Tax season evidently helped the used-vehicle sales market rebound nicely as the first quarter closed. CNW Research reported monthly used-vehicle sales surpassed 3 million units for the first time this year as analysts computed the March figure came in at 3.088 million. That figure represents a gain of more than 50 percent from February’s sales […] [Read More]

Ford announced two separate recalls on Monday, totaling more than 400,000 units in the U.S. and Canada. By far the larger of the two campaigns is for 385,762 Ford Escape vehicles from the 2001 through 2004 model years. Ford is making the recall to address a potential subframe corrosion issue that may cause the lower […] [Read More]

Vincentric announced its 2014 Best Fleet Value in American award winners on Monday. Two domestic manufacturers — General Motors and Ford Motor Co. — led the pack with eight award-winning vehicles each. Toyota and Nissan also came out in front, with both company bringing home five Vincentric awards. Rounding out the leaders, Chrysler was presented […] [Read More]

In what began earlier this month, Honda has found another way to honor its associates that not only excel within the company, but also take time to play active roles in their communities, as well. Through the company’s new video series titled, “What Makes a Honda is Who Makes a Honda,” Honda will introduce 12 […] [Read More]

Former vice presidential candidate and Wisconsin Rep. Paul Ryan is the newest addition to the speaker lineup for the eighth annual International Auto Industry Summit orchestrated by the American International Auto Dealers Association. The event is set for May 7 and 8 in Washington, D.C. Along with Ryan, the agenda includes appearances by Cook Political […] [Read More]

The National Highway Traffic Safety Administration said Mazda North America Operations is recalling 42,000 Mazda6 vehicles from the 2010 through 2012 model years and equipped with a 2.5L engine. NHTSA explained that in the affected vehicles manufactured between Sept. 14, 2009 and May 2, 2011, spiders may weave a web in the evaporative canister vent […] [Read More]

With a former OEM chief executive officer joining its board and paperwork filed for an initial public offering, activity is buzzing at TrueCar. That IPO paperwork filed with the Securities and Exchange Commission offered a glimpse as to what’s going on underneath the hood of the lead-generation website. TrueCar indicated the number of common shares […] [Read More]

CarMax revealed late last week results for Q4 and its fiscal year, which ended on Feb. 28, showing an almost 20 percent yearly gain in used sales. This also marks the first fiscal year the dealer group has ever retailed more than 500,000 vehicles. Specifically, the dealer group saw total used unit sales rise by […] [Read More]

In a recent whitepaper, NADA Used Car Guide lists several factors — including rising incentives in the first two months of 2014 — that point to continued increases in pricing discounts this year.  But here’s the thing: automakers aren’t likely to become “haphazard,” says NADA, which in fact suggests OEMs will temper their spending in […] [Read More]

If Tesla Motors is successful in pushing its direct-to-consumer sales model forward as well as bringing a more affordable electric vehicle to the market, the company may make an even bigger splash in the dealer market in the near future. And if Tesla solidifies a larger footprint in the industry, its core business practices, such […] [Read More]