Ally Financial said Thursday that 57 dealers have been selected as nominees for the 2014 TIME Dealer of the Year award, which recognizes the nation's most successful dealers who also demonstrate a long-standing commitment to community service. Now in its 45th year, the TIME Dealer of the Year award is recognized as one of the […] [Read More]

Though used sales in October have slowed a bit due to the government shutdown earlier this month, Edmunds.com announced Thursday it is predicting October sales will “keep pace.” The site is predicting an estimated 3.06 million used cars will be sold in October, for a SAAR of 35.6 million (compared to 3.02 million — or […] [Read More]

Fueled by across the board gains on the used-vehicle side, Lithia Motors on Wednesday reported the highest quarterly adjusted net income from continuing operations in company history. Lithia also enjoyed a 27-percent year-over-year increase in adjusted net income per share from continuing operations for the third quarter. Executives shared that Lithia’s Q3 adjusted income from […] [Read More]

Eight more auto models and six more years of partnership are the result of an announcement this week from Sirius XM Radio and American Honda Motor Co. Inc. The two companies are extending their collaborative relationship to January 2020, and plan to significantly increase the penetration of SiriusXM factory-installed technology in new Honda and Acura […] [Read More]

The National Highway Traffic Safety Administration said Nissan North America is recalling a total of 151,695 crossovers to correct a brake issue. The vehicles included in the campaign are: —2013 and 2014 Nissan Pathfinder manufactured April 18 of last year through Sept. 20. —2013 Infiniti JX35 manufactured from Sept. 15, 2011 through Jan. 16 of […] [Read More]

Amin Tejani, vice president of dealership operations at Weins Canada and Auto Remarketing Canada’s 2013 Dealer of the Year, cites Weins Canada’s rich history and heritage as a significant factor behind the success of the organization.   Weins Canada, formerly known as the  Don Valley North Automotive Group, was founded in October of 1973 with […] [Read More]

In an effort to connect with clients, CarProof Vehicle History Reports held its first Client Advisory Board meeting earlier this month. Held in Blue Mountain, Ontario, the company invited 40 of its top dealer, auction and corporate customers to attend the meeting. “Our loyal partners provided us with valuable insight that we intend to put […] [Read More]

A day after Sonic Automotive discussed its plans to roll out a network of stores solely dedicated to selling pre-owned vehicles, investment analysts wanted to know if Asbury Automotive Group is constructing a similar strategy. While Asbury’s leadership team on Tuesday discussed many segments of its used-vehicle operation, president and chief executive officer Craig Monaghan […] [Read More]

As fall got underway in September, a few segments and models stood out as particularly hard to find, according to the latest installment of vehicle scarcity date that is provided monthly to Auto Remarketing by AutoTrader.com. SUVs and some trucks populated the lists once again in September, and  another segment showed up that normally loses […] [Read More]

Sonic Automotive’s quarterly used retail sales volume and quarterly per-store per-month used-vehicle sales have never been higher. The retailer posted a record 27,632 used retail sales during the third quarter, which put its pre-owned average quarterly volume per-store per-month at an all-time high of 91. These best-ever results were accompanied by across-the-board records throughout Sonic’s […] [Read More]