NCM Associates hired four new associates to serve its retail automotive clientele, including the franchised and buy-here, pay-here dealer segments. Joining the company as executive conference moderators for the 20 Groups division under Kevin Cunningham are Paul Kechnie, Joe Basil and Gene Daughtry. The company said Steve Hall has joined the faculty of the NCM […] [Read More]

When 2012 full-year used-vehicle sales are tallied, the sum is expected to be a five-year high, according to CNW Research. The firm’s Retail Automotive Summary released Friday afternoon said the industry’s final used sales count will likely reach 40.53 million units, which would be a 4.5-percent year-over-year hike. What’s more, this would be the best […] [Read More]

Pick a financial statement metric — net sales and operating revenues, net earnings, used unit sales, finance arm income — and CarMax posted a double-digit jump year-over-year during the third quarter of its current fiscal year. The company said Thursday that its third-quarter net earnings grew 15 percent to $94.7 million or $0.41 per diluted […] [Read More]

The National Highway Traffic Safety Administration said General Motors is recalling 118,800 midsize trucks because the hood of these units may be missing the secondary latch. The models included in the campaign are the 2010 through 2012 Chevrolet Colorado and GMC Canyon trucks manufactured from Nov. 9, 2009, through Aug. 28. If the primary hood […] [Read More]

The National Highway Traffic Safety Administration said Hyundai is recalling certain versions of the 2012 Veloster in separate campaigns to correct an issue with the sunroof as well as the parking brake. The larger of the two recall notices is for a total of 13,500 Velosters manufactured from Nov. 1, 2011 through April 17 and […] [Read More]

The CarMark Certified Pre-Owned program recently announced the addition of seven new dealers to its program. The dealers are located in six different states across the country and have already begun selling CarMark vehicles, according to Bill Zadeits, manager of POADA, which owns the CarMark Certified program.   The seven new CarMark dealerships are: •   […] [Read More]

In the days leading up to the new year, DesRosiers Automotive Consultants looked back at some of its predictions made in early 2012 to gauge which of their claims and expectations manifested in the market. From the large pickup truck market to the popularity of diesel vehicles, company president Dennis DesRosiers took a look at […] [Read More]

Edmunds.com will open its “hack” event to those outside the company for the first time this winter, offering the chance to solve real-world auto industry issues and win up to $10,000 in cash.   “Hack-O-Motive” is a two-day event that aims to re-invent the car shopping experience by bringing together consumers, dealers, manufacturers, designers and technologists […] [Read More]

For Courtney Cole, sixth-generation dealer and co-owner of Hare Chevrolet in Noblesville, Ind., the strength in her dealership comes from the “ability to differentiate” itself from the competition. This dealer says it’s all about standing out. Cole owns the family business with her sister Monica Peck. Cole heads up the sales department, while Peck runs […] [Read More]

In an action that represents the single highest civil penalty amount ever paid to the National Highway Traffic Safety Administration for violations stemming from a recall, this morning Toyota agreed to pay $17.35 million to settle claims related to the timeliness of a recall made back in June. That campaign was to address the potential […] [Read More]