Taking note of the Eastern country’s growing used-car market, Kelley Blue Book revealed it will be heading East and launching a new Web-based and mobile product in China. KBB announced a joint venture with marketing company Bitauto Holdings Limited and the China Automobile Dealers Association (CADA).  The new product will operate as a Web-based and […] [Read More]

Days after Manheim’s chief economist Tom Webb reported public dealership groups “are growing through acquisitions,” Lithia Motors announced it has bought another Toyota Scion Store. Geweke Toyota Scion in Lodi, Calif., is now part of Lithia’s dealership group, and the store will be named Lodi Toyota Scion. The company said it will add $40 million […] [Read More]

Car Nation Canada revealed it is opening its ninth dealership. The new Oakville, Ontario, store will provide potential buyers with over 60 used cars for sale on-site to browse through, as well as online access to Car Nation inventory of more than 600 pre-owned vehicles and 1,000 new cars. The Oakville Used Car Superstore, located […] [Read More]

Certified pre-owned sales remained consistent with trends seen throughout this year as the European OEMs once again recorded increases across the board, and one OEM has already reached above 2012 full-year sales results. At Audi Canada, the company sold 415 CPO units last month, which marks a 17 percent increase over October 2012. Year-to-date, this […] [Read More]

In the October TradeTracker Used Vehicle Market Report, Toyota Corolla topped the list as the most appraised vehicle in Canada. The Corolla was followed by the popular Ford F-150, which holds the title of the most appraised vehicle year-to-date. These reports are provided monthly to Auto Remarketing Canada and are a result of Dealertrack Technologies' […] [Read More]

Because hammering out an agreeable trade-in value creates negative feelings for potential buyers, AutoTrader.com offered four tips to help dealers ease the pain of the trade-in and increase customer satisfaction. Site officials wanted to create a strategy for stores because they contend satisfaction with the vehicle-buying process decreases significantly once consumers make the transition from […] [Read More]

When looking at the spreadsheet of October certified pre-owned results provided by Autodata Corp., one thing that’s noticeable is the wealth of double-digit-percentage increases in the column comparing individual brands’ sales against year-ago results. In fact, all but three of the 12 domestic brands listed in the firm’s data set showed double-digit improvement in CPO […] [Read More]

After September saw the percentage of near-term intenders planning to purchase or lease a new car within the next three months fall slightly, levels remained more “stable” this past month. According to data provided by Phoenix Marketing’s October Auto Insights report, the percentage of near-term intenders in the market for a new car now sits […] [Read More]

Though their respective market shares were down from a year ago, it was another banner month for import brands in the certified pre-owned market. CPO sales for European brands climbed 14 percent year-over-year in October, according to Autodata Corp., whose data indicates that Asian brands saw about the same level of increase (up 13.8 percent). […] [Read More]

The Big 3 increased their share of the certified pre-owned market by nearly 4 percentage points in October, as their CPO sales climbed more than 35 percent year-over-year and edged the year-to-date sum closer to 600,000 units. That’s according to Autodata Corp., which shared a brand-by-brand breakdown of certified sales data as well as industry-wide […] [Read More]