Auto Retail News

SANTA MONICA, Calif. — Edmunds.com, the premier resource for automotive information, forecasts that 1,198,538 new cars and trucks will be sold in the U.S. in February for an estimated Seasonally Adjusted Annual Rate (SAAR) this month of 15.5 millio

In what was a strong year for the retailer’s pre-owned department, Sonic  Automotive increased its used-vehicle retail sales by more than 6 percent for  both full-year 2012 and the final quarter of the year. Specifically, Sonic moved 23,943 used

As the company closed the year with the highest fourth quarter adjusted net  income in company history, Lithia Motors watched its used-vehicle division  continue to work toward the goal of turning 75 units per store monthly. On Wednesday, Lithia re

LOS ANGELES, CA – Westlake Financial Services Remarketing Department names their top auctions for 2012. Rawls Auto Auction (Leesville, SC) is named the Eastern Region Auction of the Year, Kansas City Independent Auto Auction (Kansas City, MO) t

Board Announces Quarterly Dividend of $0.19 per Common Share CARMEL, IN – KAR Auction Services, Inc. reported its fourth quarter financial results for the period ended December 31, 2012. For the fourth quarter of 2012, the company reported rev

After surviving what was quite possibly some of the worst economic conditions in automotive retailing in modern times, dealerships are regaining their footing with solid profitability and are now looking forward to the future. To begin looking at wha

Adapting your dealership and office to the customer’s experience is still a go-to tactic for good Customer Relations. Sources at F&I and Showroom talk missed opportunities and making up for lost time in this lively analysis: The best hitte

According to an article on F&I Magazine, Ally Financial beefs up dealer services. DETROIT — Ally Financial has enhanced services offered to dealers through its Performance Development Center and Relationship Management Center. Dealers will be o

Sonic Automotive finished rolling out its Sonic Inventory Management System this month and believes that once the company is fully acclimated to using the centralized inventory management tool, monthly per-store used unit sales can eclipse 100, event