F&I revenues climb at Group 1, fall off at Asbury
Automotive retailers Asbury Automotive and Group 1 Automotive are increasing cash reserves as vehicle sales...
Carmakers headed for 50% sales plunge breathe sigh of relief
Automakers are headed for a less-drastic U.S. sales collapse than feared, according to market researchers....
AutoNation CEO Cheryl Miller taking leave for health reasons
AutoNation Inc. granted Chief Executive Officer Cheryl Miller a leave of absence for health reasons...
Pandemic spurs online-only auction sales at Manheim
Manheim, the auto finance industry’s hub for dealer auction sales, is shuttering its physical auction...
Fintech CarOffer creates used-car ‘stock exchange’
Auto lenders are using a new, digital, wholesale sales platform to liquidate their off-lease inventory...
Asbury Automotive exits Mississippi market
Asbury Automotive is pulling out of the Mississippi auto market, according to the company's fourth-quarter...
Wholesale used-vehicle prices climb in July
July’s used-vehicle prices on the wholesale market increased 2.6% year over year, pushing the Manheim...
Decline in Used-Vehicle Inventory Dampens Dealer Sentiment
Used-car sales – a driver behind recent market strength – may slow as used-vehicle inventories...
