Retail
TrueCar: Used Sales Up More Than 6 Percent in June
Tuesday, Jun. 26, 2012, 05:58 AM
Auto Remarketing Staff
Though not expected to show as dramatic an improvement as the new-vehicle market, used-car sales are projected to wrap up the month ahead more than 6 percent of June 2011, according to TrueCar.com. The firm is predicting 4.77 million used sales for June, which would be a 6.3-percent improvement from a year ago and a […] [Read More]
North Carolina Dealer Rises to be NIADA President
Tuesday, Jun. 26, 2012, 05:57 AM
Auto Remarketing Staff
A North Carolina dealer is ready to take the reigns as president of the National Independent Automobile Dealers Association. Officially assuming the role during NIADA’s 66th Annual Convention and Expo at Caesars Palace in Las Vegas was Chris Martin, president of E-Z Auto in Fayetteville, N.C. Martin, the son of champion drag racer Buddy Martin […] [Read More]
Chrysler Group Takes The Showroom on Wheels
Tuesday, Jun. 26, 2012, 05:54 AM
Auto Remarketing Staff
Most dealers and shoppers are familiar with the vehicle showroom — pristine, well-lit areas to show off nameplate’s newest models — but normally, these elements of the dealership stay put. That said, what if the showroom took off on wheels? Chrysler Group has run with this idea and is hitting the road with its 2012 […] [Read More]
TrueCar Names Asbury Founder Gibson to Board
Monday, Jun. 25, 2012, 08:02 AM
Auto Remarketing Staff
TrueCar has appointed the founder and former top executive of Asbury Automotive Group — whose background also includes executive roles with Chrysler, Ford and Subaru of America — to serve as a member of its board of directors. Named to the position today is Tom Gibson, who founded Asbury in 1994 and served as its […] [Read More]
GM Recalls More Than 400,000 Cruzes
Monday, Jun. 25, 2012, 08:02 AM
Nick Zulovich
As National Highway Traffic Safety Administration investigators ramped up separate files associated with close to 1.8 million Toyota and Chevrolet vehicles, General Motors revealed late last week the automaker will recall 413,418 Chevrolet Cruzes in the United States for the 2011 and 2012 model years. Officials said the recall is necessary to modify the engine […] [Read More]
NADA Rolls Out Fully Automated Online Energy Use Survey
Saturday, Jun. 23, 2012, 07:54 AM
Auto Remarketing Staff
The National Automobile Dealers Association recently introduced what it’s calling a fully automated online energy usage survey as part of a national effort to understand energy consumption trends among dealerships in the United States. NADA explained that data derived from the survey will aid in the development of a national ENERGY STAR energy performance scale […] [Read More]
Used-Retail Sales, Total Revenue Jump 3.5 Percent at CarMax
Friday, Jun. 22, 2012, 05:59 AM
Auto Remarketing Staff
Although its net earnings dropped 3.8 percent, CarMax increased its retail used sales volume by 3.5 percent year-over-year in the first quarter and pushed its total net sales and operating revenues up 3.5 percent, as well. The company sold 112,291 retail used vehicles during the quarter, compared to 108,511 sales in the year-ago period. Wholesale […] [Read More]
Audi of America Appoints President
Friday, Jun. 22, 2012, 05:57 AM
Auto Remarketing Staff
Audi of America has a new president to fill the shoes of Johan de Nysschen, who recently moved on to serve as the global head of the Infiniti brand. Tapped for the position was Scott Keogh in a move that was effective immediately. Before moving on to Infiniti, de Nysschen had led the organization […] [Read More]
Ontario Man Gets More Than $62K in Penalties, Probation in Curbsiding Case
Thursday, Jun. 21, 2012, 02:23 PM
Auto Remarketing Staff
A Windsor, Ontario man pleaded guilty to two counts of charges involving illegal car sales earlier this week and will have to shell out $62,500 along with taking a year of probation. More specifically, the charges to which Bahjat Touma pleaded guilty were one count of acting as a dealer without benefit of registration and […] [Read More]
Ottawa-Based Ackroo Hires Longtime Reynolds & ADP Dealer Services Exec for Dealer Development
Thursday, Jun. 21, 2012, 01:58 PM
Auto Remarketing Staff
Canadian web-based loyalty and rewards technology provider Ackroo has announced the appointment of a new dealer development manager, tasked with growing market share of its DealerCard revenue retention tool in Southern Ontario. Ackroo has tapped former Reynolds & Reynolds executive Wayne Doucette for the position. Doucette’s career in the automotive industry spans over 35 years, […] [Read More]
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