There’s a new No. 1 at the top of Automotive News’ annual used-vehicle ranking — acquisition-fueled juggernaut Lithia Motors Inc.
The ranking has also been revamped and has returned to a list exclusively featuring franchised dealership groups. That means the list’s longtime leader, CarMax Inc., has departed, as have online used-vehicle retailers Carvana Co., Vroom Inc. and Shift Technologies Inc. The change was spurred in part by CarMax’s sale in late 2021 of its last franchised dealership.
Those used-only giants will be part of a new list debuting May 22. Used-vehicle retailers, please let us know who you are so you can be considered. Submit your contact information to the Automotive News Research & Data Center at autonews.com/usedretailsurvey.
Meanwhile, check out our extensive analysis of the top 100 dealership groups based in the US and ranked by used-vehicle retail sales. Lithia’s ascent to the apex of the used list just follows its toppling of AutoNation to lead Automotive News’ latest ranking of the top 150 dealership groups in the US by new-vehicle sales.