In 2014, the industry posted record CPO sales for the fourth consecutive year, as dealers sold 2.34 million units, according to Autodata Corp. A presentation from Cox Automotive in November forecasted another all-time high for CPO in 2015 and more record-breaking years down the road. Manheim chief economist Tom Webb has said the market could […] [Read More]

The used-car background runs deep at Sonic Automotive. Founder and chief executive officer Bruton Smith got his start in used cars, and has passed that tradition on to his children, as well. And the used-car business was also the starting point for Sonic’s executive vice president of operations, Jeff Dyke, who talked about this with […] [Read More]

Certified pre-owned vehicles fetched roughly $2,800 more on average last year than used cars that were not certified but in the same age range, according to CNW Research, which said that premium is expected to rise modestly in 2015. More specifically, CNW is targeting a $3,100 CP0 premium this year. “Because many in the middle […] [Read More]

For both domestic and import brand programs alike, records and landmark years in the certified pre-owned business were abundant in 2014. Statistics and analysis shared by Autodata Corp. indicates that 17 brands/programs posted best-ever years in the CPO market, and three closed out 2014 with their strongest certified sales month in history. The firm lists the […] [Read More]

The NADA Academy announced Monday that it has named Camron Wilson as its senior consultant of OEM and Allied Educational Solutions, a new position. With 15 years of auto experience, Wilson is now responsible for expanding collaboration with OEMs, allied industries and dealership staffs via online and instructor-led training. Wilson spent 10 of those years […] [Read More]

The Holman Automotive Group announced this week that Steve Holman has joined the company as manager, community affairs. Formerly a member of the board of directors, Holman joins his sister, Mindy Holman, the company’s president and chief executive officer, and his father, Joseph Holman, the company’s chairman.  Steve Holman will help lead the organization’s various […] [Read More]

American Honda Motor Co. broke out its checkbook on Thursday and agreed to pay out a total of $70 million in penalties from federal regulators. The automaker and the U.S. Department of Transportation’s National Highway Traffic Safety Administration announced that the OEM entered into an agreement to resolve the government's inquiry into Honda's early warning […] [Read More]

The New England Acura Dealers Association (NEADA) will be extending its support for Boston Children's Hospital an additional two years to bring its total pledge to $1 million. The extension follows the NEADA's initial two-year, $500,000 commitment back in late 2012. A portion of the proceeds of every Acura sold at each of NEADA’s seven […] [Read More]

Fueled by a double-digit gain in December, AutoNation turned 8 percent more new vehicles in 2014 compared to the previous year. The largest publicly traded dealer group reported on Tuesday that company franchised dealerships retailed 320,804 new models. The new-vehicle unit sales for AutoNation's operating segments were as follows: — 97,656 for domestic, up 6 […] [Read More]

Sheehy Auto Stores has announced the distribution of its combined donations of more than $100,000 to charities in the various communities that it serves, including the Washington, D.C. area; the Baltimore and Annapolis, Md. area; and the Richmond, Va. and Ashland, Va area. In the Washington area, Sheehy’s dealerships donated $50,000 to charities, ranging from programs such as […] [Read More]