Used-vehicle performance numbers brought mixed results for AutoCanada during the first quarter. The company saw slight overall used sales and revenue increases, but pre-owned same-store numbers showed a bit of a different story. Used retail vehicles sold came in at 2,187 for Q1, up slightly from the 2,172 pre-owned units sold in the fourth quarter […] [Read More]

BMW of North America is recalling more than 42,000 vehicles in the U.S. for an issue dealing with the passenger-side frontal air bag. The National Highway Traffic Safety Administration said certain model-year 2002 –2003 325i, 325xi, 330i, 330xi sedans; 325Ci and 330Ci coupes and convertibles; 325iT and 325xiT Sports Wagons; and M3 coupes and convertibles are […] [Read More]

Soon after revealing a new deal for AAA customers, the Hertz Corp. announced it is relocating its corporate headquarters. The company will be moving its worldwide headquarters to Estero, Fla., from its current location of Park Ridge, N.J. This decision was made after its recent acquisition of the Dollar Thrifty Automotive Group, a deal which […] [Read More]

Based on preliminary results shared by Autodata Corp., the estimated total for industry-wide certified pre-owned sales in April would be the second-best month of all time. Autodata is estimating that April CPO sales reached 176,314, which would be a 23.2-percent year-over-year increase. It would trail the best-ever month — which, incidentally, was March — by […] [Read More]

General Motors announced on Monday that it is recalling 38,197 Chevrolet Malibu Eco and Buick LaCrosse and Regal sedans from the 2012 and 2013 model-years sold in the United States and equipped with eAssist to screen the generator control module for proper operation. The automaker said some of these vehicles may have a condition in […] [Read More]

CarMax founder Rick Sharp was honored this week for his leadership to the company, and an educational endowment has been created in his honor. Nearly 20 years after CarMax opened its doors at the first store in Richmond, Va., a store dedication ceremony held Monday honored Sharp, its retired board chairman. The ceremony included the […] [Read More]

Already drawing praise from top-ranking large dealer group leadership, Cadillac today announced enhancements to its certified pre-owned vehicle program, including higher levels of warranty coverage and benefits for owners and shoppers. Effective today, General Motors said Cadillac’s certified pre-owned vehicles will extend coverage to match the new vehicle bumper-to-bumper warranty for up to six years […] [Read More]

With just a couple days of May gone by, it’s already looking like April was another whale of a month for certified pre-owned sales. Several brands have reported monthly CPO figures to Auto Remarketing, with a few hitting records. For instance, Volkswagen had its strongest April ever, selling 8,237 CPO units for a 10.3-percent upswing. […] [Read More]

In the first quarter, Group 1 Automotive pushed its consolidated used-vehicle retail revenue up by a double-digit percentage as retail used unit sales climbed 12 percent. The retailer released first-quarter financial results on Thursday; within its consolidated results (which include the U.S and international operations), used retail revenue came in at $471.4 million, a 13.6-percent […] [Read More]

Ally Financial this week announced its presentation of funds to a charity selected by this year’s TIME Dealer of the Year. After naming Michael Alford of Marine Chevrolet Cadillac the winner of the 2013 award earlier this year, Ally executives were in North Carolina this week to present a $10,000 grant to Alford’s chosen charity, […] [Read More]