Service departments face renewed pressures to recondition used vehicles

As new-vehicle sales -- and profits -- slump, franchised dealerships are placing greater emphasis on selling used cars and trucks. Inevitably, that also means a renewed focus among service departments on cutting the time and cost of reconditioning used vehicles for sale.

Carvana CEO targets speedy expansion

For Carvana, building scale is key to long-term success. The used-vehicle retailer now has a presence in 55 markets.

Small cars, big interest — for now

Used small cars drew lots of buyers at auctions March 16-23, pushing prices up the most in two years, as used-car dealers loaded up ahead of tax season.

Dealers battle pressure on used margins

Dealers depend on used-car profits to offset thinner new-car margins, but now used-car margins are under pressure, too, says Cox Automotive CEO Sandy Schwartz.

Email Newsletters
  • General newsletters
  • (Weekdays)
  • (Mondays)
  • (As needed)
  • Video newscasts
  • (Weekdays)
  • (Weekdays)
  • (Saturdays)
  • Special interest newsletters
  • (Thursdays)
  • (Tuesdays)
  • (Monthly)
  • (Monthly)
  • (Wednesdays)
  • (Bimonthly)
  • Special reports
  • (As needed)
  • (As needed)
  • Communication preferences