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Tag: used vehicle


Industry Focus Areas, Motorized Vehicle

Penske Automotive expects Q2 profit as business improves

July 16, 2020

Via: Automotive News

Penske Automotive Group said its U.S. vehicle sales improved from May to June and the nation’s second-largest new-vehicle retailer expects to post a profit when second-quarter results are planned for release July 29. The retailer said Tuesday that it expects […]


Industry Focus Areas, Motorized Vehicle

Sonic updates Q2 outlook amid improving used-vehicle sales

June 16, 2020

Via: Automotive News

Used-vehicle sales for Sonic Automotive Inc. so far in June have been higher than a year ago for the retailer’s franchised and EchoPark locations. The rise in used-vehicle sales is part of a steady increase in overall operations since the […]


Industry Focus Areas, Motorized Vehicle

Manheim economist sees used-vehicle prices easing in 2016

January 11, 2016

Via: Automotive News

The number of off-lease vehicles slated to hit the market this year is expected to grow by more than 20 percent, but used-vehicle prices will decline only modestly in 2016, predicts Tom Webb, Manheim chief economist. Efficient remarketing practices by […]