There’s a lot of chatter regarding the new-vehicle sales heading into the winter, with Kelley Blue Book’s most recent estimate at 17.4 million for the year. But dealers aren’t just concerned with the flash of new sales — they know many of those vehicles will be coming back to their lots eventually, and they want to […] [Read More]

The certified pre-owned market has already eclipsed 2 million sales for 2015, which appears to be the fastest the industry has ever reached this mark in a year.   Autodata Corp. said Wednesday that the year-to-date CPO sales tally through 10 months is at 2.14 million, a full 10 percent ahead of last year’s pace. […] [Read More]

Honda announced Tuesday it will voluntarily recall roughly 35,000 model-year 2016 Pilot vehicles in the U.S. to update their combination meter software free of charge. According to the company, no market occurrences have been reported related to this non-compliance issue which was discovered via internal testing. Honda says that the software error in the combination […] [Read More]

Two-hundred million dollars. That’s the high end of the fine that vehicle-part manufacturer Takata will have to pay the Department of Transportation’s National Highway Traffic Safety Administration for its indiscretions in violating the Motor Vehicle Safety Act with its handling of defective airbag inflators. With an initial penalty of $70 million due in cash, the […] [Read More]

If you’re hungry for some certified pre-owned sales data (and really, who isn’t?) and can’t wait until industrywide numbers are reported, here’s an early rundown of folks sharing October results thus far. Kia posted had its best October ever for CPO, with 5,025 sales. This was up 17.57 percent year-over-year. In 10 months, Kia has […] [Read More]

Auto Remarketing and SubPrime Auto Finance News on Tuesday highlighted the winner of this year’s Re3 Executive of the Year Award, which is being presented by Consolidated Asset Recovery Systems. This year’s winner is Scott Phillips, who is vice president of credit risk and business process at Lendmark Financial Services, which was founded in 1996 […] [Read More]

Millennium Capital and Recovery continued its series of strategic additions to its executive management team by recently tapping Jeffrey Marsh as chief business development officer. The company emphasized Marsh’s addition further demonstrated Millennium’s commitment to current and future clients through the continued strengthening of its leadership team with Steve Todd serving as senior vice president […] [Read More]

Results from eBay Motors’ Future of Automotive Shopping Survey show that nearly 70 percent of consumers have searched for dealership information via their mobile device. Company officials also pointed out the survey findings indicated consumers — especially younger drivers ages 18 to 29 — expect technology be used to enhance the vehicle-buying experience and are more […] [Read More]

Ally Financial announced this week it has donated $10,000 to the Granite State Children’s Alliance in honor of this year’s 2015 TIME Dealer of the Year winner. The winner, Andy Crews, is the president and chief executive officer of AutoFair Honda in Manchester, N.H. The selected charity, Granite State Children’s Alliance, operates four child advocacy […] [Read More]

In response to company growth, LeasePlan USA announced Tuesday it has hired a new vice president of client relations regional sales. Bringing over 18 years of professional fleet management experience to the role is George Hodge, who is now responsible for strategically guiding fleets to reduce costs and create efficiencies for a portfolio of accounts […] [Read More]