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Retail
AutoCanada Gains Two VW Dealerships
Friday, Nov. 11, 2011, 04:23 PM
Auto Remarketing Staff
AutoCanada revealed Thursday that it has added two Volkswagen stores in British Columbia to its dealer network. The company is purchasing two stores formerly under the Valley Autohouse name in Abbotsford and Chilliwack. These dealerships will now go by the names Abbotsford Volkswagen and Chilliwack Volkswagen. The stores went into receivership on Oct. 27 and operations were […] [Read More]
DesRosiers: Strongest SAAR Since May, but Canadian Market Still Slow
Friday, Nov. 11, 2011, 04:15 PM
Auto Remarketing Editor Joe Overby
The Canadian car market showed modest improvement in October, but things were still rather sluggish in light of low consumer confidence, which sparked from negative news around the globe, according to DesRosiers Automotive Consultants. Overall, there were 125,680 new vehicles sold in Canada last month, a 2.1-percent hike. Through October, year-to-date sales are up 1.5 […] [Read More]
CPO Sales Dip, But Stay Ahead of 2010 Pace
Friday, Nov. 11, 2011, 06:59 AM
Auto Remarketing Editor Joe Overby
Monthly certified pre-owned sales fell on a year-over-year basis for the first time since July, but the current sales pace remains well above year-ago levels. The market again saw multiple brands reach best-ever certified sales. Overall — according to statistics from Autodata Corp. — there were 139,532 CPO sales in October, down 1.4 percent year-over-year. […] [Read More]
Volvo Gains New Pre-Owned Manager
Friday, Nov. 11, 2011, 06:58 AM
Auto Remarketing Editor Joe Overby
Auto Remarketing recently learned that Volvo Cars North America has a pre-owned car line manager to replace Diana Lidgett, who is moving over to Volvo’s Southern region to serve as its distribution manager, effective Dec. 1. Taking on the pre-owned position is Steve Golow, who has been with the company since 1995, most recently serving […] [Read More]
Toyota, GM Issue Recalls
Wednesday, Nov. 9, 2011, 04:49 PM
Auto Remarketing Editor Joe Overby
Toyota will recall about 550,000 six-cylinder Toyota and Lexus units throughout the world in response to a potential issue with the crankshaft pulley, a problem that could result in the power steering pump coming loose. Toyota Motor Sales USA issued a statement Wednesday announcing the recall of 420,200 vehicles in the U.S., and told Auto […] [Read More]
Akerson Says GM’s 3Q Performance ‘Not Good Enough’
Wednesday, Nov. 9, 2011, 04:08 PM
Auto Remarketing Staff
General Motors generated $1.7 billion or $1.03 per fully-diluted share in net income attributable to common stockholders during the third quarter, but Dan Akerson isn’t satisfied. The chairman and chief executive officer acknowledged, “GM delivered a solid quarter thanks to our leadership positions in North America and China where we have grown both sales and […] [Read More]
Sixth Generation Dealer Sisters Share Their Passion for Running America’s Oldest Transportation Company
Wednesday, Nov. 9, 2011, 03:52 PM
Sarah Rubenoff
For the two sisters that own Hare Chevrolet, the passion for their family’s business came later in life. As youths, the women just wanted to escape their hometown. But now, as sixth generation dealers recently taking part in Chevrolet’s Centennial Celebration, the women embrace their family and store heritage. They are in charge of a […] [Read More]
Payless Selects Administrator for CPO Program
Wednesday, Nov. 9, 2011, 06:57 AM
Auto Remarketing Staff
Payless Car Sales revealed Tuesday that it has reached a deal with JM&A Group to serve as the administrator of the certified pre-owned program it is rolling out this month. As part of the agreement, JM&A is offering its F&I products to Payless Car Sales dealers, in addition to serving as the administrator of Payless […] [Read More]
Toyota’s Global Sales Soften More than 18 Percent, Net Income Drops Almost 72 Percent
Wednesday, Nov. 9, 2011, 06:56 AM
Auto Remarketing Staff
Down “severely” in its two biggest markets because of the continuing aftermath of the earthquake earlier this year, Toyota’s global sales fell more than 18 percent during the first half of fiscal 2012, the automaker said Tuesday. [Read More]
NCM to Deliver Free Weekly Operations Guidance to Dealers & Managers
Tuesday, Nov. 8, 2011, 06:57 AM
Auto Remarketing Staff
NCM Associates launched a new, free information and training resource for dealers and their managers Monday. The NCM Institute Center for Automotive Retail Excellence rolled out a new blog and e-newsletter called Up To Speed. Director Garry House explained the online products will feature informational articles from the entire NCMi faculty on topics including merchandising […] [Read More]
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