AuSM Staff

CarMax posted double-digit increases in both net earnings and used vehicles retailed during the second quarter of its fiscal year. And the company highlighted on Friday that CarMax achieved those results even though six stores in Houston were closed for a week because of Hurricane Harvey, creating a “modest... Read More

Football legend Saban among NADA keynote speakers

AuSM Staff

While NADA Show 2018 takes place during the height of college basketball’s March Madness championship run, one of its five keynote speakers has a few rings of his own from the college football world. On Thursday, the National Automobile Dealers Association announced the keynote speakers for its annual convention,... Read More

How much insufficient training is costing dealerships

Nick Zulovich, Staff Writer

The data points Cox Automotive found through its dealership staffing study are startling. Stores have a 67-percent annual turnover rate among its sales teams, and the average cost of hiring a new dealership employee is $10,000. Perhaps one of the primary reasons dealerships are burdened by those personnel challenges... Read More

AuSM Staff

Larry H. Miller Dealerships announced Wednesday that it collected nearly $23,500 in school supplies during the company’s “Stuff for Students” campaign this summer.  Throughout August, 11 participating LHM dealerships’ stuffed a vehicle with much-needed school supplies. In partnership... Read More

Autotrader names September's top CPO deals

AuSM Staff

In time for this upcoming fall shopping season, Autotrader’s September list of top picks for certified pre-owned deals includes attractive incentives from Volvo, which boasts seven years or 100,000 miles of comprehensive warranty coverage from the original sale date and zero-percent interest for up to 24 months on... Read More

AuSM Staff

Edmunds announced Wednesday that it has struck a new content collaboration deal with The Associated Press to produce articles for its "Behind the Wheel" column. Edmunds has signed on to provide weekly content to the AP column, which covers vehicle comparisons, car shopping tips, consumer advice and expert... Read More

CIADA honors NC dealer with top award

AuSM Staff

The Carolinas Independent Auto Dealers Association (CIADA) recently awarded its Quality Dealer of the Year Award to M&M Auto Sales in Lumberton, N.C., during a ceremony following the association's annual Expo. Brothers Chris Moore and Jerry Padrick Jr., who took over M&M Auto Sales from their... Read More

CPO share of franchised used-car sales up slightly

Joe Overby, Senior Editor

This year marked the best second quarter ever for the used-car market and the first time there has been more than 10 million used-car sales in Q2, according to Edmunds. Franchised dealers sold 2.95 million used cars during the quarter, and slightly more of those were certified pre-owned than in the same period of 2017,... Read More