Joining the list of dealer groups reporting third-quarter results this week, Lithia Motors reported Wednesday that it pushed its used retail sales up more than 26 percent year-over-year, selling 13,320 used units. The company generated $230.3 million in used retail revenue, compared to $184.6 million in the same period of 2011.  Meanwhile, Lithia sold 5,173 […] [Read More]

The percentage of change in used-car prices hit double digits for one luxury model from September to October, according to Cars.com. Meanwhile, a certain domestic model made a big comeback on the pricing front, the site noted. In the latest used-car price report posted to the "Kicking Tires" blog, Mike Hanley of Cars.com noted the […] [Read More]

Used-car operations for franchised dealers have been buoyed by a “boat-load of trade-ins,” and independents have been on the comeback trail, according to CNW Research’s look at October used-car sales. Overall, the year-over-year increase in used-vehicle sales this month will likely eclipse 8 percent, CNW said, basing its analysis on the first 20 days of […] [Read More]

Sonic Automotive's third-quarter performance brought  record-breaking volume numbers for used and new sales, and the company continues to make progress toward its per store monthly used-sales goal.  Sonic saw an average of 87 used retail sales per store this month, rising from 82 during the same period of last year. [Read More]

They can pull forward new-vehicle sales while boosting satisfaction and retention, but the benefits of automakers running early-exit offers within their leasing programs can also be found on the certified pre-owned side of the business, as well. That’s according to Scot Hall, executive vice president of Swapalease.com, who talked with Auto Remarketing about this practice, […] [Read More]

America's Car-Mart recently broadened its network of buy-here, pay-here dealerships in Mississippi. Car-Mart's newest location is in Oxford, Miss., bringing the company's total to 117 stores throughout the Southeast. "Oxford is our fourth location to open in Mississippi. It is the type of community that we consider to be ideal for our expansion plans," said […] [Read More]

Asbury Automotive Group increased its used retail sales by 4 percent and pushed used-vehicle revenue up 5 percent during a period that saw that company achieve its best-ever quarterly earnings per share from continuing operations. Releasing its third-quarter results this morning, Asbury sold 14,585 used retail units during the period, compared to 14,053 used sales […] [Read More]

Reporting its third quarter results this morning, Sonic Automotive said it saw increases in sales, earnings and revenue. Highlighting its pre-owned results, Sonic’s used-vehicle retail unit sales were up 6.6 percent year-over-year. New-vehicle retail unit sales were up a significant 25.2 percent over the same quarter last year. Combined, total retail unit sales increased by […] [Read More]

Nissan is recalling just under 14,000 Altimas built this spring and summer to correct a potential issue with transverse link bolts and power steering rack bolts. According to a notice on the National Highway Traffic Safety Administration’s website, there are potentially 13,919 units from the 2012 and 2013 model-years that could be affected. The recalled […] [Read More]

The used-car business had two of its best years ever in 2011 and 2010, with record sales of 15.6 million reported last year at franchised dealerships. According to the National Automobile Dealers Association, 8.7 million were retail sales made at dealerships, and 57 percent of them came from trade-ins or from the ever-increasing inventory of […] [Read More]