Retail
Kia adds second straight J.D. Power initial quality honor as CPO sales soar
Auto Remarketing Staff
Kia Motors America leadership understood that the automaker surprised the industry last year when it topped the J.D. Power U.S. Initial Quality Study (IQS). As the 2017 study showed new-vehicle quality is at its highest level ever — improving 8 percent from a year ago — Kia celebrated again on Wednesday by taking the title […] [Read More]
Carvana names Oklahoma City 30th market
Auto Remarketing Staff
Carvana has expanded into Oklahoma City, the online used-vehicle retail platform's 30th market. “With the largest metropolitan area in Oklahoma and a growing local eCommerce landscape, we’re proud to reach our 30th market milestone in Oklahoma City,” Carvana founder and chief executive officer Ernie Garcia said in a news release. After completing the online purchase […] [Read More]
LHM Dealerships golf tourney raises $350K for charity
Auto Remarketing Staff
Larry H. Miller Dealerships recently raised more than $350,000 during the 2017 Larry H. Miller Dealerships Golf Classic, which for the past six years has brought together the group’s leadership team and business partners for a game of golf on behalf of its charity. Following the annual tournament, the donation was presented to the group’s charitable […] [Read More]
Honda revamps CPO website to showcase inventory
Auto Remarketing Staff
Honda’s certified pre-owned vehicle website (HondaCertified.com) has been completely redesigned to provide a more focused shopping experience, the company said Monday. The automaker has implemented a vehicle compare feature, a vehicle recommendations tool and an interactive payment calculator to help car shoppers find vehicles within their budget. On the new site, the primary focal point for shoppers […] [Read More]
NIADA names new president & Dealer of Year
Auto Remarketing Staff
New National Independent Automobile Dealers Association president David Andrews received the President's Ring during the National Leadership Awards Banquet at NIADA's 71st annual Convention and Expo at The Mirage in Las Vegas last week. The owner of City Auto in Memphis, Tenn., and other automotive enterprises succeeds 2016-17 president Billy Threadgill of South Carolina. Andrews began […] [Read More]
Franchised dealers eye opportunity in off-lease
Arlena Sawyers, Correspondent
Off-lease vehicle volume is rising, used-vehicle prices are falling and Brian Benstock, vice-president of Paragon Honda and Paragon Acura, counts it all opportunity. He’s looking forward to selling or leasing new vehicles to consumers when their leases expire and plans to buy a lot of those lower-mileage, off-lease vehicles for his thriving certified used-vehicle operations. […] [Read More]
NIADA welcomes Hudson into Ring of Honor
Auto Remarketing Staff
Respected automotive attorney Tom Hudson of Hudson Cook has been selected as the newest member of the National Independent Automobile Dealers Association’s prestigious Ring of Honor. Hudson became the 29th auto industry leader to be inducted into the Ring of Honor, NIADA's highest award for non-dealers. The award was announced during the National Leadership Awards […] [Read More]
AIADA heads to White House to talk tax reform & more
Auto Remarketing Staff
The American International Automobile Dealers Association went to the White House this week to participate in a meeting on tax reform with White House National Economic Council Director Gary Cohn and other auto industry leaders. Leading AIADA’s charge were president Cody Lusk, vice president of government relations Rachel Robinson and vice chairman and California dealer […] [Read More]
Kia notches another CPO record
Auto Remarketing Staff
Kia Motors America has now gone 16 straight months of certified pre-owned sales records, the company said Wednesday. Kia moved 7,008 CPO units last month, which beat year-ago figures by 10.2 percent and was its best May ever, according to Autodata Corp. Through five months of the year, there have been 33,414 Kia certified sales, […] [Read More]
CPO sessions at NIADA Convention
Auto Remarketing Staff
In addition to sessions on financing, regulatory moves, industry disruption and more, the NIADA Convention & Expo this week will include a host of certified pre-owned-related sessions. The event, which began Monday and runs through Thursday, is being held at The Mirage in Las Vegas. Among the CPO sessions are: "Winning the CPO Retail Battle […] [Read More]
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