Retail
CNW: August Used Sales Likely to Climb 2 Percent
Wednesday, Aug. 22, 2012, 06:00 AM
Auto Remarketing Editor Joe Overby
With much of the growth attributable to private-party numbers, used-vehicle sales are expected to climb more than 2 percent year-over-year in August, according to projections from CNW Research. The firm said Tuesday afternoon that there will likely be 3.89 million used sales this month, compared to 3.81 million in the same period of 2011. This […] [Read More]
Larry H. Miller Automotive Group Celebrates New Honda Store, Hosts Grand Opening
Wednesday, Aug. 22, 2012, 05:54 AM
Auto Remarketing Staff
Larry H. Miller Automotive Group is expanding its presence out West with the grand opening of Honda Murray. The new store — located at 5808 South State Street in Murray, Utah — will welcome the public this coming Monday with a grand opening and ribbon-cutting celebration. The event, starting at 1:30 p.m., “will highlight child […] [Read More]
Greater New York Toyota Dealers Offer Unit Payment and Classroom Supply Assistance for Teachers
Tuesday, Aug. 21, 2012, 03:36 PM
Auto Remarketing Staff
Toyota and the Greater New York Toyota Dealers announced that they are joining forces to help educators who might be suffering financial strain during the last month of summer since many are unpaid during this time. Officials said that when licensed teachers in Connecticut, New Jersey or New York lease any new Toyota, dealers will […] [Read More]
Study: Nearly 4 in 10 Buyers Skip Test Drive of Most-Considered Vehicle
Tuesday, Aug. 21, 2012, 05:58 AM
Auto Remarketing Staff
The vehicle test drive has long been the standard for dealerships looking to influence potential buyers by allowing them to experience a car’s ride and features. According to a new study, however, not all buyers are interested in taking the car for a spin. In its Test Drive Study, Maritz Research reports that 11.4 percent […] [Read More]
NHTSA: GM, Suzuki Recalling 350K Units
Tuesday, Aug. 21, 2012, 05:57 AM
Auto Remarketing Staff
Two recalls posted on the National Highway Traffic Safety administration’s website — one from General Motors and the other from Suzuki — cover more than 350,000 units. The larger of the two is associated with the electrical system on several midsize SUVs, including: —2006 Chevrolet Trailblazer EXT and GMC Envoy XL —2006-2007 Chevrolet Trailblazer, GMC […] [Read More]
Toyota Reveals Change in CPO Leadership
Monday, Aug. 20, 2012, 08:00 AM
Auto Remarketing Editor Joe Overby
Auto Remarketing has learned that Toyota has a new leader in its certified pre-owned program. Brad Heagy, who had been the retails sales & operations manager for TCUV/TRAC for the past year, has taken on the role of sales administration manager for the Toyota sales department. He is actually switching roles with Mia Phillips, who […] [Read More]
August Used Sales on Softening Path
Monday, Aug. 20, 2012, 07:59 AM
Nick Zulovich
The string of at least 4 million used-vehicle sales per month appears to be over if CNW Research’s projection for August sales is accurate. CNW is predicting the combination of used sales by franchised and independent dealers as well as private party transactions to come in at 3.89 million this month. The May figure was […] [Read More]
AutoCanada Increases Used Retail Sales 13 Percent During Most Profitable Quarter
Thursday, Aug. 16, 2012, 04:44 PM
Auto Remarketing Staff
AutoCanada’s most recent quarterly performance was the most profitable quarter ever for the company, and its used retail sales climbed by more than 13 percent year-over-year. AutoCanada announced late last week that pre-tax net earnings for the second quarter came in at $8.9 million, up 11.3 percent year-over-year, while EBITDA climbed 9.7 percent to $10.2 […] [Read More]
Toyota Canada Announces Certified Hybrid Program
Thursday, Aug. 16, 2012, 04:22 PM
Auto Remarketing Staff
The Toyota Certified Used Vehicle program in Canada has seen growth of more than 9 percent this year, having sold over 15,000 vehicles thorough July. And on Monday, the automaker expanded its CPO offering. It announced the launch of the Toyota Certified Used Hybrid program. [Read More]
TrueCar: Subaru Ranks Tops among Manufacturers for Third Straight Month
Thursday, Aug. 16, 2012, 05:56 AM
Auto Remarketing Staff
From manufacturer to brand, cars are all about performance. And in recent rankings, Subaru is still in the lead. Subaru earned the highest grade by manufacturer for the third straight month in the TrueCar.com Performance Scorecards, receiving an A+ for July. BMW and Toyota tied for second in the manufacturer rankings with A grades, while […] [Read More]
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