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.
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