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Retail
Hyundai Hits Best-Ever CPO Sales Total
Wednesday, Jul. 3, 2013, 05:58 AM
Auto Remarketing Editor Joe Overby
Among several other automakers already reporting strong certified pre-owned results for June, Hyundai Motor America said Tuesday it achieved its strongest month ever for certified sales, moving 6,775 units for a 7.5-percent uptick. First-half CPO sales for the company reached 37,423 units for a 12.9-percent hike. Hyundai was joined by several other brands sharing June […] [Read More]
Public Schools to Benefit from Extended Kia Partnership
Wednesday, Jul. 3, 2013, 05:54 AM
Auto Remarketing Staff
One automaker has just announced it will continue a philanthropic campaign to assist American students. After providing educational resources to nearly 500,000 public school students across America last year, this week Kia Motors America made the announcement that it will extend its philanthropic partnership with online charity DonorsChoose.org. As part of that continuing partnership, Kia […] [Read More]
June Used Sales Up for Both Franchised and Independent Dealers
Tuesday, Jul. 2, 2013, 04:12 PM
Sarah Rubenoff
As the data starts rolling in, June used sales are up both from May and the same period of 2012, according to CNW Research. Total used sales for June came in at 4.49 million, per CNW data. This is up from 4.39 million used sales in May and 4.38 million during the same period last […] [Read More]
McLaren Automotive Elevates COO to Become CEO
Tuesday, Jul. 2, 2013, 03:36 PM
Auto Remarketing Staff
McLaren Automotive, the British manufacturer of high-performance sports cars that recently rolled out a certified pre-owned program, appointed a new chief executive officer on Monday. Rising into the role is Mike Flewitt, who previously was the OEM’s chief operating officer, a position McLaren says no longer will exist now that he has been appointed as […] [Read More]
NADA Foundation Ambassador Pick Follows Auto Family Tradition
Tuesday, Jul. 2, 2013, 02:59 PM
Auto Remarketing Staff
Continuing a longstanding family tradition, Diana Marie Mungenast has been named an ambassador of the National Automobile Dealers Charitable Foundation. The foundation, which provides annual grants to schools, food banks and civic causes, reports that Mungenast is the eighth family member of the well-known dealership group to be named an ambassador. She is the wife […] [Read More]
Honda Recalls 143K Fits to Correct Power Window Problem
Tuesday, Jul. 2, 2013, 05:57 AM
Auto Remarketing Staff
American Honda announced last week that it issued a voluntarily recall of 143,083 units in the United States — the Fit from the 2007 and 2008 model-years. The campaign stems from the need to replace the master power window switch, which will be done at no charge to vehicle owners. Honda explained that under severe […] [Read More]
NIADA’s Linn Transitioning Out of CEO Post & Into New Role Today
Monday, Jul. 1, 2013, 08:00 AM
Auto Remarketing Editor Joe Overby
A leadership transition for the National Independent Automobile Dealers Association is set to take place today, following the conclusion of the association’s annual convention. Michael Linn, who has been chief executive officer for 14 years, becomes CEO emeritus. As part of the transition, promoted to the role of executive vice president of NIADA is Steve […] [Read More]
Ford Recalling 13K Units to Correct Door Latch Issue
Monday, Jul. 1, 2013, 07:56 AM
Auto Remarketing Staff
Ford announced last week it is issuing a safety recall for approximately 13,100 Ford Explorer, Taurus and Lincoln MKS vehicles from the 2013 model year in the U.S., Canada, Mexico and the federalized territories. The reason for the campaign is rear door latches may contain an improperly formed component. Ford safety communications manager Kelli Felker […] [Read More]
Va. Acura Dealer Named Autobytel Dealer of the Month for May
Monday, Jul. 1, 2013, 07:55 AM
Auto Remarketing Staff
Tim Morgan, general sales manager of Radley Acura in Falls Church, Va., has been named the Autobytel Dealer of the Month for May. The award program introduced earlier this year honors Autobytel dealers who “employ the highest standards in customer service, Internet automotive retail sales and lead management processes,” officials said. Morgan joins Patti Scipione […] [Read More]
What Future May Hold for Tesla in Used-Car Market
Friday, Jun. 28, 2013, 06:00 AM
Sarah Rubenoff
Tesla Motors’ non-traditional direct-to-consumer sales model has landed the automaker atop auto industry news this spring, while also leaving many dealers throughout the country up in arms. But little has been said regarding the young company’s potential effect on the used-car market. To get some insight into residual values and the future market for used […] [Read More]
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