Sonic Automotive finished rolling out its Sonic Inventory Management System this month and believes that once the company is fully acclimated to using the centralized inventory management tool, monthly per-store used unit sales can eclipse 100, eventually beating the 150 mark. [Read More]

As the company closed the year with the highest fourth quarter adjusted net income in company history, Lithia Motors watched its used-vehicle division continue to work toward the goal of turning 75 units per store monthly. On Wednesday, Lithia reported that its stores moved an average of 46 used units per month during the fourth […] [Read More]

In what was a strong year for the retailer’s pre-owned department, Sonic Automotive increased its used-vehicle retail sales by more than 6 percent for both full-year 2012 and the final quarter of the year. Specifically, Sonic moved 23,943 used retail units in the fourth quarter, compared to 22,520 in the final period of 2011. For […] [Read More]

For the third year in a row, the Luther Family of Dealerships is looking to feed a whopping 1 million people through its annual Drive to Serve event. The dealership group is teaming up with the Emergency Foodshelf Network and Stop Hunger Now to bring together 3,500 employees, customers, kids and families to package one […] [Read More]

In a piece of news from one of Canada’s largest dealer groups, AutoCanada Inc. revealed this week it has obtained approval from General Motors of Canada to purchase an 80-percent non-voting equity interest in Peter Baljet Chevrolet GMC Buick located in Duncan, British Columbia.  The company expects the closing date of the transaction to be […] [Read More]

Asbury Automotive Group announced on Tuesday its fourth quarter results from 2012, as well as full-year numbers. Used vehicles were ramping up the dealer group’s revenue as 2012 wrapped up, with used-vehicle retail revenue rising by 5 percent during the last quarter.  For Q4 2012, used-vehicle retail revenue came in at $269.3 million, up from […] [Read More]

Earl Hesterberg quickly defended Group 1’s used-vehicle division when an analyst wondered if the company’s new-to-used vehicle sales ratio started to show a negative trend. Hesterberg said Group 1 did a “pretty good job” of turning used vehicles during both the fourth quarter and all of 2012. Retail used sales rose 7.1 percent in the […] [Read More]

The National Highway Traffic Safety Administration said BMW North America is recalling more than a half-million vehicles in two separate campaigns. The vast majority — 504,545 vehicles to be exact — is associated with a recall stemming from the electric system. In this campaign, BMW is recalling: —2008-2012 1-Series coupes and convertibles manufactured December 2007 […] [Read More]

Asbury Automotive Group announced today its fourth quarter results from 2012, as well as full-year numbers. Used vehicles were ramping up the dealer group’s revenue as 2012 wrapped up, with used-vehicle retail revenue rising by 5 percent during the last quarter.  For Q4 2012, used-vehicle retail revenue came in at $269.3 million, up from $255.3 […] [Read More]

The used-car department played a critical role in Group 1’s full-year performance as officials said today that 2012 proved to be the year the company posted increases in all operating segments and new all-time records in total gross profit and revenue. Group 1 turned 21.1 percent more used models a year ago, retailing 85,366 units. […] [Read More]