Coming in a quarter when its earnings rose 2.6 percent, Sonic Automotive announced this morning that the group’s dealerships set a new company record for used-vehicle sales volume during the month of March. Sonic said its stores retailed nearly 9,400 used models in March, pushing its quarterly total to 26,469 vehicles. That figure is up […] [Read More]

Auto and truck dealers who missed workshops at recent industry conventions have a second chance to find that information, online. The National Automobile Dealers Association has announced that workshops held at the 2013 NADA Convention, as well as the American Truck Dealers Convention, are now available online at www.NADAUniversity.com. “If you couldn’t make it to […] [Read More]

Under a backdrop of either pollen or snow, Black Book editorial director Ricky Beggs believes three spring market conditions sprouted last week. In his latest edition of Beggs on the Used Car Market, Beggs highlighted that lane action and weather conditions made lot attendants in strong demand since “pollen has fallen and created more yellow […] [Read More]

In reviewing wholesale price movements from last month, RVI Group pointed out that full-size sedans and luxury full-size sedans, respectively, had the greatest sequential price easing during March, while the industry’s overall movement was an uptick of 0.1 percent. Specifically, the RVI Used Car Price Index came in at 1.462 for March. Overall wholesale values […] [Read More]

Experian Automotive released findings from an analysis of the hybrid vehicle segment in honor of Earth Day on Monday, showing that market share of hybrid models has increased by 40.9 percent since 2011. The share for hybrids moved up from 2.2 percent in 2011 to 3.1 percent last year. While hybrid vehicles still only make […] [Read More]

When it comes to younger generations, are cars going the way of the dinosaur? Not quite — but there are some very interesting trends in driving/car purchases, technology use, city living and the correlation between them all. Let’s start this story by traveling back to the days of the carhop and the drive-in movie theater, […] [Read More]

Following last week’s fertilizer plant explosion in West, Texas, the General Motors Foundation has announced a $100,000 grant to the American Red Cross to aid emergency relief efforts. The funds will help provide shelter and meals for affected families, and aid the Red Cross in preparing for and responding to disasters in the Lone Star […] [Read More]

DAA Northwest simply“Can’t Fight This Feeling” and is going back to the 1980s this summer for its Rock & Roll Sale. Headlining the annual event will be REO Speedwagon, who rocked the 80s with hits like “You Take It on the Run,” “Keep on Loving You” and “Can’t Fight This Feeling.” [Read More]

The new-vehicle selling rate remains strong this month, driven by consumers looking to replace aging rides, according to a monthly sales forecast developed by J.D. Power and Associates' Power Information Network and LMC Automotive. But what does this mean for the used market? To find out, Auto Remarketing chatted with Deirdre Borrego, vice president and […] [Read More]

In discussing the retailer’s first-quarter performance during a conference call last week, AutoNation chairman and chief executive officer Mike Jackson continued to be “frank” about how the company’s used-vehicle operation has performed. Listeners were reminded of quarterly calls in 2012, when management stressed the need for used-vehicle improvement. Fresh off the first quarter of 2013, […] [Read More]