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Retail
Subaru Recalls 660K Units to Address Possible Corrosion Issue
Thursday, Jul. 3, 2014, 06:51 PM
Auto Remarketing Staff
Long-time enemies of a vehicle’s current condition — corrosion and rust — created a recall of more than 660,000 units by Subaru of America. The National Highway Traffic Safety Administration said Subaru is recalling four different models because of the possible excessive corrosion near the brake lines. The models included in the campaign are: —2005-2009 […] [Read More]
Sales Employee Turnover Remains Issue for Dealers
Thursday, Jul. 3, 2014, 05:52 PM
Sarah Rubenoff, Staff Writer
Though car dealership employees, on average, earn more than the average weekly earnings of U.S. private sector employees, retention remains a large problem for dealerships across the country. According to NADA’s 2013 Dealership Workforce Study Industry Report, franchised dealership employees, on average, earn 27 percent more than the average weekly earnings of all U.S. private […] [Read More]
Another Twist in Recall of Older Jeeps
Wednesday, Jul. 2, 2014, 08:29 PM
Auto Remarketing Staff
The clash between Chrysler Group and the National Highway Traffic Safety Administration over the recall involving 1993-2004 Jeep Grand Cherokees and 2002-2007 Jeep Liberty vehicles took another turn on Wednesday. NHTSA officials issued a special order because they want to know why it’s taking what they consider to be a long time to repair 1.56 […] [Read More]
What June’s CPO Sales Dip Won’t Tell You
Wednesday, Jul. 2, 2014, 07:04 PM
Joe Overby, Editor
For the first time in one-and-a-half years, monthly certified pre-owned sales fell on a year-over-year basis — but take that with a grain of salt. Sales in June declined more than 2 percent, but there's more to the story. CPO sales through the first half of 2014 beat prior-year figures by more than 8 percent, […] [Read More]
EXCLUSIVE: In-Demand CPO Rides at Spring’s End
Wednesday, Jul. 2, 2014, 05:05 PM
Sarah Rubenoff, Staff Writer
As the weather heated up in May, demand for sporty cars for the summer months spiked, contributing to a scarcity issue for some models. The Porsche Cayman, in particular, was difficult to find for dealers. That’s according to May’s installment of vehicle scarcity data that is provided monthly to Auto Remarketing from AutoTrader.com. The Cayman […] [Read More]
Strong First Half for CPO Sales
Tuesday, Jul. 1, 2014, 08:40 PM
Joe Overby, Editor
Early indications are that June was another solid month of certified pre-owned sales as the first half of 2014 drew to a close. Hyundai, for example, had its strongest June on record for CPO, selling 7,324 vehicles — an 8.1-percent gain. Its 45,852 year-to-date CPO sales are up from 37,424 in the first half of […] [Read More]
Bracket Issue Prompts Hyundai to Recall 35K Units
Tuesday, Jul. 1, 2014, 07:47 PM
Auto Remarketing Staff
The National Highway Traffic Safety Administration said Hyundai Motor America is recalling 35,000 vehicles to fix a support bracket. Included in the campaign are Elantra Touring vehicles from 2010 through 2012 model years. The units were manufactured from Dec. 15, 2009 through May 7, 2012. NHTSA indicated the affected vehicles have a support bracket attached […] [Read More]
Investing in CPO & Recon: It Pays Off
Tuesday, Jul. 1, 2014, 04:44 PM
Joe Overby, Editor
For Bill Luke Chrysler Jeep Dodge & Ram, the additional investment in reconditioning and getting its inventory retail-ready and qualified for certification is well worth it. Jody Knaub — the dealership’s used-car director — emphasized the high expectations consumers often have for conditions of used cars, which can impact the level of investment that’s made […] [Read More]
Manheim & NIADA Honor Dealer For Giving Back Through BBQ
Tuesday, Jul. 1, 2014, 02:22 PM
Auto Remarketing Staff
Manheim and the National Independent Automobile Dealers Association took time at the annual NIADA Convention and Expo last week to recognize a dealership for its dedication to its community. This past week, Manheim and NIADA presented the fourth annual NIADA Manheim National Community Service Award to Members Auto Choice of Suwanee, Ga. Tim McKinley, senior […] [Read More]
Chrysler Adds 695K Units to Prior Recall
Tuesday, Jul. 1, 2014, 02:21 PM
Auto Remarketing Staff
Chrysler Group is expanding a previous safety recall “out of an abundance of caution” to correct ignition switches in minivans and SUVs. The automaker said today that it wants to install a more robust WIN module detent ring. A previous recall in 2010 included 196,000 Chrysler Town & Country, Dodge Grand Caravan and Dodge Journey […] [Read More]
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