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]

CNW Research president Art Spinella said “unusual” several times Thursday when discussing July’s used-vehicle sales data with Auto Remarketing. Spinella chose the adjective because he wanted to explain why it was important to emphasize last month’s used sales figure based on month-over-month comparison rather than year-over-year. First, here are the numbers from CNW: Total used […] [Read More]

Not conducting a recall in a timely manner according to regulators cost another automaker more than $17 million. The National Highway Traffic Safety Administration and Ford reached an agreement regarding the recall of 423,634 Ford Escapes from the 2001 through 2004 model years equipped with 3.0L V6 engines and speed control. According to federal documents, […] [Read More]

A longstanding dealership has a brand new home, as the Larry H. Miller Group plans to cut the ribbon on its remodel of an award-winning dealership. Dean Fitzpatrick, president of Larry H. Miller Dealerships, announced this week that a grand opening and ribbon cutting celebration will be held on Aug. 13 for the newly located […] [Read More]

Though the number of franchised dealerships has declined slightly this year, it seems the dealerships that have stuck around are on track to break records and reach an all-time high for average new-vehicle sales per dealership, according to the mid-year Automotive Franchise Activity Report from Urban Science. Healthy sales this year for franchised dealerships has […] [Read More]

One of the nation’s dealer groups expanded its footprint this week, with the announcement of the acquisition of a luxury brand dealership. Continuing its expansion with the acquisition of Chicago-area BMW of Orland Park is the Zeigler Automotive Group, which finalized the sale earlier this summer. BMW of Orland Park opened under Zeigler ownership on […] [Read More]

With what has become a slow economic recovery for Canada as many consumers continue to suffer financial setbacks, the buy-here, pay-here automotive market is experiencing a resurgence of sorts.   Mark Dubois, director and moderator of Buy Here Pay Here Performance Groups at Performance Inc., told Auto Remarketing Canada that this increased interest in BHPH […] [Read More]