The new-vehicle selling rate remains strong this month, driven by consumers looking to replace aging rides, according to a monthly sales forecast developed by J.D. Power and Associates' Power Information Network and LMC Automotive. But what does this mean for the used market? To find out, Auto Remarketing chatted with Deirdre Borrego, vice president and […] [Read More]

In discussing the retailer’s first-quarter performance during a conference call last week, AutoNation chairman and chief executive officer Mike Jackson continued to be “frank” about how the company’s used-vehicle operation has performed. Listeners were reminded of quarterly calls in 2012, when management stressed the need for used-vehicle improvement. Fresh off the first quarter of 2013, […] [Read More]

American Honda said last week it will recall more than 180,000 units because of an issue with the brake shift interlock system. The campaign covers approximately 128,000 Honda CR-V vehicles and 59,000 Honda Odyssey vehicles from the 2012–2013 model years and 17,500 Acura RDX vehicles from the 2013 model year in the U.S. The recall […] [Read More]

Dealers in the cities named by Cars.com as having the “greenest car shoppers” might want to consider ramping up their more fuel-efficient options. Late last week, the site compiled a list of U.S. cities with the most environmentally-conscious car shoppers. From San Diego to Washington D.C., the list goes coast-to-coast. That said, the study indicated […] [Read More]

Joe Eikenberg Sr., a former president of the National Independent Automobile Dealers Association and a past president of U-Save Auto Rental of America, died this week, it was reported.  Details on funeral arrangements were unavailable. Eikenberg, 86, was a national leader in the independent used-vehicle industry in the 1980s and 1990s.  He was named the […] [Read More]

The solid first-quarter gains in same-store used unit sales reported by AutoNation on Thursday and similar results shared by CarMax last week could be a harbinger of additional positive news on the used-car side from other retailers in coming weeks, says Manheim’s Tom Webb. CarMax reported a 6-percent uptick in comparable store used unit sales […] [Read More]

The 2013 Auto Remarketing Canada Conference, presented by CarProof, offers attendees something new this year: the opportunity to honor outstanding members of the industry. This year, conference organizers will present the Auto Remarketing Canada Dealer of the Year Award, presented by CarProof; and the Auto Remarketing Canada Remarketer of the Year Award, presented by IARA, […] [Read More]

McLaren Automotive has officially joined the certified pre-owned fray. Calling it “McLaren Qualified,” the British manufacturer of high-performance luxury sports cars has rolled out its bespoke pre-owned car program. Announced last week, the company said in a press release that McLaren Qualified is the first approved program for pre-owned McLaren models. This news follows the […] [Read More]

Along with its selections as the Top 10 models for teen drivers, USAA unveiled its third annual best value vehicles list naming the top 2013 models that offer affordability, safety and reliability. USAA’s 2013 Best Value list includes three Dodge models. Neither a large luxury SUV nor a small pickup met the USAA Preferred requirements. […] [Read More]

Honda Canada recently announced it will voluntarily recall select Acura and Honda vehicles for a passenger airbag issue. The company said approximately 11,043 Acura 1.7 EL vehicles and roughly 80,854 Honda Civic vehicles from the 2001–2003 model years; an estimated 6,140 CR-V vehicles from the 2002–2003 model years; and approximately 9,749 Odyssey vehicles from the […] [Read More]