As gas prices rise again, consumers may be turning towards hybrids, as a few of these units are being identified as having a lower total cost-of-ownership than their all-gasoline counterparts, according to Vincentric’s Hybrid Analysis released late last week. In the study, 11 of 25 hybrid vehicles came in as costing less to own over […] [Read More]

After wrapping up what was the strongest August ever for the CPO market, according to Autodata Corp., one dealership highlighted its recent success in the segment, as well as strategies and best practices implemented in the New York store. Bronx dealership Teddy Nissan was named the No. 1 CPO Nissan dealer in the country for […] [Read More]

Hendrick Automotive Group this week announced a partnership with Sirius XM Radio that will offer service subscriptions to those purchasing pre-owned vehicles with factory-equipped satellite radio. The three-month SiriusXM subscription deal applies to customers who buy a pre-owned vehicle from any of the 84 Hendrick Automotive Group dealerships across the U.S., and through Hendrickcars.com. “I’ve […] [Read More]

Revealed Wednesday, Penske Automotive Group will be joining Hertz’s franchising network. The companies explained this partnership for the Memphis, Tenn., market is part of  Hertz's company-wide initiative aimed at increasing its presence in the off airport car rental markets. "Hertz is pleased to enter into a partnership with Penske Automotive Group to encompass the franchising […] [Read More]

The Russ Darrow Group announced this week that it has opened a Used Car Superstore to its auto retail properties. The store, located at 2301 W. College Ave. in Appleton, Wis., adds to the company’s dealership roster across the state, and is located at the site of the former Russ Darrow KIA dealership, which the […] [Read More]

Summer began its descent with a banner month for certified pre-owned sales. It was the strongest August ever for the CPO market, according to Autodata Corp., and a quartet of brands posted their best-ever certified figures. Specifically, there were 160,206 CPO sales during the month, which marked a 9.6-percent year-over-year increase and a 6.1-percent jump […] [Read More]

According to a new study, the average car dealership could generate an extra $106,000 each year in profit, by improving the customer experience. Maritz Research this week released the results of its Automotive Customer Experience Payback Study, which measures the financial returns of a positive car-buying experience. The study found that said the average dealership […] [Read More]

As evidenced by the August new-vehicle sales performance at AutoNation stores, import badges helped in pushing the highest sales level in five years. In fact, the American International Automobile Dealers Association highlighted that foreign brands accounted for 54.7 percent of all vehicles sold in the United States last month — the highest since 2007. Furthermore, […] [Read More]

Last month was the strongest August ever for the certified pre-owned market, according to Autodata Corp., and a quartet of brands posted their best-ever CPO sales. The firm said this morning that there were 160,206 CPO sales during the month, which marked a 9.6-percent year-over-year increase and a 6.1-percent jump from July. Through eight months, […] [Read More]

Used-vehicle sales improved 1.5 percent year-over-year in August, according to CNW Research, which said today there were 3.87 million used units sold during the month. Franchised dealers, in particular,  increased their used sales 3.3 percent, as they moved 1.48 million units. And early indications are that certified pre-owned sales fared well for many of these franchised […] [Read More]