Virginia Gov. Terry McAuliffe announced Tuesday that Carfax plans to invest a total of $15.8 million to expand its headquarters and upgrade its nearby data center operation. Expecting to create 120 new jobs, Carfax’s current plans include a $5 million investment to expand its Fairfax County headquarters in Centreville, Va., as well as a further […] [Read More]

Certified pre-owned sales reports for November are just now beginning to surface, but here’s an early look at how some brands fared last month: At Ford, its CPO programs combined for 22,371 sales in November, compared to 22,552 in November 2014. Through 11 months, they have sold 270,194 CPO units, against 249,095 certified sales in […] [Read More]

Consumers hit the Web for Cyber Monday to start the week off with some shopping, and one North Carolina dealership took the vehicle deals it offered for the event beyond its website and onto Facebook. Bryan Honda, one of the state’s oldest dealerships, announced last week it would be selling vehicles in real-time directly within […] [Read More]

A year ago, if you were to consider used-car shoppers familiar with certified pre-owned, just under three-fourths of them would have expressed a positive opinion about CPO. This year? That jumps to 82 percent, according to the 2015 Autotrader CPO Study. Or, as Isabelle Helms said during her presentation at last week’s CPO Forum, “perceptions […] [Read More]

Reports surfaced late last week of Tesla’s voluntary recall of all 90,000 Model S sedans produced, but the recall is likely not going to impact the vehicle’s residuals or used prices as the automaker works on growing its certified pre-owned program. In fact, when asked if this recent move will impact used pricing or residuals for these […] [Read More]

On Monday, FCA US highlighted the national rollout of its Degrees@Work program and the newly developed Degrees@Work Family offering with Strayer University, designed to provide a no-cost, no-debt college degree to participating brand dealership employees and their immediate family members. The automaker believes FCA US is not only the first and only company in the […] [Read More]

FCA US announced Friday it appointed a new head of vehicle safety and regulatory compliance. Chosen for the position is Michael Dahl. The move is effective Dec. 1, and Dahl will be replacing Scott Kunselman, who previously announced his decision to retire. Prior to his new position, Dahl was the director of gasoline/diesel engine programs […] [Read More]

What are shoppers paying the most attention to when in the market for a new vehicle? Color and brand apparently pale in comparison to the importance new-car shoppers are putting on vehicle technology. That’s according to Autotrader's "2015 In-Vehicle Technology Shopper Influence Study," which provides insight into how vehicle technology impacts consumer vehicle purchase behavior. […] [Read More]

Cherokee Media Group president Bill Zadeits had a big surprise in store for him during today’s opening remarks at Used Car Week. The industry leader was chosen by the National Auto Auction Association as the 89th Warren Young Sr. Fellow. The lifetime distinction was presented to Zadeits by Mike Browning, the incoming NAAA president. NAAA […] [Read More]

Thirty-three percent – that’s the increase in lease maturities expected to possibly return to market in 2016 compared to this year – which translates to roughly 800,000 additional units on a year-over-year basis. That’s according to J.D. Power’s estimates provided by Larry Dixon, the senior manager of market intelligence at NADA Used Car Guide. Perhaps […] [Read More]