In two recalls announced this week, Nissan will be pulling certain model-year 2014 Versa Note vehicles which make up over 13,000 units because of possible problems with bolts installed on various areas of the vehicles. First up, in an action that affects 7,782 units, the company will be recalling certain model-year 2014 Versa Note vehicles […] [Read More]

Though pre-owned prices have decreased slightly from 2012 rates, data from Edmunds.com indicates that “used prices remain elevated over past norms.” Rising 1.9 percent from first-quarter levels, the average retail price for used vehicles sold at franchised dealerships was $16,134, the company said in its latest Used Market Quarterly Report. And though this represents a […] [Read More]

Though off modestly from June, last month’s certified pre-owned sales jumped 21 percent from July 2012 and resulted in the strongest daily selling rate of all time, according to Autodata Corp. Dealers moved 182,753 CPO units in July, compared to 151,059 in the same month last year. This moved the 2013 year-to-date sum to 1.23 […] [Read More]

During the second quarter — which garnered 9.2 million sales for the used-car industry, according to the Used Market Quarterly Report from Edmunds.com — one brand, in particular, managed to snag the top two spots on both the list of most-researched used vehicles on Edmunds.com as well as the list of most-purchased used vehicles at […] [Read More]

Thirty-five percent of the used vehicles sold retail in the U.S. by Penske Automotive Group during the second quarter were certified pre-owned models. That’s according to a quote from the retailer’s chairman, Roger Penske, published in a transcription of the dealer group’s quarterly conference call last week by Seeking Alpha that can be found at: [Read More]

How do consumers approach the car shopping process? That key information is the focus of the fourth annual Interactive Advertising Summit series by AutoTrader.com. The series kicks off today at the Terranea Resort in Rancho Palos Verdes, just outside of Los Angeles. Two additional summits are scheduled for other cities in September. The theme of […] [Read More]

While he also discussed reasons for sagging sales at buy-here, pay-here dealerships and pre-approvals for used-vehicle financing, surges in floor traffic and closing ratios associated with last month’s new-vehicle sales prompted CNW Research president Art Spinella to say, “The final 10 days of July were a wild ride, indeed.” CNW indicated floor traffic — that […] [Read More]

Brand-by-brand certified pre-owned results for July began pouring in late last week, and the market looks promising so far. With 6,734 CPO sales, Hyundai, for instance, had its best-ever July and the second-strongest month on record for certified, said Jose Froehlich, senior manager of certified pre-owned at Hyundai Motor America. The July sum also represented […] [Read More]

As July’s new-vehicle retail sales figures settled, AutoNation celebrated the retailing of 9 million vehicles in company history by giving a new model to a loyal customer. The company recapped that Nick Gordon, who is 92 years old and lives in Palmetto, Fla., recently came into AutoNation Ford of Bradenton to purchase a new Ford […] [Read More]

Late last week, AutoTrader.com launched a new vehicle commercial inventory listing program for Chevrolet and GMC Business Elite dealers. The site contends the new offering gives dealers the opportunity to “differentiate their commercial truck and van listings on the site and create program awareness with small business owners.” [Read More]