Retail
NADA Convention heading for Las Vegas every other year
Auto Remarketing Staff
Franchised dealers and exhibitors who go to the National Automobile Dealers Association’s largest event each year now can plan to enjoy the amenities of Las Vegas more regularly. NADA’s board of directors recently announced that the NADA and ATD Convention and Expo will be held in Las Vegas every two years instead of once every four […] [Read More]
Fiat Chrysler consent order keeps recalls in forefront
Nick Zulovich, Staff Writer
Last year, there was the ignition issue in older General Motors vehicles. Then earlier this year came faulty Takata airbags that impacted Honda as well as more than a half dozen automakers. Now in the past couple of days, Fiat Chrysler is buying back units and being forced to pay nine-figure penalties. Recalls are keeping […] [Read More]
Sonic names new CEO, makes executive-level shifts
Auto Remarketing Staff
Sonic Automotive’s board of directors announced Monday the shifting of several executive-level positions within the company, including a new chief executive officer. Taking on the role of CEO for the group is Scott Smith, complementing his other roles. Bruton Smith was also named as an executive chairman. David Smith will continue to serve as Sonic’s […] [Read More]
Storytelling goes long way to drive customer satisfaction online
Auto Remarketing Staff
A little storytelling to grab potential shoppers’ attention on the Web goes a long way these days. That’s according to the summer J.D. Power 2015 Manufacturer Website Evaluation Study released Monday that highlights how storytelling can help drive auto shopper customer satisfaction. The semiannual study showed that OEMs are moving away from static text and […] [Read More]
Group 1 CEO not satisfied with Q2 used-vehicle gross margins
Auto Remarketing Staff
Group 1 Automotive’s second quarter, from the perspective of used vehicles retailed in the United States, was solid. Overall unit sales were up 18.2 percent. Revenue and gross profit were up on an overall used-vehicle retail basis, as well. But there was at least one retail used-vehicle metric that the dealer group’s president and chief […] [Read More]
NHTSA hands FCA $105M penalty, demands vehicle buy back
Nick Zulovich, Staff Writer
A spokesperson for Fiat Chrysler Automobiles indicated to Auto Remarketing that exact details still are being finalized on what’s going to happen with the trucks and SUVs the OEM is being instructed to buy back as part of a consent order with the National Highway Traffic Safety Administration that was announced over the weekend — […] [Read More]
Group 1 used-vehicle retail sales up 18% in Q2
Auto Remarketing Staff
Group 1 Automotive recently released its second quarter financial results, highlighting an 18.2 percent increase in retail used-vehicle unit sales in Q2. That was an increase of over 4,000 vehicles, bringing the second quarter total to 26,835 used vehicles retailed in the United States. One of the largest jumps came in used-vehicle retail sales revenue, […] [Read More]
Fiat Chrysler issues recall for 1.4M units following hack report
Auto Remarketing Staff
Fiat Chrysler Automobiles swiftly responded to an online report of hackers being able to take control of an SUV remotely through the radio system by rolling out a voluntary safety recall to update software in approximately 1.4 million U.S. vehicles equipped with this certain technology. FCA US officials insisted the recall aligns with an ongoing software […] [Read More]
Mazda MX-5 Launch Edition donation raises $50K for St. Jude’s
Auto Remarketing Staff
Mazda North American Operations (MNAO) announced last week that a recent donation of an exclusive 2016 MX-5 Launch Edition donated by Mazda Drive for Good to the St. Jude Children’s Research Hospital raised $50,000 for the charity. The fundraiser was held during the inaugural St. Jude Hope in the Hamptons event held on July 11. […] [Read More]
TrueCar warns investors of Q2 losses; addresses AutoNation break
Sarah Rubenoff, Staff Writer
TrueCar held a preliminary second quarter results conference call last week for investors in light of expected losses. During the call, management made a point to explain it’s important to discuss what is contributing to these predicted losses, but also “what did not happen.” Scott Painter, TrueCar’s chief executive officer and founder, shared with listeners […] [Read More]
X