto program members in the spring of […] [Read More]

Collective certified pre-owned sales increased double-digits for both Asian brands and European brands in June, including one automaker that had its best-ever month, according to Autodata Corp. Asian brands moved 97,969 CPO vehicles for the month, which beat June 2014 numbers by 14.3 percent. That sum included Kia’s record high month of 6,117 CPO sales, […] [Read More]