The National Automobile Dealers Association announced today that used-vehicle sales surpassed 4 million units across all retail channels for the month of May. Although this year's May sales of roughly 4.02 million units passed last year's May sales of an even 4 million, this brought the year’s tally just past 14 million used cars and light […] [Read More]

AutoNation on Wednesday announced its new-vehicle sales count for the month of May, which eclipsed year-over-year numbers from last May by 5 percent, bringing the final tally to 31,777 new units. This performance helped the nation’s largest automotive retailer to reach the milestone of 10 million total units sold, a feat the company says no other […] [Read More]

Both new-model leasing and certified pre-owned sales are setting records. Might both markets continue to build steam if automakers, captive finance companies and other institutions are interested in ramping up the volume even more by delving deeper into the non-prime consumer space? While Kelley Blue Book senior analyst Alec Gutierrez and Autotrader senior analyst Michelle […] [Read More]

May was the best month of all time for certified pre-owned sales and beat the previous record (coincidentally, May of 2014) by more than 12 percent, according to Autodata Corp. Overall, there were an estimated 232,842 CPO sales in May, a 12.2-percent increase over the same month a year ago, the firm reported Wednesday afternoon. […] [Read More]

Whether your customers are recent college graduates or shoppers looking for a luxury car without the new price tag — certified pre-owned vehicles might be a good fit. Analysts pointed out a group of vehicles you may want to keep in mind when marketing to these audiences this week, the majority of which were CPO […] [Read More]

The certified pre-owned market from May looks healthy once again, based on the numbers from brands who have shared certified pre-owned sales statistics with Auto Remarketing thus far, including one posting an all-time high.  Starting with Porsche, it reported the best-ever CPO month in the history of the Porsche Approved Certified Pre-Owned program. Specifically, Porsche sold […] [Read More]

NADA Regulatory Affairs has spotted a regulatory update dealers may want to pay attention to: the Federal Trade Commission announced Friday that it has updated its informal staff publication — “FTC’s Endorsement Guides: What People Are Asking” — to help answer questions regarding the legal principles involved with disclosing material connections between advertisers and endorsers. […] [Read More]

CARPHORIA announced Thursday that it has been selected as a recipient of the 2015 BBB Award for Excellence. The company received the Winner of Distinction Award at an award ceremony earlier in May. “Commitment to an exceptional consumer experience is exactly what CARPHORIA is founded on,” said Michael Dodd, CARPHORIA president and chief executive officer. […] [Read More]

April was a familiar scene in the certified pre-owned and late-model used-car markets.  Sportier vehicles were in high demand and low supply, with one brand drawing the most interest: Porsche. The certified Porsche models, in particular, are gaining considerable steam with shoppers. According to the April installment of Autotrader’s Scarcity report, two CPO Porsche models were […] [Read More]

Look for the used-car market to finish with at least 3 million sales this month. An analysis of May retail sales from TrueCar said it’s possible the monthly used-car sales total will beat 3.14 million units. This would be a 2.7-percent year-over-year increase. At Edmunds.com, their analysts’ monthly report was calling for about 3.0 million […] [Read More]