Until Tuesday, the only comments new General Motors chief executive officer Mary Barra made about the massive recall of older models because of problem ignitions came through the automaker’s public relations department. Then for a few minutes at GM’s headquarters, Barra faced the press in what might be a prelude to the scores of questions […] [Read More]

With automaker officials also reportedly meeting with congressional staff members today, General Motors chief executive officer Mary Barra named a new vehicle safety leader whose first priority will be to quickly identify and resolve product safety issues. Tapped for the position effective immediately is Jeff Boyer, who has been named to the newly created position […] [Read More]

Though used prices are falling, rates are still high in the lanes — especially when dealers are looking to secure quality vehicles for their certified pre-owned operations programs. With used prices remaining above average, it is crucial that dealers balance their reconditioning costs with profit potential. To get an idea how some of the most […] [Read More]

General Motors rolled out three separate recalls on Monday as a result of the request by new chief executive officer Mary Barra for a comprehensive internal safety review following the ignition switch recall that’s created so much turmoil for the domestic OEM. Included in GM’s newest campaigns are: — 303,000 Chevrolet Express and GMC Savana […] [Read More]

DCH Auto Group grew to 26 dealerships this week, with the announcement on Monday that it has acquired Honda of Nanuet, located in Nanuet, N.Y. The dealership will be renamed DCH Honda of Nanuet as it joins the company's 25 existing new and pre-owned car dealerships in New Jersey, New York and California. "We're delighted […] [Read More]

In the 2013 Chase Auto Finance Dealer Survey released earlier this winter, dealers were asked what parts of their business were seeing growth. Out of the 262 dealer principals taking the survey, 207 of them (or an even 79 percent) said they were seeing growth in pre-owned sales. More than 56 percent of the 262 […] [Read More]

As published reports indicate the Department of Justice is preparing a criminal investigation of General Motors and the recall of more than 1.3 million older, discontinued models because of ignition problems, the automaker is offering $500 to owners of these units to put toward the purchase or lease of a new vehicle. But what about […] [Read More]

It was another solid month of certified pre-owned sales for import automakers, as Asian brands increased their CPO business by 9 percent, and European brand sales were up nearly 14 percent, according to Autodata Corp. More specifically, Asian brands moved 83,337 CPO units in February (up 9 percent year-over-year), and they have sold 162,408 certified […] [Read More]

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]

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]