MARGATE, Fla. — JM Lexus, which touts itself as the brand's No. 1 volume dealership in the world, launched a new promotion Wednesday to drive traffic through its social media accounts on Facebook and Twitter. Participants who register through the dealership's pages on these sites can win two Muvico movie tickets. Store management dubbed the campaign […] [Read More]

CARY, N.C. — Can used-vehicle dealers begin to see improved margins now that industry analysts finally are seeing wholesale prices edge downward? The Pre-Owned Automobile Dealers Alliance wants dealers to have the latest guidance available to take advantage of the possibility. An upcoming free Webinar will bring together experts from companies such as Black Book, Manheim and […] [Read More]

CHICAGO and FOUNTAIN VALLEY, Calif. — Hyundai will soon become the 29th brand to join the certified pre-owned program on Cars.com.  As part of the program, the CPO inventory of Hyundai entire dealer network will be uploaded to Cars.com, which will include Hyundai certified branding on all of the CPO vehicles listed. The launch is expected […] [Read More]

FOUNTAIN VALLEY, Calif. — June saw the industry's certified pre-owned sales climb year-over-year for the fourth straight month, and although the struggle among dealers to find certifiable inventory may stick around for a while, things could be getting better in the near future. Overall, 137,773 CPO units were sold during June, which marked a 3.2-percent gain from […] [Read More]

REDWOOD CITY, Calif. — After a 3-percentage-point month-over-month decline in May, Canadian auction prices were steady in June as compared to the prior month, though they were softer than year-ago levels, according to OPENLANE's latest Canadian Market Index. Specifically, the average auction pricing for the month was off 8 percentage points compared to June 2009, but […] [Read More]

SURREY, British Columbia — A Delta, British Columbia, man who pleaded guilty to 15 fraud charges relating to used-vehicle sales was given a one-year conditional sentence and will serve 100 hours of community service along with paying restitutions for three cases. Evidence against Parveen Kumar Saini pointed to odometer tampering, incorrect vehicle histories and sales tax violations, among […] [Read More]

TORONTO, Ontario — Not only in June did Mercedes-Benz Canada record its best-ever sales month; it capped off the top quarter and half-year in the company's history. Not to mention, June was the strongest used-vehicle sales month of all time for Mercedes-Benz Canada and was part of the best-ever quarter and half-year on the used side. […] [Read More]

TULSA, Okla. — Dollar Thrifty Automotive Group is likely to take in significantly improved corporate adjusted EBITDA for the second quarter, which would mark the sixth straight time the company has seen its year-over-year gains in this metric reach double digits, according to updated preliminary estimates for the period and an updated full-year outlook released Wednesday. Specifically, […] [Read More]

IRVINE, Calif. — Mazda North American Operations introduced a new certified pre-owned vehicle program late last week that it says can generate the most value of out of used Mazdas, create an easier used-vehicle buying experience for shoppers and reduce ownerships costs, all of which can be vital selling points for dealers to bring to consumers. To […] [Read More]

TORRANCE, Calif. — Lexus officials late last week issued a response to the discovery of faulty valve springs in some V8 and V6 engines in certain Lexus models sold in the United States. The company estimated that approximately 137,000 vehicles are potentially affected in this country, including the IS 350, GS 350, GS 460, GS 450h, […] [Read More]