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]

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]