Following the success of CarMax, Lithia Motors will launch a national used-car superstore chain. Even though AutoNation couldn't make the model work, Lithia says the strategy can work with proper execution. Lithia already ranks high in used-car margins among publicly traded auto groups.
An earlier JD Power study estimated the typical price gap between a certified vehicle and comparable non-certified model at nearly $1,700. A new study narrows the gap to $361. The company cites difference in study methods for the disparity.
CNW Research reports a shortage of vehicles in the 3-to-5-year-old range. So dealers are ramping up prices for these vehicles. Fewer off-lease vehicles, longer finance contracts cited for shortage
What do you get when you merge two online auto auctions? Well, one "great" online auto auction called ATC-Onlane, Inc, of course! Rapid growth in its first year is a good indication of how successful the company will be with more than 30,000 registered dealers already onboard.
The NHTSA is responsible for testing crash safety of new vehicles. Tighter standards are in the works now that 90% are getting 4 or 5 out of 5-star ratings. Automakers want emphasis to be placed on driver behavior.