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Retail
21-Percent CPO Sales Lift for Big 3
Tuesday, Mar. 11, 2014, 02:54 PM
Joe Overby, Editor
The Big 3 increased their certified pre-owned sales by more than 21 percent in February, pulling in 65,323 CPO sales and lifting their market share to 36.5 percent for the month, according to Autodata Corp. In February 2013, domestics sold 53,799 certified vehicles and commanded 34.3 percent of the CPO market. Year-to-date sales for the […] [Read More]
House Committee to Question GM, NHTSA on Latest Recall
Tuesday, Mar. 11, 2014, 02:49 PM
Auto Remarketing Staff
General Motors already has a list of demands from the National Highway Traffic Safety Administration about its recent recall for discounted models with faulty ignitions. Soon, both the automaker and the regulator will be compelled to answer questions on Capitol Hill. U.S. House Energy and Commerce Committee chairman Rep. Fred Upton, a Republican from Michigan, […] [Read More]
New Regional Business Development Manager at Dent Wizard
Tuesday, Mar. 11, 2014, 01:58 PM
Auto Remarketing Staff
Dent Wizard International recently announced it has chosen a new regional business development manager from within its ranks. Eric Walker, who has been with the company for more than a decade, has been chosen for the position. His role will cover the states of North Carolina, South Carolina, Tennessee, Kentucky and Southern Virginia. “Eric’s promotion […] [Read More]
Winter’s Pent-Up Supply Creates Impressive Bargains
Monday, Mar. 10, 2014, 08:08 PM
Sarah Rubenoff , Staff Writer
Winter has thrown a few hard punches this year, cutting down on selling days and shoppers on the lots, due to inclement weather. In turn, this has led to unusually high inventory levels at dealerships. Now, automakers and dealers are ramping up incentives and discounts in an effort to make way for spring inventory — […] [Read More]
Chrysler to Inform Owners of Latest Recall Using New NHTSA Protocol
Monday, Mar. 10, 2014, 07:16 PM
Auto Remarketing Staff
When Chrysler Group notifies approximately 18,700 owners of certain Jeep Grand Cherokee and Dodge Durango SUVs from the 2012 and 2013 model years about a recall announced last week, the automaker will have to follow a new protocol established by the National Highway Traffic Safety Administration. NHTSA explained that all OEMs now must use a […] [Read More]
Lithia Targets $75M Boost from Purchases
Friday, Mar. 7, 2014, 04:47 PM
Auto Remarketing Staff
The nation’s ninth largest auto retailer is now larger, as the company continued its strategy of seeking exclusive franchises within its markets in announcing the expansion of its store count. Lithia Motors on Friday noted its acquisition of Honolulu Buick GMC Cadillac and Honolulu Volkswagen in Honolulu, Hawaii, bringing the company’s store count in […] [Read More]
Best-Ever CPO Daily Sales Rate Reached Last Month
Wednesday, Mar. 5, 2014, 10:13 PM
Joe Overby, Editor
In addition to achieving a best-ever daily selling rate last month, the certified pre-owned business had its strongest February on record and beat year-ago sales by more than 14 percent, according to Autodata Corp. Announcing industry-wide CPO numbers on Wednesday, Autodata said there were 179,042 certified sales in February, a 14.1-percent year-over-year hike and a […] [Read More]
NHTSA Wants More GM Recall Details
Wednesday, Mar. 5, 2014, 09:04 PM
Nick Zulovich, Staff Writer
The National Highway Traffic Safety Administration sent General Motors a 27-page special order demanding more specifics regarding the recall of more than 1.3 million units because of ignition problems. According to the order, GM has until April 3 to give NHTSA answers and clarifications to more than 100 questions regarding how the automaker handled the […] [Read More]
NY Stores Take Home Most Edmunds Awards
Wednesday, Mar. 5, 2014, 06:22 PM
Auto Remarketing Staff
Did your franchised dealership perform particularly well with customers on Edmunds.com? If so, your store’s name might have made the cut for the second annual Five Star Dealer Awards. Edmunds.com is honoring a group of more than 250 dealers who have earned a five-star rating on the site’s Dealer Ratings and Review page. A total […] [Read More]
Spring Sales Predicted to Pick up for 2 Domestics
Tuesday, Mar. 4, 2014, 09:06 PM
Sarah Rubenoff, Staff Writer
Sales for a couple domestic nameplates fell a bit this past month due in part to winter weather sweeping through most of the East Coast and Midwest. Both Ford and General Motors suffered a bit of a decline in February, but spring is just around the corner — and it will likely bring a stronger […] [Read More]
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