Auto Remarketing will recognize Longo Toyota as its 2012 CPO Dealer of the Year later today during a special presentation at Used Car Week, which gets underway with the annual CPO Forum. Paul Faletti Jr., president and chief executive officer of award sponsor NCM Associates, will present the award to Greg Penske, chairman and chief […] [Read More]

Carcannon announced it has been selected by Volkswagen of America to provide certified pre-owned consultations to its dealers nationwide. Commenting on the news, Scott Weitzman, general manager of used-vehicle operations for Volkswagen of America, said, “We are pleased to work with Carcannon as we are well aware of its reputation for providing professional and thorough […] [Read More]

Chrysler Group said last week it will recall older-model 2002–2003 Jeep Liberty and 2002–2004 Jeep Grand Cherokee vehicles to address a potential for inadvertent air bag and/or pretensioner deployment. Officials said a thorough investigation by the automaker and the National Highway Traffic Safety Administration determined flawed occupant restraint control modules, leading to this action. The […] [Read More]

Black Book has a new vice president of automotive licensing. Promoted to the position was Jared Kalfus, who will continue his responsibility for leading Black Book’s efforts to increase data licensing revenue to OEMs, dealers and value-added resellers who serve the dealer community, the company said Wednesday. Kalfus’ most recent position was Black Book’s director […] [Read More]

Leadership from the American International Automobile Dealers Association and the National Automobile Dealers Association said they were “deeply sorry to learn” and “saddened” about American Suzuki’s decision to leave the U.S. automobile market. ASMC outlined its strategy for Chapter 11 bankruptcy, saying warranties will be honored, and service will be provided without interruption through the […] [Read More]

Although American Suzuki Motor Corp. announced plans late Monday to file for Chapter 11 bankruptcy, chairman Takashi Iwatsuki told dealers and vehicle owners that warranties will be honored, and service will be provided without interruption through the company’s parts and service network. “Following a thorough review of our current position and future opportunities in the […] [Read More]

As Penske Automotive Group posted a 20.4-percent jump in used retail sales, the company posted record third quarter adjusted income from continuing operations and related earnings per share. The company reported last Friday that its adjusted income from continuing operations attributable to common shareholders increased 19.1 percent to $54.3 million and related earnings per share […] [Read More]

After increasing its new-vehicle retail sales by more than 21 percent in the third quarter, AutoNation wasted no time in getting the fourth quarter off to a quick start. The retailer experienced increases across the board in new-car retail sales, as each of its three operationg segments boosted their respective numbers by double-digit percentages. [Read More]

As damage tallies  stemming from Superstorm Sandy continue to climb, CNW Research determined the storm cost the used-vehicle industry nearly a quarter-million used sales in October. Or, put another way, $2 billion in "probable value." Nonetheless, CNW said Thursday that October sales were still up year-over-year by 4.6 percent. The firm tabulated total used sales […] [Read More]

Ford revealed a series of changes within its leadership team, today while also announcing that its chief executive will be staying with the Blue Oval through at least 2014. Alan Mulally will continue leading the long-term strategic development of the One Ford plan and its continuous improvement, the company shared. At the same time, Mark […] [Read More]