Nick Zulovich, Staff Writer

Seven Democratic lawmakers are trying again to push legislation that would prohibit the retailing of vehicles with an unfulfilled recall; a plan prompting the two largest dealership associations to reiterate their objections and explain the potential unintended consequences. Amid all the hubbub over healthcare and the... Read More

AuSM Staff

Fueled in part by its used-vehicle performance, Lithia Motors posted its 27th consecutive quarter of record results, including the highest second quarter revenue and earnings per share in company history. Helping Lithia to those achievements were used-vehicle retail same-store sales increasing by 4 percent. All told,... Read More

AuSM Staff

As Asbury Automotive Group chose to leave its standalone used-car store business, Sonic Automotive’s dedicated used-vehicle rooftops are adding so much to its performance that the company is expanding the segment. Sonic highlighted on Friday that it retailed a record number of used vehicles during the second... Read More

AuSM Staff

Paced by a 25.1 percent jump in used-vehicle retail sales, Penske Automotive Group reported on Thursday that the company posted the highest quarterly income from continuing operations and earnings per share in company history during the second quarter. Penske highlighted Q2 income from continuing operations attributable... Read More

Group 1 sets F&I gross profit per unit mark

AuSM Staff

Group 1 Automotive established a new record gross profit per unit through its F&I department during the second quarter. But softened used- and new-vehicle sales in areas where the bulk of its dealerships are located — Texas and Oklahoma — left a significant impact on the dealer group’s top-line... Read More

July used sales expected to climb to 3.4M

AuSM Staff

While it appears new-car sales are continuing to lose steam, Edmunds is projecting that used-vehicle sales in July should climb when compared to the previous month. Edmunds is estimating that 3.4 million used vehicles will be sold this month, which would compute into an estimated seasonally adjusted annual rate (SAAR)... Read More

CertifiedCars.com relaunches website

AuSM Staff

CertifiedCars.com has relaunched with a new website, the online certified pre-owned vehicle marketplace said in a news release. The company said the new site is more intuitive and has easier navigation, new tools to browse and research CPO vehicles. It also has a side-by-side comparison of automaker CPO... Read More

AuSM Staff

The second-quarter dealer survey orchestrated by KeyBanc Capital Markets confirmed how used-vehicle and F&I performances are helping to pick up the slack dealerships might be experiencing within the new-car operations. The report shared this week with AuSM indicated trends in F&I gross profit per... Read More