Back in 2010, General Motors outlined its plans for an initial public offering in order to generate funds the automaker could use to repay the U.S. Treasury. This week, Chrysler filed paperwork for an IPO, too, but the purpose and potential outcome might not be as straightforward. When asked by Auto Remarketing to explain what […] [Read More]

Double-digit gains in retail and wholesale used-vehicle sales were among the key drivers cited by CarMax leadership in explaining the significant hikes the company saw in its sales and earnings during the second quarter of its 2014 fiscal year. It was what CarMax called better execution in its stores and a favorable consumer credit environment […] [Read More]

CarMax is hiring, announcing on Monday it has openings for more than 1,000 job positions in locations across the U.S. The majority of open positions are in service operations, including detailers, experienced technicians and sales, the company said, with additional positions open in purchasing and the business office. The jobs are permanent full and part-time […] [Read More]

The National Automobile Dealers Association is partnering with the Hiring Our Heroes program sponsored by the U.S. Chamber of Commerce Foundation to help military veterans find meaningful employment. NADA highlighted the Hiring Our Heroes program will work with the vast network of franchised dealerships around the country, as well as the state and metro dealer […] [Read More]

Leasing is rising in popularity once again, and Edmunds.com offered some tips for consumers last week that may be helpful to dealers, as well. The site is projecting that 500,000 more leased vehicles will return to the market in 2013 than in 2012. The question remains will consumers nearing the end of a car lease […] [Read More]

Up North, one Buick GMC dealership is celebrating 55 years in the Rochester Hills, Mich., community. Shelton Buick GMC is gearing up for its anniversary as one of the oldest dealerships in Northern Oakland County. The week-long celebration kicks off today, and customers will be privy to special savings opportunities. Authorized General Motors product specialists […] [Read More]

The National Highway Traffic Safety Administration said BMW of North America is recalling 134,100 vehicles to correct an electrical problem connected to the taillights. The vehicles included in the campaign are 528i, 535i, 550i, and M5 passenger cars from the 2008 through 2010 model years. These units were manufactured from March 1, 2007, through Dec. […] [Read More]

Anderson Automotive Group of Raleigh is on the move, having acquired a Nissan dealership earlier this month. Taking over the former Southern States Nissan dealership here, the Anderson Group has renamed the store Fred Anderson Nissan, according to local news reports by the Triangle Business Journal. Nearby Subaru, Mazda and Hyundai dealerships are merging on […] [Read More]

In light of the recent flooding in Colorado, Texas, and New Mexico, Mazda North American Operations announced late last week it is making two donations to support relief efforts for disasters such as the Colorado flooding through both the American Red Cross and the Humane Society of Boulder Valley. Late last week, Reuters reported the […] [Read More]

For Rick Ricart, general manager of Ricart Automotive Group’s Used Car Factory — which averages 635 retail used vehicles sales a month — it’s all about taking care of the employees. In fact, when asked to give an overview of his customer service strategy, Ricart said, “To me it all begins with employee satisfaction,” a […] [Read More]