Retail
AutoNation Generates 17-Percent Year-Over-Year New-Vehicle Sales Climb
Auto Remarketing Staff
AutoNation posted a 17-percent year-over-year jump in February new-vehicle sales as the group’s franchised stores turned 19,994 units. Breaking down that sales total for AutoNation’s operating segments, the figures were: —6,179 vehicles for domestic, up 18 percent versus February 2011. —10,601 for import, up 16 percent versus February 2011. —3,214 for premium luxury, up 20 […] [Read More]
O’Brien Auto Group Acquires Toyota Store
Auto Remarketing Staff
O’Brien Auto Group, one of the largest dealers in the Pacific Northwest, announced late last week it purchased Bob Bridge Toyota Scion of Renton — a nine-time winner of Toyota Motor Sales USA’s President Award for outstanding sales and service in the Seattle market. While financial details were not made public, O’Brien confirmed the deal […] [Read More]
Chrysler Launches Diversified Certified
Auto Remarketing Editor Joe Overby
Chrysler Group rolled out an off-brand certified pre-owned offering this morning and in anticipation of today’s launch, the automaker talked with Auto Remarketing late last week in an exclusive about what Diversified Certified can offer Chrysler’s dealer body. Basically, the program gives Chrysler dealers a way to certify used cars on their lot from other […] [Read More]
CarMax Holds Celebration as Doors Open to First Chattanooga Store
Auto Remarketing Staff
CarMax revealed this week it has launched its first auto superstore in Chattanooga, Tenn. The store is more than than 36,000 sqare feet and employs more than 90 associates, officials shared. Moreover, the rooftop — located at 2211 Overnite Drive — stocks about 300 used vehicles, the company noted. [Read More]
LaSorda Tapped for CEO Role with Fisker
Auto Remarketing Staff
After returning to auto business just a couple months ago, former General Motors and Chrysler executive Tom LaSorda has landed a new role heading up day-to-day activities for Fisker Automotive, where he has been working since December. In a re-organization announced Tuesday, it was revealed that company co-founder Henrik Fisker will step into a role […] [Read More]
VW Moves Exec to Northeast Regional Director
Auto Remarketing Staff
Volkswagen of America recently shifted one of its parts and services executives to serve in the role of region director to oversee the OEM’s franchised dealers in the Northeast. Tapped for the position is David Durant, who will be based in Woodcliff Lake, N.J. In his new role, Volkswagen explained Durant will be responsible for managing and […] [Read More]
Sonic Moves Record Annual Used Sales Volume
Auto Remarketing Staff
Sonic Automotive declared today that the company’s used-vehicle department posted record annual sales volume in 2011 as used-vehicle volume climbed 11 percent for the quarter and 14 percent for the full year. The used-vehicle performance helped Sonic generate fourth quarter adjusted earnings from continuing operations of $25.4 million for a 46-percent increase over the prior-year […] [Read More]
MPi to Stage Technician Competition at Nevada Lexus Dealership
Auto Remarketing Staff
Dealership service department diagnostic solution provider MPi is again orchestrating a skills competition to determine who is the best service technician. With Lexus of Henderson serving as the host, MPi is expecting 7,000 technicians from 455 dealerships nationwide to compete in REV It UP — a series of four races designed to test technicians’ skills […] [Read More]
Mercedes-Benz USA & Sonic Automotive Settle All Legal Disputes
Auto Remarketing Staff
Late last week, Mercedes-Benz USA and Sonic Automotive announced a settlement of all legal disputes between the two companies effective immediately. Both companies declined to provide details of the settlement, but a report in the Charlotte Business Journal might have shown where the litigation began. [Read More]
Sales Projections by TrueCar & Edmunds Bode Well for Used Industry
Auto Remarketing Staff
With much of their attention dedicated to new-vehicle sales projections, TrueCar.com gave a glimpse as to where February’s used-vehicle sale total might land when it released estimations at the same time as Edmunds.com. TrueCar estimated this month’s used sales figure to land at 2,099,298 units, a sum that would be 16.5 percent higher than February […] [Read More]
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