The National Highway Traffic Safety Administration has announced several sizeable recalls that were reported to NHTSA in March, the majority of which have remedies planned for April. The following data is provided by the NHTSA. Toyota Recalls Toyota is recalling certain model year 2015 examples of the 2015 Camry, Camry Hybrid, Highland, and Highlander Hybrid as […] [Read More]

Certified pre-owned sales for Asian and European brands both increased in the neighborhood of 2 percent in March, and five import brands reported best-ever CPO months. According to Autodata Corp., Asian brands combined to move 101,466 CPO vehicles, which beat March 2014 sales by 2.0 percent. First-quarter sales were at 275,622 (up 5.3 percent year-over-year). […] [Read More]

The Big 3 combined to move more than 84,000 certified pre-owned vehicles in March, including a record month for the Chrysler certified programs, according to Autodata Corp. Specifically, there were 84,064 CPO sales for domestic brands last month, an 18.2-percent year-over-year increase, the firm’s data set indicated. In the first quarter, they combined to sell […] [Read More]

TrueCar announced Monday it has hit a record for dealer enrollment during the first quarter. The site enrolled 840 dealerships in Q1, which marked the biggest-ever volume gain in the company’s history. The new additions brought the TrueCar Certified Dealer network to an all-time high of 10,680 franchised and independent dealer partners, which is up […] [Read More]

Last month’s certified pre-owned sales figure narrowly missed the all-time record set in August, but March ended up completing what was the best quarter ever for the CPO market, according to Autodata Corp. Not to mention, the daily sales rate in March (8,883) was the strongest ever recorded in a month, Autodata said, and six all-time monthly CPO […] [Read More]

CarMax hosted its quarterly conference call today, highlighting several company feats, including an increase in comparable-store used unit sales of 7 percent in its fiscal fourth quarter that ended Feb. 28, as well as an increase of that same metric for the year at 4.4 percent. Total used unit sales were up 12.4 percent in the […] [Read More]

The arrival of spring also appears to be bringing with it some strong certified pre-owned sales. A few automakers began reporting March results on Wednesday, which can be found below. Kia had an all-time record month with 5,986 CPO sales in March, marking a 55 percent year-over-year increase from March 2014's results as well as […] [Read More]

The certified pre-owned segment allows dealers and automakers to offer more options to consumer — it’s essentially an extra model in your lineup that can bring in customers who might not be able to afford a luxury model, says Mark Templin of Lexus.  But there’s something more important at play here, he said: protection of residual […] [Read More]

Enterprise Car Sales announced today that its locations near Kansas City will help raise funds for the March of Dimes Greater Kansas organization to help support the nonprofit’s Kansas City March for Babies event on May 3. The Enterprise locations in Independence, Mo. and Merriam, Kan. Will donate $100 for every vehicle sold in April […] [Read More]

Brand new research to hit the market is working to debunk the assertion that factors driving dealer success and profitability remain beyond the industry’s control. Instead, the new report — released by McKinsey & Company, in cooperation with NADA — titled,  “Fast Forward: How U.S. Auto Dealers Can Drive Sustainable Economic Performance in the Digital Age,” […] [Read More]