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]

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 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]

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]

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]

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]