Asbury Automotive Group announced across-the-board gross profit increases including a 7-percent increase on the used-car side. The company retailed 18,840 used vehicles in the second quarter, which proved to be 1,137 more used vehicles sold than in the second quarter of 2013, a 6-percent increase. Total used retail gross profit came in at $33.7 million, up […] [Read More]

In recent months, an independent dealer has typically generated an average premium in the neighborhood of $700 when he or she chooses to certify a car with a non-OEM program versus not certifying the vehicle at all.   That’s according to June’s Retail Automotive Summary from CNW Research, which also said that more than four-fifths […] [Read More]

There were 2.11 million certified pre-owned vehicles sold in 2013, up from 1.83 million in 2012, and 2014 is expected to be an even bigger year for certified sales, with Manheim Consulting putting a target on the 4 million mark. Are you making the most of this growing market? To help dealers answer that question […] [Read More]

As the public dealer groups began reporting their second-quarter performances in full force, Sonic Automotive revealed it reached an all-time high for used sales. The company sold a record 28,514 pre-owned units in Q2. Pre-owned units sales per store per month were up, as well, reaching 100 units in May and 93 units for the […] [Read More]

Group 1 Automotive announced this week the acquisition of two dealerships located in Houston: Munday Chevrolet and Munday Mazda. The two dealerships, which will continue to do business with their current names, are estimated to yield $225 million annually. Earl Hesterberg, the president and chief executive officer of Group 1, believes the acquisition of two […] [Read More]

Experian Automotive announced this week that it will be working with American Honda Motor Co. to provide vehicle history reports for both Honda’s and Acura’s certified pre-owned programs. In order to be certified, pre-owned Hondas and Acuras will be further evaluated using Experian Automotive’s AutoCheck vehicle history reports, as part of the agreement between the […] [Read More]

Ascertaining specific figures as to what is the prudent amount to spend on reconditioning can be a bit of a challenge, according to industry experts who crunch wholesale numbers for a living. While neither ADESA’s Tom Kontos nor Manheim’s Tom Webb shared a specific dollar amount with Auto Remarketing, each economist did explain how grade […] [Read More]

Both second quarter and first-half used-vehicle sales for AutoNation beat year-ago figures, but the improvements in used-car gross profits per vehicle were even more impressive. AutoNation moved 52,565 used retail units in Q2 for a 1.0-percent year-over-year gain, and it sold 104,792 used retail vehicles through six months of the year, which beats the year-ago […] [Read More]

Jerry’s Auto Group in Maryland is joining forces with the local Muscular Dystrophy Association Chapter next week for an inaugural golf classic to help those living with the condition. Scheduled for Monday at Hayfields Country Club in the Hunt Valley area of Baltimore County, Md., the golf event will include the dealership group along with […] [Read More]

While the precise return on investment for reconditioning is certainly up for debate — and economists contacted by Auto Remarketing were averse to putting an exact number on it — the payoff from a dealership’s recon investment raises some interesting issues. How much should dealers be willing to put into making a car retail-ready when […] [Read More]