Used-car sales show improvement from January

Joe Overby, Senior Editor

If the latest projections from Edmunds are any indication, look for an improvement in retail used-car sales this month. Edmunds expects February will end with 3.5 million used-car sales, which would beat January’s 3.1 million pre-owned sales. That would translate to a seasonally adjusted annualized rate of 39.1... Read More

NHTSA unveils new compliance assistance program

AuSM Staff

On Monday, the National Highway Traffic Safety Administration (NHTSA) announced the creation of a compliance assistance program to help regulated entities, including vehicle and trailer manufacturers,  as well as equipment manufacturers comply with safety regulations as a means to promote safety on our... Read More

Group 1 eyes more dealerships

Arlena Sawyers , Correspondent

Group 1 Automotive is looking for new-car dealership “opportunities” in the United States, United Kingdom and Brazil markets, the company said during its recent quarterly conference call. And as far as the standalone used-car store concept that has become increasingly popular, Group 1 chief... Read More

KBB introduces new market-reflective CPO Price Advisor

AuSM Staff

Kelley Blue Book has introduced the CPO Price Advisor, which is a new source for certified pre-owned vehicle pricing that has been added to its Price Advisor product suite. CPO Price Advisor pricing information is based on recent certified vehicle sales transactions and is adjusted for local market conditions and... Read More

3 factors likely to buoy CPO sales

Arlena Sawyers , Correspondent

Volkswagen’s diesel emissions scandal is in the industry’s rearview mirror, and Bob Cockerham is excited about selling repaired certified pre-owned Volkswagen turbo-diesel cars — the only VW CPO vehicles that come with a two-year, unlimited-mile warranty. Cockerham said those emissions modified cars... Read More

AuSM Staff

Affinity Auto Program, which manages the Costco Auto Program, announced Tuesday that sales in 2017 surpassed two company records. Both total unit sales for the program overall and total unit sales during Costco's annual three-month Holiday Sales Event were record-breaking, the company said. According to... Read More

AuSM Staff

CarMax has once again made the list of "100 Best Companies to Work For" released by FORTUNE magazine. This year, the used-car retailer took spot No. 34 for its 14th consecutive year of making the list. "This award recognition is a direct result of the culture created by our... Read More opens 3rd Florida dealership

AuSM Staff announced Wednesday that it has opened Broward, its third location in Florida that includes a 28,515-square-foot building, along with more than 400 cars on a four-acre lot. The company said it will employ up to around 80 full- and part-time employees at the new location. belongs to the... Read More

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