AuSM Staff

Along with Doggett Auto Group’s acquisition of Houston's large Lone Star Ford automotive dealership, the industry has also seen a sizable en bloc purchase of 10 Canadian stores north of the border this week. Leslie Doggett Industries' affiliate the Doggett Auto Group has acquired... Read More

Chris Hart-Williams, Staff Writer

Executives with Group 1 Automotive have touted new efforts to capitalize on the higher mileage spectrum of the used-car market through the company's latest pre-owned car project: Val-U-Line, a proprietary brand for high-mileage pre-owned vehicles. It was in the first quarter that the company launched... Read More

Nick Zulovich, Staff Writer

A pair of top Sonic Automotive executives reiterated the potential of its chain of dedicated pre-owned stores — EchoPark — not just because of the project’s capability of retailing used vehicles for a strong margin and building long-standing customer bonds. Furthermore, the top Sonic brass is pushing... Read More

Joe Overby, Senior Editor

Roger Penske was answering a question specific to the retailer’s operations in the U.K., but the sentiment, perhaps, is universal when it comes to the standalone used-car stores at Penske Automotive Group. Responding to that inquiry during the Q&A portion of the company’s quarterly conference call,... Read More

Nick Zulovich, Staff Writer

Lithia Motors leadership discussed people in significant detail during its first-quarter conference call with the investment community. Lithia is keeping close tabs both on individuals who employed by the dealer group as well as its customer base that is exhibiting changing behavior. Lithia president and chief... Read More

Arlena Sawyers , Correspondent

Asbury Automotive Group will spend the rest of the year focusing on parts of its business it can control and expects to invest in excess of $10 million on its omni-channel strategy, company executives said. “Our plan for the remainder of 2018 is to focus on the aspects of the business that we can control,... Read More

Sonic establishes 6 new records during Q1

AuSM Staff

Sonic Automotive sure enjoyed a record-setting first quarter as the dealer group reported six different new milestones as a part of its latest financial statement released earlier this week. Sonic said it posted new highs within six different metrics, including a trio related to its used-vehicle and F&I... Read More

3.5 million used-car sales likely for April

Joe Overby, Senior Editor

Used-car sales this month are likely to decline modestly from March, but the seasonally adjusted annualized rate should remain steady. That’s according to an analysis released this week by Edmunds, which projects April used-car sales of approximately 3.5 million units. That would be down from 3.7 million in... Read More

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