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New coalition seeks to create guidelines, standards for streaming auto advertising
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Retail
CPO Market Shows First Decline in Six Months
Friday, May. 4, 2012, 06:00 AM
Auto Remarketing Staff
After five consecutive months of gains — a span that included the best month of all time for certified pre-owned sales — the CPO market experienced a year-over-year dip for the first time since October. During April, there were 143,137 CPO sales, according to Autodata Corp., and this marked an 8-percent decrease from April 2011. […] [Read More]
Expanded Curriculum Part of New eBay Motors Internet Sales Manager Certification Program
Friday, May. 4, 2012, 05:58 AM
Nick Zulovich
Spending six months working inside stores, listing vehicles, communicating with potential buyers and more gave Clayton Stanfield plenty of first-hand training. As a result, the senior manager of dealer training at eBay Motors ramped up the company’s free online training offerings that now include five more classes that can certify salespeople in all aspects of […] [Read More]
Ontario Dealership Faces ‘Unconscionable Representation’ Charge
Thursday, May. 3, 2012, 04:35 PM
Auto Remarketing Staff
The Ontario Motor Vehicle Industry Council has levied a charge against an Amhertsburg dealership and two members of its senior management for “engaging in an unfair business practice” that violated the Consumer Protection Act, 2002. Specifically, Clarke Chevrolet Buick GMC Limited, James A. Clarke and Jesse Ryan Howell are being charged with “engaging in an […] [Read More]
Hatch: Current Canadian Sales Pace Quite Sustainable
Thursday, May. 3, 2012, 03:46 PM
Auto Remarketing Editor Joe Overby
While it was quite clear the double-digit year-over-year gains in Canadian new-vehicle sales spotted during the first two months of 2012 weren’t likely to last the entire year, economist Michael Hatch finds the current rate of growth in Canada fairly sustainable. Canadian new-vehicle sales are 5.2 percent ahead of last year’s pace, as the market […] [Read More]
instaVIN Expands Vehicle History Report Data
Thursday, May. 3, 2012, 05:56 AM
Auto Remarketing Staff
Vehicle history report provider instaVIN revealed this week a series of expansions and new offerings. Within its reports, the company now provides key ownership records and additional theft records, as well as other new information, officials noted. This new information comes on top of the National Motor Vehicle Title Information System-sourced DMV title, brand, insurance […] [Read More]
CNW: Used Sales Soar Sequentially, Climb Modestly from Year-Ago
Wednesday, May. 2, 2012, 06:00 AM
Auto Remarketing Editor Joe Overby
While used-car sales last month jumped more than 40 percent from March, the year-over-year change was much more moderate, according to CNW Research. The firm said Tuesday that there were 3.79 million used sales in April, which is a 40.2-percent month-over-month rise and a 7-percent hike from April 2011. While the 40.2-percent month-over-month upswing may […] [Read More]
Chrysler’s New-Car Sales Performance Continues to Impress
Wednesday, May. 2, 2012, 05:57 AM
Nick Zulovich
While one analyst took a cautious approach when dissecting April’s new-vehicle sales performance, other industry watchers continued to be impressed by what’s developing with Chrysler. The domestic OEM announced Tuesday it posted its best April sales performance since 2008, turning 141,165 units for a 20-percent increase compared with sales in April of last year when […] [Read More]
Penske Rolls Out Nissan & Infiniti Stores in Downtown San Francisco
Wednesday, May. 2, 2012, 05:54 AM
Auto Remarketing Staff
As CarMax reportedly took the next step in expansion plans, Penske Automotive Group expanded its stable of foreign franchised dealerships Tuesday with the appointment of a new Nissan store and a new Infiniti rooftop in the heart of downtown San Francisco. Officials highlighted the new dealerships are located on Van Ness Avenue, what they consider […] [Read More]
NADA’s Dealership Workforce Study Deadline Extended
Tuesday, May. 1, 2012, 04:19 PM
Auto Remarketing Staff
Thanks to strong participation numbers from dealers, the National Automobile Dealers Assocation announced today that it has extended the deadline for members of the NADA and American Truck Dealers to participate in the NADA’s Dealership Workforce Study to May 15. Leaders from both NADA and ATD are asking members to take part in NADA’s new […] [Read More]
KBB Believes Franchised Dealers Should Post Brisk April Sales
Tuesday, May. 1, 2012, 05:56 AM
Auto Remarketing Staff
With Monday marking the last day of April, Kelley Blue Book thinks franchised dealers will have enjoyed a double-digit daily selling rate above the same month last year. KBB estimated April new-vehicle sales to reach 1,148,000 units, or 14.0 million seasonally adjusted sales rate. If the projection holds true, analysts contend it will account for […] [Read More]
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