Car-buying season: May through September. What will it bring for used dealers? On Thursday, Carfax reported that it is expecting 22.1 million used-car sales over the next few months. Interestingly, the company explained that history shows that more than half of all used cars sold this year will be bought in the next five months. [Read More]

In the first quarter, Group 1 Automotive pushed its consolidated used-vehicle retail revenue up by a double-digit percentage as retail used unit sales climbed 12 percent. The retailer released first-quarter financial results on Thursday; within its consolidated results (which include the U.S and international operations), used retail revenue came in at $471.4 million, a 13.6-percent […] [Read More]

Ally Financial this week announced its presentation of funds to a charity selected by this year’s TIME Dealer of the Year. After naming Michael Alford of Marine Chevrolet Cadillac the winner of the 2013 award earlier this year, Ally executives were in North Carolina this week to present a $10,000 grant to Alford’s chosen charity, […] [Read More]

Auction Export, an Internet company specializing in the purchase and export of vehicles from the United States and Canada to buyers around the world and a marketing alliance partner of Insurance Auto Auctions, rolled out a new Web tool on Thursday. Officials introduced GOLIVE, what they described as a unique Web tool that can enable […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE NEW YORK — When company leadership highlighted its first-quarter performance earlier this week, Ally Financial discussed its objectives for continuing to work with Chrysler franchised dealers even though its exclusive agreement with the automaker expired on Tuesday. Ally Financial president Bill Muir acknowledged one of the biggest […] [Read More]

WASHINGTON, D.C. — Extended warranties and other products appear to be the next regulatory target in the F&I office, according to a report by the Wall Street Journal. The report indicated officials familiar with a Consumer Financial Protection Bureau investigation said the agency recently issued subpoenas to U.S. auto lenders over the sale of extended […] [Read More]

CARY, N.C. — Planning on attending the Used Car Week 2013 conferences? Along with a new event focused the subprime finance industry, attendees are in for a treat, as the Used Car Week Golf Outing will be held this year at Torrey Pines'  highly acclaimed South Course. Located in La Jolla, Calif., Torrey Pines Golf […] [Read More]

PHOENIX — Coming off a quarter when the company sold 2 percent more vehicles, DriveTime Automotive Group recently opened its newest store, branching deeper into Georgia. DriveTime's newest location is located at 5935 Veterans Parkway in Columbus, Ga. The company highlighted this dealership consists of more than 5,300 square feet with the capacity to hold […] [Read More]

As Candian certified pre-owned sales numbers for April came rolling in, double-digit sales increases and best-ever months were shared across the drawing board, with one company notching its best April ever, and year-to-date sales increases in most every report Auto Remarketing Canada received. Over at Volkswagen Canada, the company sold 1,310 CPO vehicles this past […] [Read More]

Tight wholesale inventories have forced dealers to look far and wide for used vehicles. Now based on information CNW Research uncovered in relation to April’s used-sales performance, buyers are going farther away from home to find the model they want. As April used sales inched up 0.7 percent higher compared to a year ago, CNW […] [Read More]