As federal regulators shared an update about the availability of parts to repair vehicles with faulty ignitions, General Motors announced its 79th recall of the year this week, detailing a campaign for more than 300,000 older sedans and SUVs because of a problem with their headlamps. The affected models for possible intermittent or permanent loss of […] [Read More]

Group 1 Automotive announced this week the expansion of its coverage in the United Kingdom with three new acquisitions. The dealer group has purchased Elms Bedford BMW/MINI, Elms Cambridge BMW/MINI and Elms Stansted BMW/MINI. The three dealerships, which will continue to operate under the Elms name, are estimated to generate $225 million in annual revenues. Earl […] [Read More]

Used-car sales in November were relatively static from year-ago figures, but eclipsed the 3 million mark and pushed year-to-date figures well above 38 million, according to data and analysis released by CNW Research. Overall, there were 3.11 million used vehicles sold last month, a figure that includes sales by franchised and independent dealers as well […] [Read More]

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]