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Retail
DesRosiers: Canadian New-Vehicle Market Shows Rare Slowdown; Trucks Are Surprisingly Best Cars
Friday, Mar. 4, 2011, 04:32 PM
Auto Remarketing Editor Joe Overby
For a month that analyst Dennis DesRosiers described as unsteady for auto market rehabilitation, new-vehicle sales in Canada dropped more than 4 percent in February, marking the first hiccup in quite some time. Specifically, there were 96,006 new units sold last month in Canada, softer by 4.2 percent when compared to February 2010. “Back to the […] [Read More]
Spider Situation Prompts Mazda to Conduct Recall; Honda Shares Details of Civic Hybrid Recall
Friday, Mar. 4, 2011, 06:58 AM
Nick Zulovich
The children’s nursery rhyme “Itsy, Bitsy Spider,” could take on a whole new connotation when considering the recall Mazda North America announced Thursday. Mazda said it plans to contact 65,916 owners of the Mazda6 from the 2009 and 2010 model years. These Mazda units equipped with a 2.5-liter four cylinder engine are to be inspected […] [Read More]
Chrysler Recalls More Than 216K Vehicles; Automaker Reveals March Incentives
Friday, Mar. 4, 2011, 06:56 AM
Auto Remarketing Staff
Chrysler is recalling more than 216,000 vehicles in an international recall to replace a wireless ignition node and key fob that could lead to the engine inadvertently shutting off in certain vehicles. The recall includes Chrysler Town & Country, Dodge Grand Caravan and Dodge Journey AWD vehicles, all of which are from the 2010 model-year. […] [Read More]
Toyota Ready to Give 100 Vehicles to 100 Different Charities
Friday, Mar. 4, 2011, 06:54 AM
Auto Remarketing Staff
Toyota’s latest philanthropy effort is being dubbed “100 Cars for Good,” a campaign that intends to award 100 vehicles during the course of 100 days to 100 nonprofit organizations based on votes from the public. Beginning Monday, the automaker explained that registered 501c(3) nonprofit organizations can apply online through Toyota’s Facebook page for a chance […] [Read More]
CNW: Independents Sell More Used Units than Franchise Dealers in February
Thursday, Mar. 3, 2011, 07:00 AM
Nick Zulovich
For the first time since last September, independent stores sold more used vehicles than franchise dealers in February, according to CNW Research. The firm compiled the February used-vehicle sales data and found independent dealers sold 668,276 units, representing 37.08 percent of the month’s total. CNW determined that franchise stores moved 619,214 units in February, 34.35 […] [Read More]
Ford Reveals More Recalls, This Time for Ranger, Super Duty Trucks & Lincoln MKX
Thursday, Mar. 3, 2011, 06:59 AM
Nick Zulovich
A week after explaining a recall of more than 140,000 trucks, Ford on Wednesday released details about more recalls of various truck and CUV models in both the U.S. and Canada. The first voluntary recall the automaker revealed is connected with 25,000 Ford Rangers from the 2010 model year. The decision affects 23,000 units in […] [Read More]
Motor Trend Certified Surpasses 10K Sales in 2010
Thursday, Mar. 3, 2011, 06:58 AM
Auto Remarketing Staff
In the first full year of operations, the Motor Trend Certified Pre-Owned program notched more than 10,000 sales, officials said Wednesday. Motor Trend crafted the program, which is powered by EasyCare. It was rolled out Sept. 9, 2009. As some may know, Motor Trend Certified aims to supplement the factory CPO sales at dealerships, giving […] [Read More]
AIADA Cheers February New-Vehicle Sales Gains
Thursday, Mar. 3, 2011, 06:57 AM
Auto Remarketing Staff
The American International Automobile Dealers Association shared in the revelry of February surging to the strongest new-vehicle sales level since the Cash for Clunkers program was in full swing. According to AutoData figures, February’s overall new-vehicle sales (imports and domestics included) total shot up 27.3 percent versus the previous year. That rise pushed the seasonally […] [Read More]
Daimler Outlines Board Members up for Re-election
Thursday, Mar. 3, 2011, 06:55 AM
Auto Remarketing Staff
Daimler AG’s supervisory board on Wednesday nominated current chairman Manfred Bischoff for re-election for another five years. If re-elected, the automaker indicated Bischoff will once again be proposed as candidate for the chair of the supervisory board. Officials mentioned Bischoff has been a member Daimler’s supervisory board since 2006. He stepped down from the board […] [Read More]
AutoNation Sees 29-Percent Hike in New-Vehicle Retail Sales
Wednesday, Mar. 2, 2011, 04:19 PM
Auto Remarketing Staff
AutoNation said Wednesday that its retail new-vehicle unit sales during February marked a substantial increase from the year-ago period, as two of its three operating segments posted double-digit gains. Specifically, AutoNation dealers moved 17,041 retail new vehicles in February, a 29-percent hike. The company’s domestic operating segment showed a 40-percent year-over-year improvement, as there were […] [Read More]
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