Contained within a wide-ranging discussion, Group 1 Automotive highlighted how a 27.9-percent jump in the number of used vehicles retailed made up for a 12.1-percent dip in the gross profit per used model sold during the second quarter, a span that included a new company record for adjusted net income. Executives indicated during a conference […] [Read More]

Several of the nation’s publicly traded dealership groups have released their second-quarter performance reports in recent days and a common theme has been the strength in used-vehicle sales during the period. And for the overall used market — including independent dealers and casual sales, as well as franchised shops — CNW Research recently reported that […] [Read More]

July new-vehicle sales are expected to continue the surge dealers have been experiencing so far in 2012. In fact, the market is projected to hit a total new-car SAAR of 14 million this month, according to Kelley Blue Book. But that’s not all. July new-vehicle retail sales are also expected to post the second strongest […] [Read More]

For at least the second time this month, a group listed among Auto Remarketing’s top dealership groups for used sales has made a sizable business acquisition. On Thursday, Kenny Ross Automotive Group announced it has acquired the four-dealership Hamilton Automotive of North Huntingdon, in a deal worth between $8 and $10 million. The news was […] [Read More]

Finding the right used car is crucial to buyers, and every bit of information helps in sealing the deal. Now that information is available via a new tool, with the release of an Android version of the Carfax Vehicle History Reports mobile app. Carfax announced its new free app this week, saying it can help […] [Read More]

Auto Data Direct on Thursday reminded California dealers that it offers solutions so stores can access vehicle history reports from the National Motor Vehicle Title Information System, which became mandated on used vehicles offered for sale as of July 1. ADD pointed out that Golden State dealers must post a red warning label on the […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE HOUSTON — Five of the largest publicly traded dealer groups all watched their finance and insurance segments strengthen during the second quarter as new- and used-sales volumes climbed across the board for these companies. What's triggering the F&I surge? For Group 1 Automotive, Peter DeLongchamps quantified the […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} ONTARIO, Calif. — CU Direct Corp., the provider of lending solutions to credit unions […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE ARLINGTON, Texas — SFG Finance, a paper purchaser from buy-here, pay-here dealers franchised stores, finance companies, banks and credit unions, this week named a former Trac Lending and Autobytel executive as its new business development manager. Taking on the role is Stuart Levin, who will be charged […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} FORT WORTH, Texas — Digital Recognition Network surpassed an industry milestone this week with […] [Read More]