Daimler Auto Group believes Mercedes-Benz is well on its way to achieving the goals of its 2020 growth strategy and reclaiming the No. 1 position in the premium segment by the end of the decade.  Speaking to investors and analysts at the opening of the company’s new plant in Kecskemet, Hungary Thursday, Daimler chairman and […] [Read More]

Eclipsing the $1 billion revenue mark for the first time, AutoCanada pulled in more than $17 million of net earnings in a year that left management “pleased.” On the used-vehicle side, although the company’s retail sales fell 1 percent for the year, AutoCanada closed its 2011 used operations on a high note, increasing retail used […] [Read More]

CarGurus identified what the site believes are 10 of the best values for used-vehicle shoppers looking for optimal gas mileage at economical price points. To pinpoint the top values on fuel-efficient used models, CarGurus editors focused their search on 2008 models which they thought are generally available with less than 60,000 miles and offer some […] [Read More]

After a creative account review that showed the brand used 70 global agencies, Chevrolet selected a new single global advertising agency Tuesday. Now responsible for the development of creative campaigns across all platforms for the Bowtie’s global advertising is newly formed company Commonwealth. Chevrolet highlighted Detroit-based Commonwealth is a first-of-its-kind 50-50 joint venture, combining San […] [Read More]

BMW Group announced Tuesday that it’s recalling the 5 and 6 Series models from the 2003 through 2010 model years to correct an issue with the battery. Spokesperson Kenn Sparks confirmed to Auto Remarketing that 367,000 recalled units are in the U.S. as the automaker is summoning approximately 1.3 million vehicles worldwide.  BMW explained that […] [Read More]

In perhaps one of the most unusual guest appearances the traveling artist troop has encountered, Cirque du Soleil and sponsor Infiniti will be teaming up to feature the all-new Infiniti JX during a Cirque du Soleil performance. The performance, titled, “Le Voyage Inspire,” will be available online at noon EST, this Thursday on the company’s […] [Read More]

Detail Plus Car Appearance Systems has recently revealed a new tool designed to improve the efficiency of dealership detail departments. The company has released a smaller version of its air-powered Rotary Shampoo Tool for scrubbing carpets, floor mats and seats in automobiles. [Read More]

Last year’s merger and acquisition activity by public dealerships groups jumped 140 percent above the 2010 total, according to the Presidio Group’s Automotive Retail M&A Report. Presidio combed through corporate SEC filings to determine publicly held dealer groups completed $512 million in acquisitions in 2011. While making a significant year-over-year climb, Presidio acknowledged the total […] [Read More]

Four brands — Honda, Hyundai, Volvo and Buick — recently outlined several recalls of sedans and crossovers. The campaign that includes the most vehicles came from Hyundai, as the brand told the National Highway Traffic Safety Administration that its recall covers a total of 14,728 units — the Sonata Hybrid from the 2011 and 2012 […] [Read More]

CarMax recently opened its first rooftop in Pennsylvania. Officials highlighted that their showroom at 1457 Manheim Pike in Lancaster, Pa., consists of 49,600 square feet. CarMax employs more than 80 associates at the new store and is stocking inventory with about 300 vehicles “Resuming our growth plan has meant expanding into new areas such as […] [Read More]