Used Car Price Gap Grows to $15K in Q3 Report
Edmunds’ latest Used Car Report finds high off-lease volumes have suppressed prices and widened the gap between new and 3-year-old models to an average of $14,951.
Edmunds’ latest Used Car Report finds high off-lease volumes have suppressed prices and widened the gap between new and 3-year-old models to an average of $14,951.
Asbury Automotive has agreed to acquire the Park Place group of dealerships, adding 17 Texas rooftops and raising Asbury’s highline revenue to approximately 50% of its total.
Former Allstate Dealer Services executive Michael Hurley has been named CFO and vice president of finance and planning for GSFSGroup.
DealerSocket announced the launch of Single Page Appraisal, a new feature available to users of the company’s Inventory+ platform.
President Donald Trump, House Speaker Nancy Pelosi, and factory and labor officials all cheered the imminent passage of a revised version of the U.S.-Mexico-Canada trade bill.
Franchised dealers in five states can now opt into Cadillac Live, a new sales platform that connects car shoppers with remote agents for real-time online demos.
Concerns over the economy and political climate failed to discourage franchised and independent retailers surveyed for Cox Automotive’s latest Dealer Sentiment Index.
F&I industry veteran Sherry Etheridge has joined TecAssured as director of client relations.
Experian analysts say buyers of pre-owned vehicles accounted for 55.15% of all U.S. auto loan originations in the third quarter, a 2.4% year-over-year increase.
National Auto Care announced the launch of NAC Connect, a new vehicle service contract that includes one year of free telematics service.
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