CPO sales estimates for May reflect current choppy used-car sales environment
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Retail
Chrysler Recalls Another 14K Vehicles
Tuesday, Jun. 11, 2013, 02:53 PM
Auto Remarketing Staff
For the second time in a week, a recall is coming from Chrysler Group. This time, the automaker said it will recall approximately 14,800 vehicles to recalibrate their powertrain control modules. Officials indicated the recall affects only 2013 Dodge Dart models equipped with a 1.4-liter engine and dual-clutch transmission. Chrysler explained internal testing uncovered a […] [Read More]
Group 1 Automotive Sells 4 US Dealerships
Monday, Jun. 10, 2013, 07:57 AM
Auto Remarketing Staff
Four U.S. dealerships have been sold by Group 1 Automotive, the company announced on Friday. In three separate transactions over the past three weeks, Group 1 Automotive said it has disposed of Miller Honda and Miller Toyota in Culver City, Calif.; World Ford in Stone Mountain, Ga.; and Messer Mazda in Amarillo, Texas. In addition […] [Read More]
CarMax Foundation Launches $4M Partnership for Play
Monday, Jun. 10, 2013, 07:54 AM
Auto Remarketing Staff
The results of a new partnership announced by CarMax won’t be seen on the lots. Instead, the launch of a $4.1 million national partnership between The CarMax Foundation and national nonprofit KaBOOM will build playgrounds. CarMax late last week said the project will result in 30 playgrounds across the U.S. by the end of 2015, […] [Read More]
Brand-by-Brand Look at May CPO Results
Friday, Jun. 7, 2013, 06:08 AM
Auto Remarketing Editor Joe Overby
Amid the industry’s second-strongest certified pre-owned sales month in history, it appears the CPO segment was once again a strong selling tool for dealers throughout a bevy of OEM programs. Autodata Corp. reported all-time CPO sales records at Ford, Kia, Mini and Subaru, and several others were reporting best-ever May results. [Read More]
23 of the Most ‘Satisfying’ Vehicles
Friday, Jun. 7, 2013, 06:08 AM
Auto Remarketing Staff
AutoPacific announced Thursday its 17th annual Vehicle Satisfaction Awards, with luxury brands dominating the list. First up, the Top Premium Brand is Cadillac, and Buick notched the title of Top Popular Brand for satisfaction. The vehicle (car or truck) registering the highest satisfaction rate is the Cadillac SRX luxury crossover SUV. Specifically for cars, the […] [Read More]
630K Jeeps Recalled Worldwide; 435K in US
Friday, Jun. 7, 2013, 06:08 AM
Auto Remarketing Editor Joe Overby
Chrysler has announced a recall of certain Jeep models – but the group of vehicles involved might not be what first comes to mind, given this week’s earlier news involving the the automaker and the National Highway Traffic Safety Administration. The automaker said Thursday it is recalling around 435,000 later-model units in the U.S. in […] [Read More]
Latest Breakdown of Leasing Payments
Friday, Jun. 7, 2013, 05:58 AM
Auto Remarketing Editor Joe Overby
As Experian Automotive noted earlier this week in its State of the Automotive Finance Market, lease penetration levels are at historic highs. Shortly after this report came out, Swapalease.com dove into an analysis detailing what consumers have been paying lately for these cars. The site released a list of the average monthly payments on the […] [Read More]
2 Automakers Hit Record Canadian CPO Sales
Thursday, Jun. 6, 2013, 01:32 PM
Auto Remarketing Canada Editor Sarah Rubenoff
Two automakers notched their best certified pre-owned sales month ever in Canada, one managed a year-over-year increase of more than 30 percent, while year-to-date totals soared for many. These are just a few high points of the Canadian CPO sales results rolling in for May. [Read More]
CPO Market Achieves Second-Strongest Sales Month Ever
Thursday, Jun. 6, 2013, 06:01 AM
Auto Remarketing Editor Joe Overby
Certified pre-owned sales in May represented the second-strongest month in the history of the CPO market, and beat year-ago figures by more than 19 percent, according to Autodata Corp. The firm released numbers late Wednesday afternoon, indicating there were 187,044 certified sales in May, which marked a 19.2-percent hike from May 2012. Dealers have now […] [Read More]
Toyota Recalls 87K Cars In US
Thursday, Jun. 6, 2013, 05:54 AM
Auto Remarketing Staff
Toyota Motor Sales USA announced a recall this week of approximately 87,000 cars from the 2010 model year. Toyota said it will conduct a voluntary safety recall involving the 2010 Toyota Prius and Lexus HS 250h vehicles. (The worldwide recall involves approximately 242,000 vehicles, a Toyota spokesperson indicated.) The recall is based on a […] [Read More]
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