With rising off-lease vehicle volume being described as a “tailwind,” the April dealer survey conducted by KeyBanc Capital Markets indicated that 71 percent of respondents posted an increase in used-vehicle sales during the month. But not only did the remaining 29 percent of dealers surveyed sustain a drop in used turns, it might have been […] [Read More]

For the fourth consecutive year, members of the KAR Auction Services group of companies — ADESA, AFC, Insurance Auto Auctions and TradeRev — will auction off a premier vehicle during the National Independent Automobile Dealers Association Convention and Expo to benefit the NIADA Foundation. Officials highlighted this year's vehicle is an ivory white 2015 Chrysler 300 […] [Read More]

Industry-wide certified pre-owned sales for May hadn’t been reported as of Thursday afternoon, but here is what we know so far, based on individual automaker sales reports. Kia sold 6,359 certified vehicles in May, up 12.1 percent year-over-year. Sales through five months, which have reached 29,525, were up by the same percentage. Mazda sold 3,178 […] [Read More]

On Thursday, more details emerged as to which specific makes and models are associated with the ongoing Takata airbag recall. Coming on the heels of a U.S. Senate report detailing how new models are being assembled with airbags that eventually will need to be replaced, the National Highway Traffic Safety Administration posted recall documents connected […] [Read More]

According to a U.S. Senate report released Wednesday, Fiat Chrysler, Mitsubishi, Toyota and Volkswagen are continuing to sell new vehicles equipped with faulty Takata airbags — knowing that these vehicles will have to be recalled by 2018. The automakers admitted during an investigation by Senate Commerce Committee Democrats that they are selling cars equipped with […] [Read More]

TechnoMetrica Market Intelligence didn’t have upbeat news for either dealerships or finance companies looking to turn new metal coming out of the holiday weekend. The firm’s Auto Demand Index (ADI) — which measures the intent of consumers to buy or lease a new vehicle within the next six months — registered a sharp decline in […] [Read More]

Asbury Automotive Group has opened a Q auto store in Holiday, Fla. The latest used-car standalone store was announced Friday and is the second facility in the Tampa market. There is an existing Q auto store in Brandon, Fla. Asbury also has a Q auto location in Fort Myers, Fla. Casey Coffey, president of Q auto, […] [Read More]

Not to ruin the holiday weekend for used-car managers or auction personnel, but Auto Remarketing collected announcements from automakers and the National Highway Traffic Safety Administration this week indicating the specific Takata airbag recalls for more than 8 million units in the U.S. Recall campaigns include vehicles from Honda, Chrysler, Toyota, Mazda, Nissan, Subaru, Mitsubishi […] [Read More]

With fewer weekends to move metal, most used- and new-vehicle sales projections from TrueCar, Edmunds.com and Kelley Blue Book consisted of varying degrees of softening against year-ago results. However, TrueCar’s used-vehicle sales projection for May was a bit upbeat as analysts expect this month’s total sales — including franchised and independent dealership turns as well […] [Read More]

TrueCar has hired former Autotrader executive Paul Edmonds as its senior vice president of dealer marketing and operations. His most recent post was at RiskIQ, an external threat Internet security company where he had been since December 2014. Prior to that, Edmonds had been in various roles with Autotrader and Trader Publishing Co. for 15 years. […] [Read More]