After high prices stuck around a bit longer than expected in May following the close of tax season, the auction price declines in June more than doubled. According to Black Book data, prices for vehicles model years 2009-2013 fell an average of 1 percent. This is compared to a decline of 0.4 percent in May. […] [Read More]

When Asbury Automotive Group discussed its first-quarter results and announced its Q auto stand-alone pre-owned store concept this spring, chief operating officer Michael Kearney talked about the retailer’s used-car culture. It’s an approach that has led to significant used-vehicle growth for Asbury in recent years, setting the group up nicely to roll out such an […] [Read More]

Go Auto Exchange announced Monday it has purchased United Auto Auction in Houston, giving the company its third location and bulking up its presence in the Southwest. United Auto Auction — a four-lane location on 11 acres that has been in existence for more than 25 years — has been renamed Go Auto Exchange Houston. […] [Read More]

AutoNation reported its best new-vehicle sales for the month of June since 2007. The 25,450 units tallied last month marked a 1-percent increase over June 2013 and contributed to the retailer’s best second quarter new-car sales number (81,394) since 2006. This quarterly mark was also a 10-percent increase over AutoNation’s second quarter last year. AutoNation […] [Read More]

ADESA announced Monday that dealers have another way to utilize its LiveBlock tool — through the convenience of their smartphones. The company has launched the LiveBlock mobile app, which is available free for iPhone users. ADESA officials pointed out the move means registered dealers can now participate in live vehicles auctions at ADESA locations across […] [Read More]

It was an abbreviated week in the lanes with the Fourth of July holiday, but prices continued to fall as the market entered the dead of summer. And following a trend seen this past spring, the car segments continue to see larger declines than the more stable trucks. According to the latest “Beggs on the […] [Read More]

TrueCar announced late last week that it is bringing its legal team in-house by hiring three new leaders. This trio — consisting of Troy Foster, Johnny Stephenson and Jeff Swart — joined TrueCar after years of experience working for the company’s outside regulatory and corporate counsel. Foster, the new chief legal and compliance officer, is […] [Read More]

Certified pre-owned sales results for June flowed in this morning and showed that a newly updated program in the Canadian certified landscape is gaining ground among consumers. Kia Canada’s new enhanced certified program, relaunched back in April, is “gaining traction and support,” Richard Pasta, Kia Canada's manager of national fleet sales, remarketing and CPO, told […] [Read More]

It seems interest in hybrid and electric vehicles might be slowing as predictions of more stable gas prices are on the horizon, NADA Used Car Guide analysts pointed out in a recent analysis. . In fact, according to the latest NADA Perspective report that highlighted hybrid vehicle market performance, hybrid electric vehicle sales are down […] [Read More]

Topping the rankings in Strategic Vision’s 19th annual Total Quality Index (TQI) for 2014 are Tesla, Audi and Kia. The honor for Best Model in Total Quality went to the Tesla Model S, garnering a near-perfect score on the TQI scale. Kia led the way in the mass market segment while Audi, followed closely by […] [Read More]