Retail
Kia rolls out new prepaid maintenance plan
Auto Remarketing Staff
JM&A Group applauded Kia Motors America on Wednesday for the launch of its new prepaid maintenance plan — Kia Care Essential. The announcement came during the Kia National Dealer Meeting in Las Vegas. In keeping with Kia’s initiative of providing customers “good,” “better” and “best” choices, the automaker added Kia Care Essential, a one-year 15,000 […] [Read More]
Infiniti signs on with automotiveMastermind to access big data analytics technology
Auto Remarketing Staff
Infiniti dealerships throughout the country will now be able to work with automotiveMastermind to implement its predictive analytics technology, which provides dealer sales teams key insights and valuable consumer information unique to car shoppers, the company announced on Monday. Since the year began, Infiniti is the second OEM to partner with the predictive analytics and […] [Read More]
How dealers can capitalize on seasonal sales events
Chris Hart-Williams, Staff Writer
For dealers who have found themselves grappling with limited ad dollars, mirroring OEM ad spending during seasonal events is a strategy that can help maximize campaign efforts throughout the rest of the year. “Digital marketing has increased substantially over the past couple of years, all dealers are struggling to find ways to be competitive in […] [Read More]
3 economists dissect current CPO market condition
Nick Zulovich, Staff Writer
As one wholesale market economist called the certified pre-owned market one of the “good guys,” another economist specializing in the wholesale space offered a recommendation to make the CPO segment even better, especially for franchised dealerships. KAR Auction Services chief economist Tom Kontos, NAAA chief economist Ira Silver and Cox Automotive chief economist Tom Webb participated […] [Read More]
Ferrando to retire from AutoNation
Auto Remarketing Staff
AutoNation said Wednesday that Jon Ferrando — who is executive vice president – general counsel, corporate development and human resources — will retire from the company on March 31. Effective April 1, Coleman Edmunds will serve as acting general counsel and corporate secretary. He is currently AutoNation’s senior vice president and deputy general counsel. “I have enjoyed […] [Read More]
Penske buys N.J. Jaguar, Land Rover dealerships
Auto Remarketing Staff
Penske Automotive Group said Tuesday it has bought the Jaguar and Land Rover dealerships in Paramus, N.J., from the Prestige Family of Fine Cars. Penske expects the purchase to generate about $215 million in annual revenues. "We are pleased with the opportunity to add the Jaguar and Land Rover dealerships in Paramus to the Penske Automotive […] [Read More]
Considering if diesel investigations impact FCA significantly
Nick Zulovich, Staff Writer
Volkswagen absorbed significant monetary and reputation hits following controversy about emissions levels thrown by some of its diesel models. Kelley Blue Book senior analyst Alec Gutierrez considered the possibility Fiat Chrysler might face the same level of challenges since the automaker acknowledged it’s being investigated for a similar scenario. Included in the automaker’s latest filing […] [Read More]
Enterprise Fleet Management supervisor scores ASE World Class Technician Award
Auto Remarketing Staff
Enterprise Fleet Management announced that out of nearly 900,000 automotive technicians working in the U.S. — its management customer support supervisor Kelley Hatlee is one of only 16 individuals to earn the 2017 ASE World Class Technician Award from the National Institute for Automotive Service Excellence (ASE) and the Auto Care Association. Fewer than 2,000 […] [Read More]
NADA looks to improve financial literacy via Junior Achievement partnership
Auto Remarketing Staff
The National Automobile Dealers Association and the NADA Women Directors, in partnership with Junior Achievement USA, is teaching financial education courses to students through a volunteer program. The initiative, termed the NADA Financial Literacy Program, was launched during the NADA Convention in New Orleans in January. It grew from insight gathered over the past few […] [Read More]
8 OEMs off to strongest CPO starts in 2017
Auto Remarketing Staff
A deeper look into the latest certified pre-owned vehicle sales information compiled by Autodata Corp. showed eight automakers that often generate some of the largest CPO volume are off to strong starts again in 2017. Of those eight OEMs, each one has posted year-to-date CPO sales gains of at least 8 percent. Leading the charge […] [Read More]
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