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]

Dealers United has announced a company milestone in its vendor vetting services, which are designed to help leverage the buying power of individual dealerships. Surpassing the company’s own projections, Dealers United members now represent 4,000 dealer rooftops, the company reports, four months after its official launch at the NADA 2012 convention in February. Dealers United […] [Read More]

In some perhaps surprising news for the industry, after prices for used cars saw double-digit gains from January through May, NADA Used Car Guide reported today that rates are expected to hit the brakes come June. With prices on many popular used compact and midsize cars predicted to drop up to 5 percent month-over-month, NADA […] [Read More]