Arlena Sawyers , Correspondent

Dealership buyers who are seeking economies of scale and scope for their businesses and dealership sellers bent on getting as much as they can for their stores while the getting is good, are strengthening an already active buy/sell market. Erin Kerrigan, managing director of Kerrigan Advisors, a dealership buy/sell... Read More

AuSM Staff

As the industry counts how many used vehicles were retailed during March, the dealer survey orchestrated by KeyBanc Capital Markets in February gauged how stores continue to have some struggles despite rising turns in their used departments. Survey orchestrators reported that gross-profit trends continued to reflect... Read More

AuSM Staff

SiriusXM and Enterprise Car Sales announced Monday the Enterprise Rent-A-Car brand is the latest to join the SiriusXM Pre-Owned Program made up of nearly 30,000 dealers. Enterprise Car Sales pre-owned customers who purchase vehicles factory-equipped with SiriusXM can now receive three-month subscriptions to the... Read More

AuSM Staff

After announcing earlier this week it entered the Denver market, ecommerce platform for buying used cars Carvana revealed Thursday it has also launched its newest car vending machine in Tampa, Fla. The automated, coin-operated marching is eight stories high and holds up to 32 vehicles. This is the company’s second... Read More

Nick Zulovich, Staff Writer

Three leading automotive analysis outlets are projecting a typical bump in new-vehicle sales usually seen in March. But at least one expert is seeing the potential softening new-model retail sales being a propellant for used-vehicle turns, which already are expected to improve in March. Edmunds estimated 3.7 million... Read More

AuSM Staff

One of Honda’s leading certified pre-owned dealers —  New York’s Paragon Honda — is making moves it says are to keep up with evolving customer expectations. In partnership with its marketing agency Team Velocity, the dealership worked with Google to develop a service and maintenance app that... Read More

AuSM Staff

With conference season in full swing, the National Independent Automobile Dealers Association continued preparations for its big event this summer by aligning with a trio of service providers aimed at helping operators who do not have a direct connection to an automaker. DriveItAway, the first company dedicated to... Read More

GM more upbeat about used market than a year ago

Nick Zulovich, Staff Writer

General Motors president Dan Ammann acknowledged the situation involving overall off-lease volume in the wholesale market and how the automaker and its captive — General Motors Financial — set residual values created some notable stress. “We were just saying last night that when we were together a year... Read More

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