AuSM Staff

Online used-vehicle retailer Carvana highlighted that its first-quarter revenue soared to a new record, increasing by 118 percent year-over-year. Unfortunately, the record revenue figure of $159 million wasn’t enough to overcome the company’s expenses that resulted in Carvana sustaining a net loss of $38.4... Read More

AuSM Staff

Along with announcing the newest addition to its national member benefit program the National Independent Automobile Dealers Association highlighted that for the fifth consecutive year, ADESA, AFC and IAA — all part of KAR Auction Services — will auction off a premier vehicle during the NIADA Convention and... Read More

Certified used-car sales up 7% for May

Joe Overby, Senior Editor

Certified pre-owned sales climbed 7 percent last month and three brands reported best-ever sales, according to Autodata Corp. The firm, which released industry-wide CPO numbers Friday morning, said in its report there were 237,445 certified sales in May, beating the 221,936 sales a year ago by 7 percent. Through five... Read More

AutoNation names new COO

AuSM Staff

AutoNation has a new chief operating officer. The retailer said Wednesday afternoon it has promoted Western region president Lance Iserman to the position. Effective Thursday, Iserman — who has been with AutoNation for more than 15 years — will be the company’s executive vice president of sales and... Read More

Independent dealers steer through challenges

Arlena Sawyers , Correspondent

More off-lease vehicles in the market, many of which don’t match consumer demand. More manufacturer recalls that stymie independent dealers’ ability to move vehicles quickly. More concern over interest rates and tightening credit. It’s more than enough to make the retail road ahead anything but... Read More

Used-car sales to dip modestly

Joe Overby, Senior Editor

Used-vehicle sales across the industry may move down sequentially this month, but the seasonally adjusted annualized rate should maintain, according to a forecast released Thursday by Edmunds.  The company is calling for 3.3 million used-car sales this month, following April sales of 3.4 million used units and... Read More

AuSM Staff

AutoNation has teamed up with Andretti Autosport's 2014 Indy 500 champion Ryan Hunter-Reay and Indy 500 rookie Jack Harvey for TV advertising campaigns that celebrate the company selling 11 million vehicles and raise cancer awareness. This month, Hunter-Reay kicked off AutoNation's, "Race to 11... Read More

NADA Show calls for workshop proposals

AuSM Staff

The NADA Show 2018, formerly the NADA Convention and Expo, will host a series of workshops for new-car dealers and their top managers next year and is inviting interested industry experts to submit workshop proposals. The deadline for submitting a proposal for the 2018 show is 11:59 p.m. (ET) on June 26. Proposals... Read More

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