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]

As potentially welcome news to dealers, wholesale price movement is expected to continue weakening this week, according to NADA Used Car Guide.  Prices are expected to decline by 0.3 percent or $50, relative to the two-week average. Breaking it down by segment, the midsize cars are expected to drop the most, by 0.8 percent or […] [Read More]

KAR Auction Services reported its first-quarter financial results late on Wednesday, highlighting rises in revenue, adjusted EBITDA and net income as well as the impact of Superstorm Sandy on the performance. The company’s revenue during the span ending March 31 came in at $557.6 million, marking a 10-percent increase compared to the first quarter of […] [Read More]

To dealers, knowing what a customer is looking for in a car is a crucial aspect of the sales process. Based on the results of a recent survey, NADAguides.com discovered five of the most important attributes customers considered when shopping for a vehicle. The site discovered that  fuel economy, ownership cost, brand perception, safety and […] [Read More]

The Presidio Group’s Automotive Retail Buy-Sell Report reinforced why executives from Sonic Automotive, Lithia Motors and Penske Automotive Group talked about potential store acquisition so much recently. Report authors said lift in dealership buy-sell activity is being driven by a rising economy, higher dealership profits and attractive borrowing terms for dealership buyers. After the first […] [Read More]

What the finance company and automaker said was coming back in February became a reality on Wednesday as Santander Consumer USA and Chrysler Group officially launched its new private-label, full-service lending program. Chrysler Capital is designed to offer a broad spectrum of financing services for Chrysler customers and dealers. Under a 10-year, private-label agreement announced […] [Read More]

Edmonton-base dealership group Go Auto announced this week it has opened a new luxury location. The new store, Infiniti South Edmonton, complements the services of Ericksen Infiniti (located on the north side of the city), the company said. With this addition, the Western Canada Go Auto dealership group now has over 30 locations and an […] [Read More]

On Tuesday, Mercedes-Benz USA revealed a series of management changes, effective today, including naming a new general manager of fleet and pre-owned. Appointed to the position is Kurt Cornell, who most recently served as an area manager for the Western region. “In his new role, Cornell will be responsible for volume, customer experience and profit […] [Read More]