Retail
Ford Recalls More than 125,000 Sedans
Monday, Dec. 12, 2011, 08:56 AM
Auto Remarketing Staff
Ford confirmed details of a National Highway Traffic Safety Administration recall announcement for the Ford Fusion and Mercury Milan from the 2010 and 2011 model years. The recall is connected with units that have 17-inch wheels and were built from April 1–30, 2009 and Dec. 1, 2009 through Nov. 13, 2010. A total of 128,616 […] [Read More]
Fiat Enters ASPI Eurozone Index
Monday, Dec. 12, 2011, 08:55 AM
Auto Remarketing Staff
Fiat S.p.A. learned late last week it is now a member of the ASPI Eurozone Index, following recent confirmation of its inclusion in the Dow Jones World and Europe Sustainability Indices in addition to the Global 500 Carbon Disclosure Leadership Index (CDLI) and Carbon Performance Leadership Index (CPLI). OEM officials believe this latest recognition of the […] [Read More]
Lynnes Auto Group Continues Holiday Giveaway Tradition
Monday, Dec. 12, 2011, 08:54 AM
Auto Remarketing Staff
To celebrate the holiday season, Lynnes Auto Group will be helping the local community by giving away a vehicle to one deserving family. With its annual Deserving Family Car Giveaway, the New Jersey business hopes to find this year’s “perfect” recipient. "The Deserving Family Car Giveaway is an incredible experience for all of us at […] [Read More]
Several Brands See Record Canadian CPO Sales
Friday, Dec. 9, 2011, 04:56 PM
Auto Remarketing Editor Joe Overby
Automakers in Canada appear to be closing 2011 with a bang on the certified pre-owned front, as all the companies that reported November results to Auto Remarketing Canada posted year-over-year gains for monthly sales. In fact, one particular brand — Acura — even achieved its best-ever month for CPO sales, and two other brands told […] [Read More]
Mercedes-Benz Canada Spotlights Dealers of Year
Friday, Dec. 9, 2011, 03:33 PM
Auto Remarketing Staff
Mercedes-Benz Canada revealed its 2012 Star Dealers list, awarding its top 10 dealers throughout the country. These dealers were evaluated in five categories, including their new and pre-owned sales, service and parts and customer satisfaction. Chosen for the awards were the following dealers (from East to West): —Ches Penney, of Mercedes-Benz St. John’s (St. John’s, […] [Read More]
CPO Sales Bounce Back
Friday, Dec. 9, 2011, 07:00 AM
Auto Remarketing Editor Joe Overby
After October marked the first year-over-year dip in certified pre-owned sales in three months, the CPO market moved back into the black during November, posting a 9-percent improvement over the year-ago period and keeping the year-to-date pace well ahead of 2010. Although CPO sales fell 1.2 percent sequentially, they climbed from 126,519 units sold in […] [Read More]
Mota Motors’ CPO Program Debuts with Extended Eligibility Limits
Thursday, Dec. 8, 2011, 06:59 AM
Auto Remarketing Editor Joe Overby
A new third-party certified pre-owned program has hit the market and organizers say it can give dealers a shot in the arm amid today’s supply-restricted environment, thanks to eligibility limits that go up to 15 years and 150,000 miles. The president and chief executive officer of the company behind SureSale Certified spoke with Auto Remarketing […] [Read More]
With the Possibility of Reorganization Being Thrown Out, Saab Has Days to Find Funding
Thursday, Dec. 8, 2011, 06:58 AM
Sarah Rubenoff
With Spyker’s administrator looking to call an end to Saab’s reorganization, the pressure is on for the Swedish automaker yet again. A big obstacle to securing funds appears to be General Motors. Saab’s former parent has balked at the possibility of Chinese investors taking majority stake, and since GM has a deal to continue supplying […] [Read More]
Toyota: Dealer Stock Increases by 30,000 Units
Thursday, Dec. 8, 2011, 06:57 AM
Auto Remarketing Staff
In giving another production update Wednesday, Toyota declared that its U.S. inventories continue to improve with dealer stock increasing by 30,000 units last month. OEM officials also believe there is “a good supply of vehicles available. “Toyota thanks its customers, dealers and suppliers for their patience and cooperation throughout the recovery process,” they added. Toyota […] [Read More]
Cadillac Focuses on Mobile Approach to Holiday Shopping
Wednesday, Dec. 7, 2011, 03:58 PM
Auto Remarketing Staff
To help dealers wrap up the year on a high note, Cadillac launched a revamped mobile site and new holiday-themed consumer offers in time for the beginning of the 2011 shopping season. Seen as one of the most important components of the entire campaign, Cadillac highlighted the new mobile site can allow smartphone users to […] [Read More]
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