Retail
Used sales expected to spike 3.8% amid slowing new market
Auto Remarketing Staff
As September nears, both TrueCar and Kelley Blue Book are predicting new-car sales declines this month, while the number of used cars retailed is expected to grow. According to TrueCar, total used sales, including franchised and independent dealerships and private-party transactions, may exceed 3,353,742, which would mark a 3.8-percent year-over-year increase. The story is a […] [Read More]
Senator continues quest against selling recalled vehicles
Josh Hyatt, Staff Writer
Sen. Richard Blumenthal, a Democrat from Connecticut, continued his efforts against the retail sale of vehicles with open recalls by taking aim at CarMax on Monday, urging the Federal Trade Commission to “take immediate action to halt CarMax’s dangerously deceptive marketing of used cars with lethal safety defects.” Blumenthal says he took these steps in light of a […] [Read More]
Chicagoland new-car dealers support local USO
Auto Remarketing Staff
New-car dealers in the Chicago metro area, colloquially known as Chicagoland, recently donated more than $121,000 to the USO of Illinois and local troops. Seventy Chicagoland dealers collaborated to put on the USO Barbecue for the Troops fundraiser, the mid-July culmination of a month-long fundraising campaign to help support the military. The Chicago Automobile Trade […] [Read More]
Lithia acquires Acura store in Hawaii
Auto Remarketing Staff
Lithia Motors is again saying “aloha” to potential customers in Hawaii by adding a fourth store within the state to the dealer group’s portfolio. On Tuesday, Lithia announced it acquired Acura of Honolulu, a dealership the company indicated will add $50 million in estimated annual revenues. Back in March, Acura of Honolulu moved into a […] [Read More]
2 stats illustrating CPO growth in last 5 years
Nick Zulovich, Staff Writer
Edmunds.com offered a couple of statistics in the certified pre-owned vehicle space to illustrate how CPO sales continue to surge. The site’s latest Used Vehicle Market Report indicated that CPO sales in the second quarter came in 53 percent higher than the same quarter five years ago. And during that span, the percentage of all […] [Read More]
Entry-luxury cars take CPO scarcity spotlight
Joe Overby, Editor
The entry-level luxury car has been a solid play on the car side of the new-vehicle market, with many consumers preferring utility vehicles over cars these days. Not to mention, says Autotrader senior analyst Michelle Krebs, marketing the luxury cars that are in smaller sizes and price brackets has given luxury brands the chance to […] [Read More]
Dealers: Are you losing phone leads?
Auto Remarketing Staff
It’s possible that dealerships are losing as much as 84 percent or more of their inbound sales calls that are not converted to a deal. That’s according to a recent analysis by IHS Automotive, commissioned by CallSource, which studied the performance of over 540 of the latter’s dealer customers over a year-long period (from April […] [Read More]
AutoNation to acquire 16 stores
Auto Remarketing Staff
AutoNation’s store count now is on track to surpass 250. The dealer group today announced that it has signed agreements to acquire 13 stores in Georgia, Alabama and Tennessee from Carl Gregory Enterprises and a trio of stores in the Baltimore market from Valley Motors Auto Group, representing over $600 million in combined annual revenue. […] [Read More]
2 OEMs enhance service foundation
Auto Remarketing Staff
Two OEMS — FCA Canada and Mazda — both announced enhancements to their service departments on Monday. First up, the new Mopar Service Capacity Analyzer is being adopted by FCA US dealerships to assist in planning and handling current and future customer service demands. Mopar describes the new online tool that helps dealers to assess, […] [Read More]
LHM Dealerships host National Child Passenger Safety Month events
Auto Remarketing Staff
Larry H. Miller Dealerships, in conjunction with Safe Kids Arizona and local first responders, announced Wednesday the group will host car seat safety checks throughout the month of September for National Child Passenger Safety Month. LHM dealer locations from Phoenix to Tucson, Ariz. will host the events every weekend in September from 9 a.m. to […] [Read More]
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