Jim Mitchell wanted to witness Ohio Gov. John Kasich sign Senate Bill 245 into law earlier this week since the legislation eight years in the making is aimed at assisting independent dealers in becoming successful. The executive director the Ohio Independent Auto Dealers Association cheered the passage of the measure that mandates dealers must go […] [Read More]

According to a new study, used-car deals get better — hundreds of dollars better — as ya shopper heads toward the big city. In all but two states studied in CarGurus’ latest survey, dealers within a 50-mile radius of a major city center offer better deals on their used-car inventory than those located farther outside […] [Read More]

Group 1 Automotive — which made it into Auto Remarketing’s "Top 125 Used-Car Dealer Groups" feature that can be found in the June 15  issue  — said Monday it has made another acquisition in the Sunshine State. Three weeks after revealing the purchase of two stores in the Panama City, Fla., market,  Group 1 announced […] [Read More]

Following the first year-over-year decline in certified pre-owned sales in six months, the market got right back on the upswing in May. CPO sales last month jumped more than 8 percent year-over-year and bested April’s total by 9.7 percent, according to Autodata Corp., which said dealers moved 156,997 certified vehicles in May. [Read More]

Dealers have another resource for marketing their used cars, both locally and across the nation. With a posted online directory claiming more than 99,000 dealers, the newest website from eNetBrands.com is used-car search engine Carzr.com. The search engine brings together used-car listings from top sites around the web, the company reports, including Craigslist, Backpages, Cars.com […] [Read More]

In light of last week’s supercell thunderstorm in northwest Oklahoma that pounded the area with softball size hail, Group 1 Automotive assessed the damage done to its dealerships affected by the storm. The storm launched multiple tornadoes, as well, but its main impact was unusually large hail that produced at least $250,000 in damage and […] [Read More]

Only a month after incentives fell to what was the lowest level in nearly seven years,  Edmunds.com discovered that automakers raised incentives in May, and believes it could be a gradual rise going forward. According to Edmunds.com’s True Cost of Incentives, the industry spent $2,135 per vehicle in May, up 3.9 percent from April, and […] [Read More]

Cars.com revealed Wednesday it has chosen an exclusive provider of vehicle shipping services. The online transportation marketplace tapped for the role is uShip.com. Now, when shoppers visit Cars.com, they can receive an instant shipping quote from the site’s partner. Moreover, officials noted, site visitors will have access to “customer-reviewed auto transport companies that competitively bid […] [Read More]

As NADA Used Car Guide reports that used-car prices are expected to slide in June for the first time this year, dealers may potentially be seeing an influx of trade-ins in the coming months. In a Tuesday report, Forbes’ Jim Gorzelany cautioned buyers it may be time to “update your holdings,” or trade-in a vehicle […] [Read More]

CarMax recently announced that its community enrichment program, The CarMax Foundation, has awarded $300,000 in grants to Richmond, Va.-area nonprofit organizations. As CarMax lends a hand to help causes around its hometown, the nonprofits benefiting from these grants range from the Boys & Girls Clubs of Metro Richmond to the Special Olympics Virginia. The grants […] [Read More]