Toyota Motor Sales, USA Inc. revealed Wednesday it will conduct a voluntary safety recall involving approximately 342,000 Toyota Tacoma Access Cab vehicles. The involved vehicles — produced from 2004 to 2011 — contain screws that attach the seat belt pre-tensioner to the seat belt retractor within the seat belt assembly for the driver and front […] [Read More]

Record breaking numbers and double-digit sales increases — a summary of the results from brands announcing July’s certified pre-owned sales this month.   Reporting a best July ever for CPO sales, Volkswagen of Canada sold 1,291 certified vehicles, up from 1,236 sold during the same period of last year. “We are very pleased with the […] [Read More]

Nearly every single one of the roughly three dozen brands included in Autodata Corp.’s listing of certified pre-owned sales figures showed a year-over-year increase in their respective CPO numbers, including two that had their best-ever months. Both Kia (3,197 CPO sales, up 82.8-percent year-over-year) and Subaru, (3,275 certified sales, up 63.8 percent) achieved their strongest […] [Read More]

In two recalls announced this week, Nissan will be pulling certain model-year 2014 Versa Note vehicles which make up over 13,000 units because of possible problems with bolts installed on various areas of the vehicles. First up, in an action that affects 7,782 units, the company will be recalling certain model-year 2014 Versa Note vehicles […] [Read More]

Though pre-owned prices have decreased slightly from 2012 rates, data from Edmunds.com indicates that “used prices remain elevated over past norms.” Rising 1.9 percent from first-quarter levels, the average retail price for used vehicles sold at franchised dealerships was $16,134, the company said in its latest Used Market Quarterly Report. And though this represents a […] [Read More]

Though off modestly from June, last month’s certified pre-owned sales jumped 21 percent from July 2012 and resulted in the strongest daily selling rate of all time, according to Autodata Corp. Dealers moved 182,753 CPO units in July, compared to 151,059 in the same month last year. This moved the 2013 year-to-date sum to 1.23 […] [Read More]

During the second quarter — which garnered 9.2 million sales for the used-car industry, according to the Used Market Quarterly Report from Edmunds.com — one brand, in particular, managed to snag the top two spots on both the list of most-researched used vehicles on Edmunds.com as well as the list of most-purchased used vehicles at […] [Read More]

Thirty-five percent of the used vehicles sold retail in the U.S. by Penske Automotive Group during the second quarter were certified pre-owned models. That’s according to a quote from the retailer’s chairman, Roger Penske, published in a transcription of the dealer group’s quarterly conference call last week by Seeking Alpha that can be found at: [Read More]

How do consumers approach the car shopping process? That key information is the focus of the fourth annual Interactive Advertising Summit series by AutoTrader.com. The series kicks off today at the Terranea Resort in Rancho Palos Verdes, just outside of Los Angeles. Two additional summits are scheduled for other cities in September. The theme of […] [Read More]

While he also discussed reasons for sagging sales at buy-here, pay-here dealerships and pre-approvals for used-vehicle financing, surges in floor traffic and closing ratios associated with last month’s new-vehicle sales prompted CNW Research president Art Spinella to say, “The final 10 days of July were a wild ride, indeed.” CNW indicated floor traffic — that […] [Read More]