Toyota, Honda, Nissan and Mazda are among the automakers planning recalls stemming from an airbag issue created by a defective product manufactured by one of the industry’s largest suppliers. Among the 3.4 million units worldwide expected to be recalled, Toyota, Honda and Mazda offered specific details on Thursday about which models are subject to issues. […] [Read More]

Along with strong gains in wholesale unit sales and CarMax Auto Finance income, improved used unit sales help push CarMax to record earnings for its recently completed fiscal year and fourth quarter. Overall, the company reported net sales and operating revenues of $2.83 billion (up 14 percent year-over-year) for the fourth quarter ending Feb. 28 […] [Read More]

Chrysler Group issued six separate recalls earlier this week, involving approximately 215,000 vehicles in the U.S. According to the automaker, the recalls stem from a variety of different reasons, including: Tunnel Shield Chrysler said it will recall approximately 78,500 older-model 4×2 SUVs to brace a heat shield that can loosen and contact the driveshaft, causing […] [Read More]

Though fleet and off-rental supply at auctions has been low during the years following the 2008 recession, the number is picking back up, which could bode well for the supply environment in the years to come. Specifically, according to a DesRosiers Automotive Consultants analysis of data from R.L. Polk & Co., approximately 18 percent of […] [Read More]

As the official first day of spring passed in March, automakers were rolling out certified pre-owned units to customers at an increasing rate, with many automakers notching double-digit sales increases. One European brand even achieved its best first-quarter certified sales numbers ever. Over at Audi, Jonathan Breton, manager of certified pre-owned and corporate sales, told […] [Read More]

March was the strongest certified pre-owned month ever, and year-to-date sales mark the best quarter in the history of the market, according to Autodata Corp. Not to mention, the number of brands hitting best-ever sales was in the double digits. Here’s a breakdown of how individual brands fared in March, based on data from Autodata […] [Read More]

The Buick Achievers Scholarship Program has revealed the first five of 100 U.S. high school and undergraduate college students that will receive up to $25,000 in annual scholarships for “demonstrating excellence in the classroom and in the community.” [Read More]

Bringing more than four decades of industry experience with them, NCM Associates hired two new associates to serve its retail automotive clientele this week. Joining the dealership training firm are Mark Shackelford and Kevin Herndon. Shackelford, formerly of the National Automobile Dealers Association, joined NCM as executive conference moderator for the 20 Groups division under […] [Read More]

American Honda Motor Co. has recognized 114 Acura dealers with this year’s Precision Team – Dealer of Distinction Award, which recognizes stores that “exemplify the core values of the brand.” The company indicated that objectives of the award — which was created in 1987 — are adjusted every year “to continually challenge dealerships to excel […] [Read More]

The best-ever month for certified pre-owned sales capping the best-ever quarter in the CPO market. A slew of brands achieving their best certified sales in history. Sound familiar? It should. [Read More]