Asbury Automotive Group’s used-vehicle department shined again during the third quarter as the company reported this morning that its used retail sales, revenue and gross profit all climbed by double digits year-over-year. The company said it retailed 18,715 used vehicles during the third quarter, a figure 29 percent higher than the 14,463 used units Asbury […] [Read More]

One hundred stores would only be the “tip of the iceberg” for the pre-owned retail specialty store program announced Monday morning by Sonic Automotive. “Think bigger than that, is what I would tell you,” said Jeff Dyke, Sonic’s executive vice president of retail operations, when asked by an analyst about the potential size of its […] [Read More]

The used-car retail sales market is looking “tepid” in October, according to CNW Research, but dealers might be able to find some more positive news in what the firm had to say about what has been happening in the certified pre-owned market lately. Not only are customers willing to shell out the extra money for […] [Read More]

Digital Air Strike and Cars.com formed a new partnership on Monday to create integration for customer verified reviews of dealerships. Digital Air Strike has built a direct customer survey integration process that can allow vehicle buyers and service customers to turn their dealership survey feedback into a dealer review on Cars.com — all without leaving […] [Read More]

During the Owners’ Business Meeting earlier this month bringing together the owners of the 32 ServNet auctions, the members of ServNet confirmed their planned leadership transition. Patty Stanley — the co-owner of Carolina Auto Auction and Indiana Auto Auction — takes on the role of ServNet president for the next two years. This meeting was […] [Read More]

Enterprise Car Sales debuted its first-ever television commercial on Monday as part of a broader campaign geared to highlight the Enterprise brand as a total transportation solution. The company indicated the commercial focuses on the ease of a negotiation-free used-vehicle buying experience, a strategy Enterprise began in 1962. With approximately 130 locations nationwide, Enterprise Car […] [Read More]

At least for now, wholesale and retail price trends are both moving in directions that benefit dealers, according to the latest analyses from Black Book’s Ricky Beggs and CNW Research. First on the wholesale side, Black Book indicated car prices dropped on average of $74 last week — about the same rate they have decreased […] [Read More]

Along with unveiling plans to roll out a “One Sonic-One Experience” guest experience initiative next year, Sonic Automotive announced this morning that it plans to open stand-alone pre-owned specialty retail sales locations next year. This pre-owned business will be run separately from Sonic’s existing new and used dealership sales operations, the company said. Sonic is […] [Read More]

In the second of three new honors to be handed out during Used Car Week, Auto Remarketing and SubPrime Auto Finance News announced the inaugural winner of the Re3 Executive of the Year Award presented by Consolidated Asset Recovery Systems. Earning this accolade from a group of qualified candidates who specialize in the repossession, recovery […] [Read More]

Lease subvention climbed more than 5 percent year-over-year in September, which was the first increase in seven months, according to Autodata Corp. data in the latest Guidelines report from NADA Used Car Guide. The report noted that this lease subvention increase occurred even as overall finance subvention fell 4.7 percent, per Autodata. And lease origination […] [Read More]