Sonic Automotive Inc’s EchoPark used-car stores retailed 8,762 units during the fourth quarter.


EchPark’s Houston store opened on Dec. 7 and was the company’s best EchoPark store opening to date. The Houston location sold 266 vehicles in the last three weeks of December and 373 vehicles in January.


Sonic executives expect the Houston store’s volume to reach the volume range of its Dallas location, which sells nearly 1,200 vehicles a month.


Sonic reported record fourth quarter pre-owned retail unit sales of 35,135 units between it EchoPark and traditional franchise stores.

Carvana Co. has launched in five additional Northeast markets.


Carvana now operates in: Westchester County, N.Y.; Barnstable, Mass.; Norwich, Conn.; Atlantic City, N.J.; and Trenton, N.J.


With this expansion, Carvana now offers as-soon-as-next-day vehicle delivery in 96 markets across the U.S.

Agora Data Inc., a Texas-based provider of technology solutions for the financial services industry, announced its joint newly launched integration functionality relationship with Auto Master Systems Inc. (“AMS”).


“Protecting our dealers from exposing loan data when they make their portfolios available for sale and giving dealers more liquidity is the mission of Agora,” said Steve Burke, founder and CEO.


AMS is a dealer management system designed specifically for used car dealers and finance companies. Through the integration with Agora, dealerships and finance companies will have their loan information concurrently available, where they can securely select loan pools for bidding or financing from a national network of lenders that acquire loan pools or finance them on the platform. The entire placement, bidding and acquisition of loan pools are completed inside the Agora platform, without exposing private customer data, transaction activity or collection notes to outside parties.


Since its launch in April 2017, Agora’s flagship loan exchange platform has rapidly revolutionized the secondary market for auto loans, allowing buyers and sellers to publish and exchange loan data directly in an efficient and secure environment without the need of intermediaries or brokers.

Columbus Fair Auto Auction (CFAA) will welcome American Honda Finance Corp.(AHFC) on Feb. 27.


AHFC will run 200 off-lease vehicles at its first sale.


The sale will also feature units from local Honda dealers, including: Roush, Lindsay, Hugh White and Germain.

Overall dependability for three-year-old vehicles improved 4 percent from last year, according to the J.D. Power 2019 U.S. Vehicle Dependability Study (VDS).


The study measures the number of problems experienced per 100 vehicles (PP100) during the past 12 months by original owners of three-year-old model-year vehicles. The 2019 study measures problems in model year 2016 vehicles.


A lower score reflects higher quality, and the study covers 177 specific problems grouped into eight major vehicle categories.


Lexus ranks highest in overall vehicle dependability among all brands, with a score of 106 PP100. This is the eighth consecutive year Lexus ranks highest.


Porsche and Toyota rank second in a tie with 108 PP100 each. Chevrolet and Buick round out the top five.


Chrysler is the most-improved brand, with a reduction of 65 PP100 since 2018.


General Motors Company receives five segment awards for the Buick LaCrosse, Buick Verano, Chevrolet Equinox, Chevrolet Silverado HD and Chevrolet Sonic.


Toyota Motor Corporation receives four segment awards for the Lexus ES, Lexus GX, Toyota Camry and Toyota Tundra.

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