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Affordability, satisfaction put EchoPark in the ‘catbird seat’
Sonic Automotive thinks of its EchoPark used-vehicle business as “the Costco … of the pre-owned world.” Sonic’s president Jeff Dyke made that comment during Sonic’s fourth quarter 2025 earnings call on Wednesday. Although he didn’t immediately explain what he meant by the Costco comparison, he said later that EchoPark’s combination of being a low-cost provider […]
Driven by dealer & commercial strength, OPENLANE sells nearly 1.5M vehicles in 2025
At the start of last year, OPENLANE CEO Peter Kelly challenged his teams with four key annual goals. Those were: to grow the customer base and vehicle transaction volumes, improve financial performance, and position OPENLANE for long-term success. During the webcast to announce OPENLANE’s fourth quarter and full-year 2025 earnings results, Kelly said the company […]
Group 1 used GPU took a dive in 2025 but CEO sees sunnier skies in 2026
Group 1 Automotive sold more used vehicles in the fourth quarter and for all of 2025 than in the previous year, but made less money from those sales. Executives in the earnings call put a positive spin on the news, however. “Our used GPUs in the U.S. are higher today than pre-COVID. They’re lower than […]