News hit the stands Tuesday suggesting that 2012 marked the best used-vehicle market in five years, as CNW Research reported that full-year used sales came in at 40.5 million units. However, the jury is still out when it comes to predictions for 2013. But as many industry experts voice expectations for record level new-car registrations […] [Read More]

General Motors announced late last week that it is recalling about 55,000 full-size trucks and vans in the United States to inspect the steering column for a possible defect. GM said it knows of no crashes or injuries related to the condition. If the steering column defect is present, the automaker said one or more […] [Read More]

Subaru of America is summoning a total of 633,842 units in hopes of repairing the 53,999 vehicles that need a remedy to fix an issue with door lights. Company officials clarified to Auto Remarketing on Thursday that Subaru is including such a large number of models because only a portion of the requested vehicles may […] [Read More]

Group 1 Automotive has expanded its presence in the Kansas City metropolitan area with the purchase of a Kia dealership in Overland Park, Kan. The retailer announced the purchase of Shawnee Mission Kia earlier this week, noting the store will likely bring in an estimated $65 million in revenue each year. This move follows a […] [Read More]

In a show of support for those affected by Hurricane Sandy, vehicle fleet management firm ARI and its parent company, Holman Automotive Group, made a $50,000 donation to the American Red Cross. The check presentation, made on Dec. 12 at ARI, is meant to aid ongoing efforts to support storm victims as they rebuild.  “So […] [Read More]

Chrysler Group revealed over the holidays it will be making a recall in Canada regarding 2013 Ram 1500 pickups. The 3,021 trucks being recalled need to have their daytime running lights — which are required by Canadian law — activated. Explaining the recall, the OEM shared that production schedules supplied to Chrysler Group assembly plants […] [Read More]

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]