While used-car sales last month jumped more than 40 percent from March, the year-over-year change was much more moderate, according to CNW Research. The firm said Tuesday that there were 3.79 million used sales in April, which is a 40.2-percent month-over-month rise and a 7-percent hike from April 2011. While the 40.2-percent month-over-month upswing may […] [Read More]

While one analyst took a cautious approach when dissecting April’s new-vehicle sales performance, other industry watchers continued to be impressed by what’s developing with Chrysler. The domestic OEM announced Tuesday it posted its best April sales performance since 2008, turning 141,165 units for a 20-percent increase compared with sales in April of last year when […] [Read More]

As CarMax reportedly took the next step in expansion plans, Penske Automotive Group expanded its stable of foreign franchised dealerships Tuesday with the appointment of a new Nissan store and a new Infiniti rooftop in the heart of downtown San Francisco. Officials highlighted the new dealerships are located on Van Ness Avenue, what they consider […] [Read More]

Thanks to strong participation numbers from dealers, the National Automobile Dealers Assocation announced today that it has extended the deadline for  members of the NADA and American Truck Dealers to participate in the NADA’s Dealership Workforce Study to May 15. Leaders from both NADA and ATD are asking members to take part in NADA’s new […] [Read More]

With Monday marking the last day of April, Kelley Blue Book thinks franchised dealers will have enjoyed a double-digit daily selling rate above the same month last year. KBB estimated April new-vehicle sales to reach 1,148,000 units, or 14.0 million seasonally adjusted sales rate. If the projection holds true, analysts contend it will account for […] [Read More]

Sixty-seven Ford dealerships have received the necessary certification to become the first stores to sell the automaker’s debut all-electric offering, the company announced Monday. All of the dealerships given the green light to sell the 2012 Ford Focus Electric later this spring are located in California, New Jersey and New York. These three states were […] [Read More]

Used-vehicle sales soared double digits for Group 1 Automotive and Asbury Automotive Group during the first quarter, which saw both retailers set profit records. Group 1 increased its retail used sales by 24 percent year-over-year, as it moved 20,749 units. It moved 9,994 wholesale used units for a 10.4-percent gain. Used retail revenue for the […] [Read More]

Continuing a trend of optimistic April used- and new-vehicle sales projections, Edmunds.com shared its estimations on Thursday, predicting the month’s used sales total would be 3.63 million. Edmunds’ April used sales prediction translated into a used seasonally adjusted annual rate of 39.3 million, up from a used SAAR level of 38.9 million the site reported […] [Read More]

One dealership group in Delaware is encouraging stores to get involved with the National Automobile Dealers Charitable Foundation — the philanthropic arm of the National Automobile Dealers Association. Participating in the efforts that  provide financial support to schools, private colleges and universities, emergency disaster relief and community service programs, the Willis Automotive group has created […] [Read More]

While projecting a healthy month-over-month gain, TrueCar.com predicted April’s used sales total to soften a bit from the same month a year ago. Analysts estimated used sales for April to be 3,615,148 units, down 2.0 percent from April of last year but up 33.6 percent from March. TrueCar indicated the ratio of new sales to […] [Read More]