CarMax founder Rick Sharp was honored this week for his leadership to the company, and an educational endowment has been created in his honor. Nearly 20 years after CarMax opened its doors at the first store in Richmond, Va., a store dedication ceremony held Monday honored Sharp, its retired board chairman. The ceremony included the […] [Read More]

Already drawing praise from top-ranking large dealer group leadership, Cadillac today announced enhancements to its certified pre-owned vehicle program, including higher levels of warranty coverage and benefits for owners and shoppers. Effective today, General Motors said Cadillac’s certified pre-owned vehicles will extend coverage to match the new vehicle bumper-to-bumper warranty for up to six years […] [Read More]

With just a couple days of May gone by, it’s already looking like April was another whale of a month for certified pre-owned sales. Several brands have reported monthly CPO figures to Auto Remarketing, with a few hitting records. For instance, Volkswagen had its strongest April ever, selling 8,237 CPO units for a 10.3-percent upswing. […] [Read More]

In the first quarter, Group 1 Automotive pushed its consolidated used-vehicle retail revenue up by a double-digit percentage as retail used unit sales climbed 12 percent. The retailer released first-quarter financial results on Thursday; within its consolidated results (which include the U.S and international operations), used retail revenue came in at $471.4 million, a 13.6-percent […] [Read More]

Ally Financial this week announced its presentation of funds to a charity selected by this year’s TIME Dealer of the Year. After naming Michael Alford of Marine Chevrolet Cadillac the winner of the 2013 award earlier this year, Ally executives were in North Carolina this week to present a $10,000 grant to Alford’s chosen charity, […] [Read More]

As Candian certified pre-owned sales numbers for April came rolling in, double-digit sales increases and best-ever months were shared across the drawing board, with one company notching its best April ever, and year-to-date sales increases in most every report Auto Remarketing Canada received. Over at Volkswagen Canada, the company sold 1,310 CPO vehicles this past […] [Read More]

Tight wholesale inventories have forced dealers to look far and wide for used vehicles. Now based on information CNW Research uncovered in relation to April’s used-sales performance, buyers are going farther away from home to find the model they want. As April used sales inched up 0.7 percent higher compared to a year ago, CNW […] [Read More]

On Tuesday, Mercedes-Benz USA revealed a series of management changes, effective today, including naming a new general manager of fleet and pre-owned. Appointed to the position is Kurt Cornell, who most recently served as an area manager for the Western region. “In his new role, Cornell will be responsible for volume, customer experience and profit […] [Read More]

NADA Used Car Guide executive analyst Jonathan Banks predicted strong sales performances for both used and new models for the rest of this year. In a video interview on “AutoFocus with David Hyatt,” Banks reviewed first-quarter results and discussed the positive impact the recovering economy is having on sales of cars and trucks. “Everyone talks […] [Read More]

The next free Auto Remarking Training Series webinar will feature top trainers from Carfax and FirstLook in a session geared for managers who want to get the most out of their used-car inventory. The session will include DJ Sherwood, process improvement manager at Carfax, as well as Steve Miner, director of product marketing at FirstLook. […] [Read More]