After years of new-vehicle lease growth, a surge in the flow of off-lease vehicles has started. It's already depressing prices of small cars -- used and new -- that consumers don't want anyway.
Cars.com and Pearl Technology have partnered to help dealers buy consumer-owned used vehicles. But dealers have to be quick to win the deal.
Asbury will add two smaller stand-alone used-vehicle stores in the Tampa area this summer, bringing its total there to four, after having closed its only large-format store in Jacksonville, Fla., in February.
On Jan. 1, it became legal in Texas to openly carry a handgun if the person has a license and the property owner does not display a sign banning the practice.
Avis Budget and Hertz sold risk vehicles in the first quarter to match softer demand for rental cars and to mitigate declining residual values.
Keeping employee turnover low is key to Bomnin Chevrolet's success. Doing so contributes to its repeat and customer referral business which accounts for 30 to 40 percent of its sales.
Dealer Norman Braman gives back to the Miami community by giving its young adults all-expenses-paid training to become service technicians.
Automotive News' annual list of the top 100 dealership groups based in the U.S. ranked by used-vehicle sales shows industrywide strong unit sales increases, with 43 of the groups listed posting gains of 10 percent or more.
KAR Auction Services, parent of ADESA, unveiled a new data science unit that will help commercial consigners find the most efficient marketplace for their vehicles.
The GM Factory Pre-Owned Collection's strategy is to help GM manage its flow of off-lease and retired rental vehicles now, with an eye on how consumers want to buy used vehicles going forward, said the program's manager.
BMW exec says the brand's lease pull-ahead program and CPO leasing will combine to help manage its growing volume of off-lease vehicles.
The number of GM-brand dealerships owned by minorities and women is set to grow in 2016.
Used-vehicle values, residuals and leasing are inseparable. When one hurts, the others suffer, too, analysts say.
Jenell Ross, president of Bob Ross Auto Group in Centerville, Ohio, received the 11th annual Barbara Cox Automotive Woman of the Year Award.
Dealers own the data they gather from consumers and are responsible for protecting it, a panel concludes.
To trade-in or not to trade-in? The state of the economy holds the answer, says a quarterly used-vehicle report to be released April 1.
Mickey Anderson, chairman of the National Toyota Dealer Advisory Council, allows his store managers to buy stakes in the dealerships they manage.
The used-vehicle drought, a remnant of the Great Recession, is almost over. The off-lease spigot is about to turn on in a big way.
Toyota dealers need more trucks to satisfy consumer demand, says the head of the National Toyota Dealers' Advisory Council. Beyond that, though, Toyota and its dealers have a great relationship, he said.
Toyota division's new lease program for CPO vehicles will give consumers another purchase option. It also gives the company another method to move an expected influx of off-lease vehicles.
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