How store eased rift between fixed ops and used-car salesMon, 05, Dec 2016
An inherent tension exists at most franchised dealerships between fixed operations and used-car sales. But at one large North Carolina dealership, that long-standing and bitter conflict has been amicably resolved -- by the accountant.
Penske to expand used-only storesMon, 05, Dec 2016
Penske Automotive Group has launched its own line of standalone used-car stores with the planned purchase of CarSense, which owns five used-only stores in the Philadelphia, Pittsburgh and southern New Jersey.
Penske acquires used-only dealership groupThu, 01, Dec 2016
Penske Automotive Group is adding used-only vehicle dealerships. The nation’s second-largest auto retailer has signed a deal to acquire CarSense, a stand-alone retailer of used vehicles with stores in Philadelphia, Pittsburgh and southern New Jersey.
Porsche to fix parked diesel Cayennes, sell them as usedFri, 25, Nov 2016
When a V-6 diesel fix is approved, Porsche will sell nearly 1,500 diesel Cayennes sitting in dealer inventory for the past year as used vehicles. Porsche Cars North America managed to get other Cayenne diesels initially allocated to the U.S. reassigned to Germany for redistribution elsewhere.
CarMax expands used-car store footprintMon, 28, Nov 2016
CarMax, extending its lead over other publicly held auto retailers entering the stand-alone used-car store market, continues its expansion, opening its first store in Michigan this month. Store No. 167, near Grand Rapids, puts the retailer closer to its goal of becoming a national brand.