In discussing potential automaker incentive spending amid forecasted slower new-car sales growth in 2015, AutoTrader.com senior analyst Michelle Krebs — who said this year will be a “true test of the discipline in the auto industry” — added this “twist” involving the used-car market. “Not only are new-car sales not going to increase at the […] [Read More]

The certified pre-owned market just completed its fourth consecutive best-ever year, but the records don’t end there. A few handfuls of brands posted all-time highs for annual CPO sales, according to Autodata Corp., which said Tuesday that last month was a best-ever December, and the final three months of 2014 marked a best-ever fourth quarter. […] [Read More]

In today's debut CPO Weekly e-newsletter, Auto Remarketing gets things started by looking at how a few brands reporting early certified pre-owned results fared in 2014. And in what likely was yet another record year for the industry, CPO operations looked promising for many automakers.  Starting with Ford, its brands combined to sell 22,610 certified […] [Read More]

Last year was a steady and productive one in the used-car market: there were more than 42 million used vehicles sold in 2014, up just a hair from 2013. Specifically, CNW Research said in its latest analysis that there were 42.05 million used-car sales in 2014, a figure that includes sales by franchised and independent […] [Read More]

News coming out of General Motors to start the year was mixed, as the automaker managed to redeem all outstanding shares of its Series A Preferred Stock, but also faced another set of recalls due to lingering ignition switch issues. The company began 2015 much in the same way it had spent most of 2014: announcing […] [Read More]

There is one school of thought in the used-car market forecasting an impending, drastic drop in used-car prices. But Tom Folliard, CarMax's president and chief executive officer, says he doesn't expect anything extremely volatile to result from the coming months. In fact, he expects things will likely roll out in a predictable manner. When asked […] [Read More]

Asbury Automotive Group announced its second Ford dealership acquisition in as many weeks, revealing Wednesday that it has bought Texas Motors Ford. With the purchase of this Fort Worth dealership, the retailer now has seven stores in Texas. The dealership, which has annual revenues of about $140 million, will be rebranded as David McDavid Ford Fort […] [Read More]

Here’s a little-known fact: the vast majority of new vehicles are transported by rail. When cars come off the line at the plant — or arrive at a port, as is the case for imports — they are hauled via enclosed rail cars to rail terminals. Trains are responsible for the long haul, then trucks […] [Read More]

In announcing the name change from Chrysler Group LLC to FCA US LLC on Tuesday, officials with the Michigan automaker emphasized in their press release that neither the location of company headquarters (Auburn Hills) nor the company’s holdings, management, board or brands would be impacted. But what about the used-car side? What is the branding […] [Read More]

Carfax has been celebrating its 30th anniversary in 2014, and before turning the corner into the new year, we took a look at the company’s first three decades and where it is headed from here. On its website, the company’s mission from the onset was clear: “to be the leading source of vehicle history information […] [Read More]