Asbury Automotive Group’s less-is-more used-car strategy is making headway. The dealership group’s fourth-quarter 2024 financial results showed a $19 rise in gross profit per used unit retailed on a same-store basis from the previous quarter, while unit sales declined just 1% — just the sort of results president and CEO David Hult was hoping to see. “Our performance in used vehicles is consistent with our shift in ... [Read More]

Entering 2025, auto dealers are having to address continued changes with inventory acquisition plans, primarily due to volatile wholesale prices and a scarcity of quality vehicles at auctions. Traditional methods, such as relying on trade-ins and auction purchases, have become ... [Read More]

RockED is taking another leap into automotive high-tech education. The mobile auto industry sales enablement platform has partnered with Impel, a provider of automotive artificial intelligence technology, to launch the industry’s first standardized AI certification. The automotive AI certification program ... [Read More]

With dealership profitability down over the past two years, EFG Companies wants to give auto dealers a way to boost their personal wealth creation strategies. To that end, the F&I and reinsurance provider has introduced its Wealth Builder Profit Participation ... [Read More]

Retail used-car shoppers may want to strike while the iron’s hot. (And the metal is relatively inexpensive to move). Especially considering what could be on the horizon in the wholesale used-car market ... [Read More]