Edmunds.com announced Tuesday the startups chosen for this year’s class for its Fastlane accelerator program, which gives companies the opportunity to work with the site to refine their products. The 2015 class includes fiSpeed.com, ZipFlip.com, MyCarBuyingSecrets.com, MyAutoCloud.com, Credit Concierge and Leasify.  The companies chosen will participate in a three-month program, during which they will work with […] [Read More]

All-time record certified pre-owned sales were reached for six import brands last month, according to Autodata Corp., which also highlighted nice gains overall for European- and Asian-brand programs in May. In its latest recap of CPO sales, Autodata said these import brands had best-ever CPO results:  Infiniti, Lexus, Mini, Nissan, Porsche and Subaru. Plus, Autodata said, […] [Read More]

Two of the Big 3 automakers posted best-ever certified pre-owned sales figures last month, and collectively, domestic brands have moved nearly 400,000 CPO units this year. That’s the latest from Autodata Corp., which has released its monthly recap of industry-wide certified sales. The industry as a whole had its best CPO month ever. As for the […] [Read More]

The National Automobile Dealers Association announced today that used-vehicle sales surpassed 4 million units across all retail channels for the month of May. Although this year's May sales of roughly 4.02 million units passed last year's May sales of an even 4 million, this brought the year’s tally just past 14 million used cars and light […] [Read More]

AutoNation on Wednesday announced its new-vehicle sales count for the month of May, which eclipsed year-over-year numbers from last May by 5 percent, bringing the final tally to 31,777 new units. This performance helped the nation’s largest automotive retailer to reach the milestone of 10 million total units sold, a feat the company says no other […] [Read More]

Both new-model leasing and certified pre-owned sales are setting records. Might both markets continue to build steam if automakers, captive finance companies and other institutions are interested in ramping up the volume even more by delving deeper into the non-prime consumer space? While Kelley Blue Book senior analyst Alec Gutierrez and Autotrader senior analyst Michelle […] [Read More]

May was the best month of all time for certified pre-owned sales and beat the previous record (coincidentally, May of 2014) by more than 12 percent, according to Autodata Corp. Overall, there were an estimated 232,842 CPO sales in May, a 12.2-percent increase over the same month a year ago, the firm reported Wednesday afternoon. […] [Read More]

Whether your customers are recent college graduates or shoppers looking for a luxury car without the new price tag — certified pre-owned vehicles might be a good fit. Analysts pointed out a group of vehicles you may want to keep in mind when marketing to these audiences this week, the majority of which were CPO […] [Read More]

The certified pre-owned market from May looks healthy once again, based on the numbers from brands who have shared certified pre-owned sales statistics with Auto Remarketing thus far, including one posting an all-time high.  Starting with Porsche, it reported the best-ever CPO month in the history of the Porsche Approved Certified Pre-Owned program. Specifically, Porsche sold […] [Read More]

NADA Regulatory Affairs has spotted a regulatory update dealers may want to pay attention to: the Federal Trade Commission announced Friday that it has updated its informal staff publication — “FTC’s Endorsement Guides: What People Are Asking” — to help answer questions regarding the legal principles involved with disclosing material connections between advertisers and endorsers. […] [Read More]