Many high-end vehicle dealers in Canada are breathing a sigh of relief as Canadian and U.S. law enforcement agencies cracked down on an international vehicle theft crime ring, recovering $3.2 million in assets. Car recovery company LoJack Corp. reported its part in the recent bust, providing insight into the international crime ring investigation titled “Project […] [Read More]

Following a report from the Federal Reserve indicating a rather mixed bag of results from its regions where contacts shared used-car sales numbers, Auto Remarketing reached out to Cross-Sell Reports — a division of Dominion Dealer Solutions — for additional insight into how the used-car market has fared in various states throughout the U.S. Contained […] [Read More]

Group 1 Automotive this week announced its acquisition of Jay Automotive Group Inc. in Columbus, Ga. The move includes franchises Jay Toyota Scion; Jay Buick GMC; Jay Subaru of Columbus; Jay Mazda; and Volvo of Columbus.  The dealerships, which will operate as Rivertown Toyota; Rivertown Scion; Rivertown Buick GMC; Rivertown Subaru; Rivertown Mazda; and Volvo […] [Read More]

After General Motors made the announcement this morning that Mary Barra will become its new chief executive officer in January, social media and the auto business was abuzz with the news. Barra, who will become the first woman ever to head up GM or any other major U.S. automaker, reports say, was one of the […] [Read More]

The certified pre-owned offering within the Costco Auto Program has experienced a similar growth wave to that of the overall CPO market recently, leaving management pleased with the level of engagement and interest from dealers and consumers, alike. However, they are planning on making their used-car offering even bigger. Discussing, first, the strength of the […] [Read More]

Though many would consider odometer rollbacks to be a consumer issue, data reported by Carfax on Monday suggests that rollbacked vehicles are showing up as dealership trade-ins, as well.  Carfax released data that suggest odometer fraud is still a very present issue — one that can present problems for consumers and for dealers securing inventory, […] [Read More]

When recapping reports from contacts detailing used-car activity in their respective regions, the Federal Reserve’s latest Beige Book described the used-sales market in the latest reporting period as “mixed.” Starting off with insight from the Second District (New York), the report summed up used sales as “soft,” but did offer some silver linings, one of […] [Read More]

It wasn’t just the best-ever November for certified pre-owned sales. Last month’s CPO total means the market has officially hit its third straight year of record annual sales, as Autodata Corp. pinpointed the year-to-date sum at 1.94 million units through 11 months of 2013. Autodata also provided a brand-by-brand look at CPO sales for November, […] [Read More]

A team member from an award-winning dealership in Virginia is the latest Dealer of the Month, as declared this week by Autobytel. The company’s Dealer Awards Program honors exceptional Autobytel dealers who employ the highest standards in customer service and Internet automotive retail sales, and lead management processes, officials said. Named the Autobytel Dealer of […] [Read More]

The results of Scotiabank’s Global Auto Report that were released today show auto industry profit margins have spiked to 10-year highs, reaching above pre-recession levels, with the highest profitability showing up in North America. The report indicates that the five largest manufacturers are achieving net income levels of more than $50 billion. Commenting on the […] [Read More]