It appears as though some of the automotive manufacturers affected by the Takata airbag recalls have decided to utilize airbag parts manufacturers other than Takata to address the issue. For at least one make, it has decided to cease the use of Takata parts altogether. That’s according to witness testimonies at Tuesday’s hearing of the […] [Read More]

With the CPO market booming and on track for record sales this year, the National Independent Automobile Dealers Association is adding another element to its Certified Pre-Owned program. Announced during this week’s 2015 NIADA Convention & Expo, the association is expanding its partnership with Carfax to include the company’s vehicle history reports in its CPO […] [Read More]

Long gone are the days where a dealership could adequately maintain its inventories by utilizing traditional methods of vehicle acquisition alone. That’s according to the folks at Autotrader, who hosted the company’s Interactive Dealer Summit in the North Carolina capital last Thursday.    One of the workshops for dealers at the event, titled “The Frond-End […] [Read More]

RVI Group announced two vice president promotions within the company this week. First up, Rene Abdalah has been promoted to senior vice president and is responsible for RVI’s passenger vehicles business. Abdalah joined the company in 2002, and management said his “strong leadership, forward thinking mentality and commitment to continued product innovation have been key […] [Read More]

Considering the prolific nature of the current certified pre-owned vehicle market, iSeeCars.com decided to look a bit further into the CPO programs provided by manufacturers to see exactly how much of a premium their programs carry. As it turns out, the majority of car brands average less than $1,000 extra for their CPO vehicles when […] [Read More]

CarMax reported last week a spike of almost 10 percent in used-car sales for its first fiscal quarter of 2016 — and much of this increase was driven by younger vehicles, specifically pre-owned units up to 4 years old. Used unit sales were up 9.3 percent to 150,528 this past quarter, and during the company’s […] [Read More]

The Henderson Hyundai Superstore announced Monday that it has received a Guinness World Record for orchestrating the largest-ever parade of Hyundai vehicles. Henderson Hyundai, the No. 1-rated Hyundai dealer in Nevada three years running on DealerRater, hosted the parade event in December to honor National Impaired Driving Prevention Month. The dealership invited local Hyundai owners […] [Read More]

CarMax announced first-quarter results for the start to its 2016 fiscal year, reporting another record quarter for sales and earnings. With net sales and operating revenues increasing by 7.1 percent to $4.041 billion, it is apparent the retailer — which was recently featured in our Top 100 Independent Dealers issue — had a robust start to […] [Read More]

J.D. Power just released its 2015 Initial Quality Study ratings and results, and it seems Korean brands are continuing to improve while other more well-known brands may be feeling the impact of recent recalls. With impressive year-over-year improvement, the Korean brands “continue to widen the quality gap with other automakers,” J.D. Power reported, while Japanese […] [Read More]

Penske Automotive Group has promoted a new chief financial officer. J.D. Carlson, the company’s senior vice president and corporate controller, has been named executive vice president and CFO. This move was made following the announcement that David Jones is resigning from his role as EVP and CFO at Penske to accept a similar role with […] [Read More]