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]

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]