In what turned out to be a solid month to close the second-best quarter ever for certified pre-owned sales, domestic and Asian automakers lifted CPO numbers by more than 12 percent, while European brands climbed more than 9 percent. That’s according to the latest rundown of monthly CPO sales figures by Autodata Corp. Starting with […] [Read More]

The American International Automobile Dealers Association is offering two opportunities to listen to a free webinar to explain how a vehicle that’s been in an accident can be just as valuable in inventory as any other unit. Coming up on Oct. 20, AIADA’s AutoTalk Series presents an abbreviated 20-minute version of the award-winning presentation on […] [Read More]

Just one month after posting the first year-over-year decline since June 2014, the certified pre-owned market closed the second-best quarter on record with more than 211,000 sales in September. According to Autodata Corp, the estimated 211,083 CPO cars sold during the month represented a 12.1-percent year-over-year increase. That pushed the third-quarter figure to 653,383 units, […] [Read More]

The Costco Auto Program predicts its holiday promotions will be even more successful this year, after recording the highest sales the program has seen during its winter 2014 special offer. This time around, Costco is partnering once again with General Motors for the seasonal promotion, and it projects 20-percent growth in vehicle sales compared to […] [Read More]

An electric SUV. Those are two words the auto industry might not have expected to ever see side by side a decade ago. Of course, automakers have begun exploring the possibility of this segment in recent years, an example being the Toyota RAV4 EV. But today, the industry buzz is all about the new Tesla […] [Read More]

In the latest development associated with the Volkswagen diesel vehicle matter, multiple online reports indicate that OEM leadership in Germany is making plans to modify up to 11 million units worldwide to correct the “defeat device” found by environmental regulators that circumvents emissions standards for certain air pollutants. How VW plans to modify the vehicles […] [Read More]

In the first half of the year, certified pre-owned sales represented more than 18 percent of franchised dealers’ used-vehicle sales, according to the latest Pulse report from ADESA Analytical Services. The report, citing its own statistics and those from Autodata Corp., indicates the 18.5-percent share is up from the 16.9 percent of franchised used sales […] [Read More]

The relatively new Momentum Auto Group recently announced the appointment of its new chief operating officer. Bringing nearly 33 years of experience to the role is George Athan, who is now responsible for directing future business management and revenue growth as well as acquisition strategies to grow and develop future opportunities. Athan's background includes time […] [Read More]

Group 1 Automotive announced Monday its acquisition of a Mercedes-Benz store in Georgetown, Texas. Part of the greater Austin metropolitan area, the dealership will continue to operate as Mercedes-Benz of Georgetown. The store is expected to generate $100 million in estimated annual revenues. “We are delighted to strengthen our relationship with Mercedes-Benz and further expand […] [Read More]

One item on the minds of many VW dealers in the United States going into Friday’s board meeting of Volkswagen AG was whether or not the rumors that current U.S. VW chief executive officer Michael Horn would be leaving the company were true. As it turns out, that’s not the case, as VW announced that […] [Read More]