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Used-car sales boost Lithia’s Q4 results as new-vehicle sales sag
Strong used-vehicle sales saved Lithia & Driveway’s otherwise somewhat disappointing fourth quarter results. And while used profits per unit were stagnant, Lithia sees considerable room to improve in that area. Older cars are the key. “I think there’s a stage and an evolution that occurs in selling used cars, that I think we’ve got the […]
Good news, challenging news in AutoNation’s used-car results
Here’s some good news: Used-vehicle gross profit for AutoNation was up 5% for the year of 2025, and that reflected increases in used retail and used wholesale, said AutoNation chief financial officer Tom Szlosek. Retail profitability per unit for the year was in line with 2024, but the not-so-good news is that it was modestly […]
NADA Show economic outlook panel: Used EVs will be an answer to affordability concerns
Affordability will continue to be a big concern for both dealers and consumers in 2026, said panelists at the “2026 Economic Outlook” session at NADA Show last week, and used EVs will offer one solution. They will be less expensive than a new vehicle, whether gas or electric, and used EVs will be plentiful because […]