Retail
Sonic Notches Best-Ever Used Retail Sales
Tuesday, Jul. 24, 2012, 06:00 AM
Nick Zulovich
Sonic Automotive generated the largest used-vehicle retail volume in company history during the second quarter as the company’s dealerships turned 27,528 units, up from 26,799 units in the year-ago span. The volume jump helped Sonic to post a 4-percent gain in used-vehicle revenue, according to the company’s financial statement released on Monday. Sonic’s second-quarter earnings […] [Read More]
Big 3 Model Tops Luxury Sedan Ratings by Total Car Score
Tuesday, Jul. 24, 2012, 05:54 AM
Auto Remarketing Staff
Total Car Score released its newest automotive ranking this week, ranking the class of 2013 entry-level luxury sedans. It awarded the top spot to the 2013 Cadillac ATS. To earn the hands-on ranking, Cadillac’s model excelled over the BMW 3-Series and the Infiniti G in the review, said Total Car Score editor-in-chief Karl Brauer. “After […] [Read More]
Moving 10,000 Trade-ins to Different Stores Helps AutoNation Boost Q2 Retail Sales
Friday, Jul. 20, 2012, 06:52 AM
Nick Zulovich
AutoNation explained to Wall Street observers on Thursday a strategy many dealers likely are employing nowadays. If a trade-in can be retailed, it’s going to be through any means available. In fact, president and chief operating officer Michael Maroone said the company transported 10,000 used units from one store to another during the second quarter. […] [Read More]
Ford Recalls 2013 Escape Again; Honda to Fix 200K Units
Friday, Jul. 20, 2012, 06:52 AM
Nick Zulovich
As both American Honda and Honda Canada explained a recall of nearly 200,000 units, Ford discussed the second recall in a week for the 2013 Escape. While the Blue Oval’s previous notice had to do with the Escape clearance for the gas pedal, Ford’s recall revealed on Thursday is even more severe as the automaker […] [Read More]
NHTSA Investigating Throttle Issue with 730K Ford Escapes, Mazda Tributes
Thursday, Jul. 19, 2012, 05:55 AM
Auto Remarketing Staff
Officials estimated about 730,000 units — all of which are Ford Escape and Mazda Tribute units from the 2001 through 2004 model years — are now under investigation by the National Highway Traffic Safety Administration’s Office of Defects Investigation. ODI investigators revealed in documentation this week that they have been monitoring an issue involving the […] [Read More]
Edmunds.com: New Dodge Dart Ad Turns Shoppers’ Heads; What About ‘Chevy Confidence’ Program?
Thursday, Jul. 19, 2012, 05:54 AM
Auto Remarketing Staff
As OEMs gear up for summer clearance events, trying to get all the 2012 models off dealer lots, new ads and incentive programs are debuting each week. And just this past week, Chrysler debuted a new ad for its Dodge Dart, while General Motors launched a new “Chevy Confidence” incentive program. Just how did these […] [Read More]
Foresight Research: Influence of Auto-Sponsored Events Impacted by Drop in Incentives
Wednesday, Jul. 18, 2012, 05:59 AM
Auto Remarketing Staff
While car sales have improved, the effects of automotive-sponsored events on sealing the deal with buyers seem to have declined as of late, according to a new study. A reduction in available incentives deals is a likely culprit for the drop, according to researchers at Foresight Research, which released results of its 2012 Automotive Marketing […] [Read More]
Nissan, Ford & Volvo Issue Recalls
Wednesday, Jul. 18, 2012, 05:54 AM
Auto Remarketing Staff
Among other recalls posted to its Safercar.gov website, the National Highway Traffic Safety Administration recently shared details of vehicle recalls from Nissan, Ford and Volvo. The largest of the these is associated with the 2012 Nissan Juke as the automaker is recalling 11,076 units manufactured between Feb. 3 and May 26. Due to an incomplete […] [Read More]
AutoTrader Names 7 Best CPO Minivans Under $20K
Tuesday, Jul. 17, 2012, 03:10 PM
Auto Remarketing Staff
Amid a certified pre-owned market that continues to grow, AutoTrader.com delved into one particular segment of this business, assembling a list of what it considers to be top seven CPO minivans that retail for $20,000 or less. In compiling this list, site writer Jeffrey Archer included a mix of five import models and a pair […] [Read More]
Toyota’s Carter Promoted
Tuesday, Jul. 17, 2012, 05:57 AM
Auto Remarketing Staff
Toyota Motor Sales USA has announced that Bob Carter, group vice president and general manager of the Toyota division, has been promoted to senior vice president of automotive operations to replace the retiring Don Esmond. MS revealed that Esmond has been named senior adviser and will aid in the transition leading up to his retirement. […] [Read More]
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