Certified pre-owned sales in February beat year-ago figures by more than 10 percent, and the daily selling rate was just a hair away from being the best-ever, according to Autodata Corp. The firm estimates there were 197,499 CPO sales last month (based on brands reporting results as of Wednesday morning). This would be a 10.3-percent […] [Read More]

Certified pre-owned vehicles represented a larger slice of the sales pie,  and this helped bump up full-year transaction prices on used cars for the publicly traded dealer groups in 2014.  That’s according to the latest blog post on dealer group activity by Cox Automotive chief economist Tom Webb, who also explained how these higher prices combined […] [Read More]

As certified pre-owned sales results started to trickle in Tuesday, automakers (at least those reporting, so far) are seeing sales spike significantly from the first two months of 2014 — a trend that bodes well for continued certified market growth. Volvo impressed last month with a 58-percent boost in CPO sales in February. Its dealers sold 1,343 […] [Read More]

The National Highway Traffic Safety Administration said Hyundai Motor America is recalling more than 200,000 compact sedans to correct a steering issue. NHTSA indicated the recall includes Elantra vehicles from the 2008 through 2010 and manufactured from June 1, 2008 to April 30, 2010. The campaign also covers Elantra Touring vehicles from the 2009 and […] [Read More]

The American International Automobile Dealers Association announced today it has named a former Dealertrack Technologies and KAR Auction Services executive, who has also had prior experience with AIADA, as its vice president of member services. In the new position, Dan Barson will be responsible for the development of AIADA’s member services department, which currently includes 10 […] [Read More]

Auto Remarketing is launching its call for nominations for the Women In Remarketing Class of 2015. Don't miss the opportunity to honor the exceptional women of the remarketing industry, who drive businesses such as auctions, consignors, dealerships, captive finance companies and more. Do you work with a female colleague that deserves to be recognized? Or […] [Read More]

EchoPark Automotive — whose parent company’s president said “is not your mom-n-pop used-car store” — is showing some positive signs on the sales front in its few first months and has plans to roll out in a second market next year following its debut in the Denver area in November. During Sonic Automotive’s recent quarterly […] [Read More]

On Wednesday, U.S. Transportation Secretary Anthony Foxx announced that the National Highway Traffic Safety Administration issued an order requiring Takata to preserve all air bag inflators removed through the recall process as evidence for both NHTSA’s investigation and private litigation cases. Foxx added the order also ensures NHTSA’s access to all data from the testing […] [Read More]

Lithia Motors hosted its quarterly conference call on Wednesday to outline its end-of-year results for 2014. The overall highlights were led by the highest fourth-quarter and full-year adjusted net income in Lithia history as well as a 75-percent increase in fourth-quarter revenue from continuing operations compared to 2013. In the used market, the upward trend was […] [Read More]

AutoAlert LLC announced Tuesday its sponsorship of the Automotive Leadership Under 40 Retreat (ALU40). Auto Alert CEO Brian Skutta, who took the helm at the company in September, will also speak about his own experiences at the retreat, as well. The event, designed to recognize and bring together the industry’s up-and-coming dealer leaders, is scheduled […] [Read More]