Sheehy Auto Stores announced Thursday that it has collected a total of $300,000 to donate to the American Heart Association. This is a record-breaking donation that Sheehy made as part of its annual Sheehy 8000 campaign — a 55-day campaign created to raise funds and awareness for the charity. From May 11 to July 5, […] [Read More]

Along with Genesis being the overall highest ranked brand for the first time, J.D. Power’s latest U.S. Automotive Performance, Execution and Layout (APEAL) study has also seen the largest ever year-over-year consumer satisfaction improvement this year. As for what is responsible for a sizable increase in overall satisfaction from 2017, J.D. power points to how the […] [Read More]

Group 1 Automotive today announced its positive results for the second quarter were due in part to a company-wide focus on used vehicles and “strong cost control.” The focus on pre-owned paid off for the dealer group in Q2, as it retailed 28,484 used vehicles, up from 25,202 sold during Q2 2017. Retail used-vehicle revenue was on […] [Read More]

DriveTime announced Monday that it has named a new chief financial officer to replace Kurt Wood. After four years of service and replacing Mark Sauder in 2014, Wood is leaving his CFO post at DriveTime, the used-car retailer said in a news release. Chosen to replace Wood is Mary Leigh Phillips, who most recently served as […] [Read More]

Used-vehicle sales this past month were strong — as were prices, perhaps easing tight margins in the dealership a bit. These stats and more painted a rosy picture for the used industry, even while many are waiting for the shoe to drop in terms of consequences from rising interest rates and an expected wave of off-lease supply. That’s […] [Read More]

After a successful pilot program, Manheim announced today its seller-focused mobile app Manheim Express is now available nationwide.  The app is free to download on Apple, and will be coming to Android later in the fall. The company shared that as upstream and digital sales channels continue to become more prevalent in the industry, Manheim […] [Read More]

When it comes to which consumers are continually gravitating to sport utility vehicles over sedans, household income levels and a vehicle owner's age can determine both consumer preferences and defection rates, according to IHS Markit's latest analysis on loyalty and defection. At a time when consumer preferences for SUVs are steadily increasing, the business information provider […] [Read More]

Digital automotive company Dealers United will be acquiring Seattle-based media and video production firm, What’s Next Media. The deal was agreed upon on July 20th for an undisclosed amount.  What’s Next Media is designed for automotive dealers, and offers auto video content, including video consulting, as well as assets for Facebook and YouTube advertising.  Dealers United […] [Read More]

Compact-car prices have stayed strong for much of the year, but Black Book editors noticed these particular vehicles took a bit of dip.   This week’s Market Insights report from Black Book showed that while cars and trucks overall saw very similar depreciation last week, compact cars saw what editors called a “big drop” compared […] [Read More]

Consumers are very familiar with Japanese brands, and they have obviously been very well received.  But the case might not immediately be the same for Chinese brands eyeing entry in the U.S.  According to a recent poll by Autolist, Chinese brand vehicles may face difficulties “earning the trust” and attention of U.S. car shoppers.  According to […] [Read More]