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Retail
Former Dealer Receives Prison Sentence for Credit Union Scam
Tuesday, May. 8, 2012, 05:57 AM
Auto Remarketing Staff
As a result of an alleged attempt to scam $1.5 million out of a credit union, one used-car dealer received a prison sentence on Monday. Jady Brooks was sentenced in federal court to serve seven years in prison after “running a sophisticated scheme to defraud a credit union,” reported Tim McGlone of The Virginian-Pilot. But […] [Read More]
Chrysler Recalls Full-Size Sedans to Correct Fuse Issue
Tuesday, May. 8, 2012, 05:55 AM
Auto Remarketing Staff
A fuse issue is prompting Chrysler Group to conduct a voluntary safety recall of 2011 and 2012 Dodge Charger and Chrysler 300 sedans. The automaker indicated the recall covers approximately 119,072 vehicles in the U.S. as well as another 8,274 units in Canada. Chrysler explained a plastic insert surrounding a fuse may be subject to […] [Read More]
RedBumper Reveals New Mobile Inventory Solution for Dealership Groups
Monday, May. 7, 2012, 06:39 PM
Auto Remarketing Staff
There is now another program on the market available to dealer groups searching for ways to manage their inventory. RedBumber released Monday a complete mobile suite of inventory analytic and management tools for dealer groups, which includes enterprise reporting, group trading, group appraisal optimization, group buying tools and mobile group tools, the company shared. [Read More]
Fine-Tuned Best Practices Push Hendrick’s Used-Car Growth
Monday, May. 7, 2012, 07:59 AM
Auto Remarketing Editor Joe Overby
When the new-car market has gotten tough, Hendrick Automotive Group dealers have pushed harder on the used-car side of their operations. And that, director of variable operations Chris Little says, has helped the dealership group realize approximately a 10-percent gain in used-vehicle sales year-to-date. With used sales soaring in recent years amid a challenging new-car […] [Read More]
CarGurus Honors Dealerships with Top Used-Car Deals
Monday, May. 7, 2012, 05:57 AM
Auto Remarketing Staff
CarGurus recently handed out its Best Deals Dealer Awards to a total of 185 rooftops from 26 different states for having offered consumers what site believes is the best used-vehicle deals during the past year. To determine regional award winners, CarGurus analyzed market values and prices on each dealer’s inventory during the past year and […] [Read More]
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]
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