Certified pre-owned sales of Asian-brand vehicles jumped close to 11 percent in January, and European-brand CPO sales moved even higher, improving by nearly 25 percent year-over-year. That’s according to Autodata Corp., which released its monthly breakdown of industry-wide and brand-by-brand CPO sales. Starting with Asian OEMs, their 87,623 CPO sales last month were up 10.9 […] [Read More]

Dealers with Big 3 brands collectively sold nearly 73,000 certified pre-owned vehicles last month and picked up an extra 1.5 percent of market share, according to Autodata Corp. Domestics commanded 37.4 percent of the CPO market in January, the firm said, and their 72,841 certified sales beat year-ago figures by 22.1 percent. Brands within the […] [Read More]

The National Highway Traffic Safety Administration recently shared details about recalls from a half-dozen different makes, adding up to a little more than 200,000 units. The largest portion of that figure is associated with a campaign to correct the system controlling airbags on the Jeep Cherokee from the 2014 and 2015 model-years. Officials indicated Fiat-Chrysler […] [Read More]

Offering more context on just how strong the certified pre-owned sales total has been, Autodata Corp. said in an updated sales report and analysis that last month’s CPO sales total was a January record. And as hot as the new-car market has been — Autodata said it climbed 13.7 percent year-over-year with 1.15 million sales […] [Read More]

After launching a revamped dealer certification program in late January, TrueCar announced this week its dealer network has surpassed the 10,000 mark. This number includes 8,700 U.S. franchised dealers and 1,300 independent dealerships specializing in used vehicles. Company management explained this latest benchmark pushes TrueCar toward its goal of including a third of U.S. dealers […] [Read More]

The top executive at Group 1 Automotive doesn’t foresee a “dramatic” fall-off in used-car prices, and while there are certainly downward pressures on values, Earl Hesterberg pointed out a few mitigating factors at play when he addressed questions during the company’s quarterly conference call. In the Q&A portion of Thursday’s call, an analyst brought up […] [Read More]

Group 1 Automotive retailed nearly 94,000 used vehicles in the U.S. last year, beating 2013 figures by close to 10 percent. And while per unit figures and gross margin percentages on the used retail side were down, the company increased its used retail gross profits by more than 5 percent. Reporting fourth quarter and full-year […] [Read More]

Just after the second quarter of 2014, Auto Remarketing reported that a couple of the nation’s largest auto groups were having some challenges acquiring the skilled labor they needed to help fuel the automotive market’s current renaissance. Half a year later, it appears as though this will continue to be an ongoing hurdle for the car business, including companies […] [Read More]

Asbury Automotive Group announced its fourth quarter results on Wednesday, joining the list of automotive groups that reported record quarterly and yearly share earnings to round out 2014. On the used-vehicle front, Asbury’s used-vehicle retail revenue rose roughly 12 percent in 2014, up to $1.53 billion. The company's total retail used gross profit rose to $130 million, […] [Read More]

Franchised dealers are selling, and selling fast, as they set an all-time record for new-car sales per store for the third straight year in 2014. According to Urban Science’s Automotive Franchise Activity Report, franchised dealerships sold an average of 941 new units each last year, based on vehicle sales of 16.5 million. "Sales throughput for […] [Read More]