Retail
Chrysler Adds 695K Units to Prior Recall
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]
At Halfway Point, Used Sales Ahead of 2013 Pace
Joe Overby, Editor
Once June figures are tallied, it’s likely that year-to-date used-vehicle sales through the midpoint of 2014 will once again have eclipsed 20 million units, according to CNW Research. In its latest Retail Automotive Summary, the firm was predicting monthly used-car sales to come in just under 4.5 million, which would push the six-month total to […] [Read More]
GM Recalls Another 7.6 Million Units
Auto Remarketing Staff
Only a couple of hours after Kenneth Feinberg shared details of the automaker’s ignition switch compensation program on Monday, General Motors announced it will conduct six new safety recalls in the United States involving about 7.6 million vehicles from the 1997 to 2014 model years. Add Monday’s recalls to the four campaigns GM detailed late […] [Read More]
Rockefeller Wants New Vehicle Fee to Help Fund NHTSA
Auto Remarketing Staff
In an attempt to give the National Highway Traffic Safety Administration more funds and resources to handle the rising amount of vehicle recalls, the chairman of the U.S. Senate Commerce Committee introduced a bill that would create a federal vehicle usage fee. Sen. Jay Rockefeller included this proposed fee within the Motor Vehicle Safety Act […] [Read More]
NIADA Doles Out Industry Awards at Convention
Auto Remarketing Staff
The National Independent Automobile Dealers Association handed out a group of awards last week at its annual convention and expo, that included inducting a new member in the NIADA Ring of Honor, Lifetime Achievement Awards, scholarships and more. First up, NIADA has inducted National Auto Auction Association chief executive officer Frank Hackett and NADA Used […] [Read More]
TrueCar Launches Research Branch to Develop New Sales Tools
Auto Remarketing Staff
Late last week, TrueCar Inc. revealed a new tool aimed at developing more solutions to simplify the way cars are sold: TrueCar Labs. The company will use the initiative to deploy new products and solutions in their earliest phases to garner feedback from both shoppers and dealers. The company described the new development as “an […] [Read More]
10 CPO Cars to Attract Young Luxury Buyers
Auto Remarketing Staff
Interest among consumers in certified pre-owned vehicles continues to rise, including many Millennials and young professionals who may use CPO as an entry into the luxury car segment. With that in mind, Kelley Blue Book released its "10 Best Certified Pre-Owned Luxury Cars Under $30,000" — a list that may come in handy for a […] [Read More]
Schumer Wants More FTC Regulation to Sell Used Vehicles
Nick Zulovich, Staff Writer
Sen. Chuck Schumer is urging the Federal Trade Commission to create another regulatory hurdle for dealers to clear in order to sell used vehicles, using an incident allegedly involving a truck sold by a CarMax store in California as leverage to further the campaign. The New York Democrat sent a letter this week to the […] [Read More]
June Used Sales Expected to Come in at 3.2M
Auto Remarketing Staff
June is looking like it will turn out to be a successful month for new- and used-car sales, even as the industry moves into the summer season that normally spells a slowdown after tax season highs. According to TrueCar data, used-car sales from franchised and independent dealers as well as private-party sales are estimated to […] [Read More]
NHTSA Investigating Airbag Issue on Nearly 1.1M Vehicles
Auto Remarketing Staff
Potentially explosive airbags manufactured by Takata Corp. of Japan and used by more than a half-dozen automakers are forcing the National Highway Traffic Safety Administration to intensify an investigation of nearly 1.1 million vehicles. NHTSA said that its Office of Defects Investigation received a complaint last August of a driver’s bag inflator rupture in a […] [Read More]
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