Even before the major winter weather hit much of the country in February, it seems shoppers were already in the market for more snow-efficient models. Last month, demand for small and midsize trucks rose, making these desirable units hard to find on dealer lots. That’s according to January’s scarcity data for CPO and used vehicles […] [Read More]

Among the handfuls of records that Sonic Automotive reported in its fourth-quarter and full-year 2014 results on Tuesday were a few all-time highs in its used-car department. Starting with the fourth quarter, Sonic reported record Q4 used-car unit sales of 26,406 units as well as record Q4 pre-owned gross profits of $37.8 million. Sonic posted […] [Read More]

TrueCar announced that it has partnered with several AAA locations in the western United States to provide upfront pricing information via its network of TrueCar Certified Dealers. The program, which began this month, allows AAA club members to go to their respective AAA car buying website to find vehicle pricing information. “Part of TrueCar’s heritage […] [Read More]

The latest Used Car Market Report from Edmunds.com indicates that lease penetration in 2014 reached 27 percent, just five years after rates fell below 17 percent. One of the segments of the car business that has been a big beneficiary of the rampant bounce-back in leasing has been the certified pre-owned business. “New-vehicle leasing continues […] [Read More]

The American International Automobile Dealers Association highlighted some of the speakers who will be a part of the organization’s ninth annual International Auto Industry Summit that runs on May 11 and May 12. The event’s opening dinner will be headlined by Robert O’Neill — a renowned member of Navy SEAL Team 6 — who will […] [Read More]

Coming off the fourth record year in a row for certified sales, the market is at an all-time high. That’s according to analysts at Edmunds.com, whose latest Used Vehicle Market Report shows that 2014 CPO sales hit an all-time record of 2.3 million. Interestingly, though it wasn’t a record year for used-car sales overall, the […] [Read More]

Although the prevalence of certified pre-owned has certainly increased in recent years, it still represents less than a quarter of used-car sales. Or, as AutoTrader.com president Jared Rowe put it: “That’s a lever we haven’t fully pulled.” Rowe was speaking last week at the 2015 Digital Summit , an event at Google’s Mountain View, Calif., headquarters […] [Read More]

On Wednesday, Edmunds.com announced the winners of its Five Star Dealer Awards, which spanned across 51 metropolitan markets in the United States. The awards program is in its third year, and the awards recognize dealers who earned the the highest marks for customer satisfaction in Edmunds.com's Dealer Ratings and Reviews. "We at Edmunds.com believe in putting […] [Read More]

FCA US LLC — formerly known as Chrysler Group LLC — announced this week it has promoted a new vice president of dealer network development. Taking on the position is Alistair Gardner, who will take on the new role in addition to his current position as president and chief executive officer of the Chrysler Brand. […] [Read More]

Following news of the AAA Mid-Atlantic’s recent venture into the car-buying service sector of the auto business, Auto Remarketing decided to reach out to our home state's chapter, AAA Carolinas, to see how one of the organization’s founding members of the auto-buying service does business. Greg Pence, the manager of the auto buying service for AAA […] [Read More]