Franchised dealers in one Florida market far and away posted the highest used-vehicle transaction prices last month. According to CNW Research data shared with Auto Remarketing on Monday, used transaction prices at franchised dealerships in West Palm Beach, Fla., and Fort Pierce, Fla., averaged $22,042 in February. Coming next at more than $5,000 less were […] [Read More]

AutoNation appointed a new independent director to its board late last week. Joining the leadership team is the president of ESL Investments — AutoNation's largest stockholder — Mike Mikan. “We are very pleased to have Mike join the AutoNation board,” said Mike Jackson, AutoNation’s chairman and chief executive officer. “Mike brings a wealth of operational […] [Read More]

In conjunction with National Nutrition month, Longo Toyota — Auto Remarketing’s 2012 CPO Dealer of the Year — revealed late last week, it will be kicking off Wellness Wednesdays this March, as part of the dealership’ Wellness and Fitness Program for its team members. The Wednesday evening events will include the nutrition classes, yoga, zumba […] [Read More]

NADA Used Car Guide director of dealer services Stu Zalud is out to help store managers through a free webinar this week titled, “Optimizing the Power of Your Data.” Zalud explained the session is geared to teach dealers and managers how to protect and leverage the data they already have to improve their stores effectiveness […] [Read More]

The CarMark Certified Pre-Owned program has announced the addition of two new dealers: Powers-Swain Chevrolet in Fayetteville, N.C., and Regan Ford in Haverhill, Mass. Operated by the Pre-Owned Automobile Dealers Alliance (POADA), CarMark Certified Pre-Owned provides inspections, vehicle history reports, warranties, roadside assistance and other great benefits across a wide spectrum of makes and models. [Read More]

While Subaru is recalling more than 47,000 units, Ford is rolling out a campaign to recall 230,000 vehicles in Canada and predominantly from cold weather states in the U.S. Blue Oval officials on Thursday said they are recalling 2004 through 2007 Ford Freestar and Mercury Monterey vehicles with a third row fold flat seat. The […] [Read More]

After numerous automakers in Canada, such as Volvo and Audi, reported double-digit certified pre-owned sales jumps for the first month of year, records once again are rolling in as February's Canadian CPO sales results hit the presses. And one program achieved a new record for year-to-date sales this past month. Audi of Canada sold a […] [Read More]

In the Beige Book report released Wednesday by the Federal Reserve, dealers in a few of the 12 districts talked about how the used-car market was faring in their respective areas during the early part of this year. What did these dealers have to say? Starting with the Fourth District (Cleveland), the Fed pointed out […] [Read More]

Following a successful fundraiser for United Way last December, Chrysler dealers will now repeat the sales promotion efforts with the goal of doubling donations. This week, Chrysler Group announced that the company and its 42 Detroit metro dealerships will re-launch a fundraising initiative for United Way for Southeastern Michigan during the month of March, after […] [Read More]

In a certified pre-owned market that keeps gaining steam, the CPO programs of at least nine brands enjoyed their best February on record last month, based on reports from automakers. February records were set for the Ford/Mercury, Hyundai, Kia, Mazda and Mercedes-Benz brands, as well as the Nissan, Subaru, Toyota and Volkswagen brands. How did […] [Read More]