Tight wholesale inventories have forced dealers to look far and wide for used vehicles. Now based on information CNW Research uncovered in relation to April’s used-sales performance, buyers are going farther away from home to find the model they want. As April used sales inched up 0.7 percent higher compared to a year ago, CNW […] [Read More]

On Tuesday, Mercedes-Benz USA revealed a series of management changes, effective today, including naming a new general manager of fleet and pre-owned. Appointed to the position is Kurt Cornell, who most recently served as an area manager for the Western region. “In his new role, Cornell will be responsible for volume, customer experience and profit […] [Read More]

NADA Used Car Guide executive analyst Jonathan Banks predicted strong sales performances for both used and new models for the rest of this year. In a video interview on “AutoFocus with David Hyatt,” Banks reviewed first-quarter results and discussed the positive impact the recovering economy is having on sales of cars and trucks. “Everyone talks […] [Read More]

The next free Auto Remarking Training Series webinar will feature top trainers from Carfax and FirstLook in a session geared for managers who want to get the most out of their used-car inventory. The session will include DJ Sherwood, process improvement manager at Carfax, as well as Steve Miner, director of product marketing at FirstLook. […] [Read More]

During the conference call held to discuss Q1 results from Penske automotive, execs touched on growth expectations for the rest of the year as well as how the Hertz Rental Car acquisition will help pre-owned business in the future. During the question and answer period of the call, Anthony Pordon, executive vice president of investor […] [Read More]

Continuing Auto Remarketing’s coverage of Q1 results from used-car dealer groups across the country, Penske Automotive revealed Monday a series of record results. During the first quarter of 2013, the company experienced the highest income and earnings per share in company history, officials reported. For Q1, income from continuing operations attributable to common shareholders increased […] [Read More]

A pair of Japanese automakers announced separate recalls recently — campaigns that cover more than 160,000 units. The larger of the two recalls was issued by Nissan North America, according to the National Highway Traffic Safety Administration. The OEM is recalling 123,308 Altima sedans from the 2013 model year. These vehicles were manufactured between March […] [Read More]

Following CNW Research’s predictions last week that April would finish up with 3.85 million used vehicles sold for the month, two other firms have released their respective forecasts, both of which are targeting a lower sum than CNW. At TrueCar.com, analysts are calling for 2.94 million used sales for April, with a new-to-used ratio of […] [Read More]

As the retailer continues to move forward with Phase II of its 121 Program, Asbury Automotive Group said it’s quite clear the program has helped lift the company’s used-car operations. Just look at the dealer group’s used-to-new sales ratio today in comparison to where it stood five or six years ago. The program’s imprint certainly […] [Read More]

Lithia Motors is loving the results its used-vehicle division is generating — production such as used-model retail same store sales increasing by 22 percent during the first quarter. But top executives are quick to point to the managers and personnel doing the day-in, day-out work to make each part of Lithia’s used department move on […] [Read More]