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Retail
DesRosiers: Canadian Market Slides 5 Percent; Japanese Brands Continue Struggles
Friday, Aug. 5, 2011, 03:15 PM
Auto Remarketing Editor Joe Overby
The Canadian new-vehicle market softened almost 5 percent amid “a very mixed bag” in a month that saw Japanese brands continue to struggle with inventory issues while other automakers enjoyed skyrocketing sales, according to DesRosiers Automotive Consultants. Overall, there were 141,472 new-car sales in Canada during July, a 4.9-percent drop from a year ago. Year-to-date sales […] [Read More]
Chrysler Issues Second Recall for 2008 Minivans
Friday, Aug. 5, 2011, 05:59 AM
Auto Remarketing Staff
Chrysler Group is bringing back the same cluster of minivans it already summoned once this year. The automaker informed the National Highway Traffic Safety Administration it is recalling nearly 300,000 minivans, this time to replace the occupant restraint control modules. The recall covers Dodge Grand Caravan and Chrysler Town & Country from the 2008 model […] [Read More]
Mulally Talks Cars, Takes EV for Spin with Letterman
Friday, Aug. 5, 2011, 05:58 AM
Auto Remarketing Editor Joe Overby
In his five years as Ford’s chief executive, Alan Mulally has testified before Congress, talked with reporters, delivered keynote speeches and addressed the shareholders of America’s second-largest automaker. But earlier this week, he faced a speaking engagement of a different sort: an interview with dry-witted funnyman David Letterman. [Read More]
Marchionne Speaks Out Now that New Management Team Has Been Named
Thursday, Aug. 4, 2011, 06:00 AM
Auto Remarketing Staff
Sergio Marchionne appears to plan on remaining the top boss as Chrysler/Fiat until at least 2015. Appearing Wednesday at the 2011 CAR Management Briefing Seminars, Marchionne pulled out all sorts of references — from quoting a French philosopher to depicting how geese fly — to describe how the automaker has rebounded from the brink of […] [Read More]
Supply Issues Still Challenge Japanese Brands in July as These Import Sales Swoon
Wednesday, Aug. 3, 2011, 03:20 PM
Auto Remarketing Staff
It appears the supply dynamic will soon get back to normal for Japanese automakers, which have recovered on the production front quicker than expected. However, supply issues still plagued these automakers in July as their new-vehicle sales suffered, according to the American International Automobile Dealers Association. Overall, there were 555,383 import sales in the U.S. […] [Read More]
AutoNation Sees July New-Vehicle Sales Dip, Rolls out Another Fiat Dealership
Wednesday, Aug. 3, 2011, 02:45 PM
Auto Remarketing Staff
On the same day the company unveiled a new Fiat dealership, AutoNation revealed its retail new-vehicle unit sales for July. AutoNation tabulated Wednesday that it moved 18,949 new units in July, a figure 4 percent lower than the same month last year. It appears that the production issues plaguing Japanese automakers played a role in […] [Read More]
Acura Dealer Gets “Creative” in CPO Sourcing
Wednesday, Aug. 3, 2011, 02:44 PM
Auto Remarketing Editor Joe Overby
In the aftermath of the Japanese earthquake that halted vehicle production and pushed down the amount of trade-ins coming into dealerships, Rod Emmons — like many dealers selling certified pre-owned Japanese-brand cars — “had to get creative” when it came to sourcing CPO-worthy inventory. “It’s getting harder to obtain pre-owned Acuras,” said Emmons, who is […] [Read More]
Consumer Reports Slams New Civic, But a Top Honda Dealer Says High Demand Means He Can’t Keep Them in Stock
Wednesday, Aug. 3, 2011, 06:00 AM
Auto Remarketing Editor Joe Overby
Brian Benstock, a Honda and Acura dealer in Queens, N.Y., responded with shock. What inspired this top Honda dealer to such emotion? On Monday, Consumer Reports announced it simply cannot recommend the redesigned Honda Civic, going so far as to call the vehicle "mediocre." In its report issued Monday, Consumer Reports called the redesigned 2012 […] [Read More]
Like Japanese Counterpart, Toyota is Confident in Future after Rough 1Q
Wednesday, Aug. 3, 2011, 05:58 AM
Auto Remarketing Staff
Similar to another Japanese automaker, Toyota Motor Corp., shared Tuesday that it suffered significant financial setbacks during the first quarter of the 2011 fiscal year. But Toyota leadership is so confident in its future that it raised sales and revenue expectations. By how much did the OEM boost its forecast? Toyota believes it will move […] [Read More]
Ford Recalls More Than 1 Million Trucks to Replace Fuel Tank Straps
Wednesday, Aug. 3, 2011, 05:57 AM
Auto Remarketing Staff
Ford told the National Highway Traffic Safety Administration it will recall more than 1 million trucks to replace fuel tank straps. The recall includes these units: —Ford F-150 from 1997 through 2004 model years. —Ford F-250 with a gross vehicle weight rating of less than 8,500 pounds from 1997 through 1999 model years. —Lincoln Blackwood […] [Read More]
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