It might not be a huge feast for the used-car market in terms of November sales, but at least franchised and independent dealers can be thankful that CNW Research is projecting a sales uptick for dealerships this month. According to the firm’s Retail Automotive Summary released just before Thanksgiving, analysts predicted that sales at dealerships […] [Read More]

Though fall and colder weather may not bring to mind visions of sports cars flying down warm, sunny highways, it seems some shoppers are sick of snow already, as sportier cars are growing in popularity in the used market. In fact, according to the latest installment of vehicle scarcity data from AutoTrader.com, the Porsche Cayman is […] [Read More]

Roughly a week ago, Edmunds.com released an analysis indicating that certified pre-owned vehicles represented nearly 21 percent of total franchised dealer used-vehicle sales in the third quarter. And the CPO share for the current month could be even stronger, according to data that Edmunds shared Monday with Auto Remarketing. Analysts with the site estimate that 878,000 […] [Read More]

The National Highway Traffic Safety Administration sent a letter last week to Chrysler Group chairman and chief executive officer Sergio Marchionne describing what the agency deemed to be a “woeful” recall repair completion rate for older model SUVs whose fuel tanks may rupture if the vehicles are struck from behind. The head of the automaker […] [Read More]

Hundreds of attendees walked through the corridors of the Red Rock Casino Resort & Spa during Used Car Week in Las Vegas, chatting with one another as they headed to general sessions, workshops and meetings with clients. It was the most-attended Used Car Week in the convention’s history, and perhaps the most diverse, as well: […] [Read More]

Franchised dealers are not just selling more used cars. A greater proportion of those cars are certified pre-owned vehicles. In fact, the certified side of the business represented nearly 21 percent of total franchised dealer used-vehicle sales in the third quarter, compared to a CPO share of just under 19 percent in the same period […] [Read More]

Roughly two-and-a-half months after it was announced that chairman and chief executive officer Mark Frissora resigned from the position for personal reasons, Hertz Global Holdings will have a new president and CEO effective Friday. Appointed to the post and to the company’s board of directors is John Tague, who was most recently chairman and CEO […] [Read More]

CarMax Inc. announced today the opening of its second store in Raleigh, N.C. The store, with more than 50,000 square feet, sits on over 16 acres of space and stocks more than 300 used vehicles. In preparation of the store’s opening, CarMax plans to donate $5,000 to the Boys & Girls Club of Wake County. […] [Read More]

Industry observers cheered this week’s move by the U.S. Department of Transportation’s National Highway Traffic Safety Administration, which announced it is calling for a national recall of vehicles with certain driver’s side frontal air bags made by Takata. Regulators explained this decision is based on the agency’s evaluation of a recent driver’s side air bag […] [Read More]

Privately owned SoCal Penske Dealer Group announced this week is has acquired the assets of both Drew Ford and Drew Hyundai in La Mesa, Calif. Roger S. Penske Jr., SoCal Penske’s president, is committed to maintaining the legacy the Drew family has established during their time as owners of the dealerships. “We are thrilled to […] [Read More]