Vehicle transportation company MetroGistics has named its director of strategic accounts. Now responsible for maintaining relationships with key customer accounts, as well as growing MetroGistics’ customer portfolio, is Adam Laura.  “Having Adam onboard to help develop and grow our strategic account portfolio will be a great addition to our sales team,” said Scott Naz, managing […] [Read More]

As wholesale prices begin to come down, pre-owned retail prices ticked up this month after remaining relatively consistent for most of the first quarter. But some of the pricier units bucked the trend, making up nine out of the top 10 vehicles that saw the biggest price drops in April. According to a recent post […] [Read More]

As Earth Day rolled around last week, analysts took a look at the fast-growing hybrid and electric vehicle segments, which have become increasingly popular given how more and more consumers are focusing on environmental sustainability while looking for their next vehicle. While Experian Automotive looked at the financial factors behind why a consumer chooses to […] [Read More]

Despite storms in the U.S. that threw a monkey wrench into its operations in early 2014, Group 1 Automotive still managed to increase its global used-car retail sales by nearly 16 percent in the first quarter and boost its U.S. numbers by nearly 8 percent. When looking at consolidated international and U.S. results, Group 1 […] [Read More]

Two other publicly traded dealer groups are well on their way to rolling out special stand-alone stores that only sell used vehicles. Lithia Motors tried that retail concept about seven years ago, and company executives don’t appear eager to attempt it again. When investment analysts asked Lithia leadership whether an approach like the respective concepts […] [Read More]

In discussing its first-quarter performance, Penske Automotive Group highlighted double-digit increases in used-vehicle retail sales while also touching on how the expected rise in off-lease vehicles may lead to even bigger opportunities in pre-owned. Looking at the company’s retail performance in Q1, it retailed 45,500 used units during the quarter for a year-over-year increase of […] [Read More]

As weather warmed up across the country last month, sporty cars were in high demand and short supply. This is according to the latest installment of vehicle scarcity data that is provided monthly to Auto Remarketing by AutoTrader.com. As consumers started turning their attention toward sportier rides, many key models in this segment appeared on […] [Read More]

Lithia Motors took another step during the first quarter toward reaching its goal of turning 75 used vehicles a month at each of its stores. The dealer group reported on Thursday that it retailed 16,316 used vehicles during Q1, representing a 19.4-percent lift year-over-year. Selling the extra 2,655 used vehicles above the year-ago quarter’s total […] [Read More]

Although Sonic Automotive is still relatively mum on how its forthcoming stand-alone used retail business differs from the CarMax model, an analogy from the dealer group’s management team this week gives a bit of a glimpse. During this week’s conference call discussing first-quarter results, Sonic’s leadership say they “very much admire” CarMax and said that […] [Read More]

Another public dealership group is jumping on the used-car outlet concept. Asbury Automotive Group announced Wednesday morning that the retailer will be opening two stand-alone used-car stores in Florida this year that will operate under the “Q auto” brand. Asbury plans on opening the first store in June in Tampa, Fla., then a second store […] [Read More]