Retail
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]
EXCLUSIVE: Late-Model & CPO Large Pickups Scarce this Past Month
Wednesday, Aug. 15, 2012, 06:00 AM
Sarah Rubenoff
Perhaps a result of the decrease in gas prices earlier this summer, accompanied by increased consumer interest in trucks and larger units, shoppers in the market for late-model used or certified pre-owned pickup trucks may have to shop around a bit more than usual. [Read More]
Franchised Dealer Body Likely to Reach Record Profitability, Per-Store Sales
Wednesday, Aug. 15, 2012, 05:58 AM
Auto Remarketing Staff
Not only is the body of franchised dealers in the U.S. expected to grow for the second straight year, these stores are likely to hit an all-time high for average new-vehicle sales per dealership, according to the latest Franchise Activity Report from Urban Science. And these record sales would then bring record profitability, the study […] [Read More]
Retooled Ford CPO Programs Push Dealer Engagement, More
Tuesday, Aug. 14, 2012, 03:56 PM
Auto Remarketing Editor Joe Overby
The revamped certified pre-owned programs at Ford are on track to eclipse 2011 sales by 29 percent, the automaker said Monday, but that’s not the only sign of progress being spotted in its retooled CPO offering. National CPO sales manager Todd Fites shared with Auto Remarketing a few other strides Ford has made in the […] [Read More]
3 in 5 Maintenance Plan Customers Likely Remain Loyal to Dealership Long-Term
Tuesday, Aug. 14, 2012, 05:58 AM
Nancy Pardue
Dealerships that offer free and pre-paid maintenance plans stand a better chance of retaining their service customers. That’s the word from DMEautomotive, per the results of a new study. On Monday, DMEa released key findings from its new national consumer survey, which studied more than 2,000 U.S. vehicle owners in April of this year. The […] [Read More]
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