Pedal cars may be primarily for kids, but you wouldn’t have known it at the National Auto Auction Association’s recent Convention and Expo in Boston. The Black Book Pedal Car Auction garnered some very “adult-sized” donations, raising more than a half-million dollars to benefit the nonprofit NAAA Warren Young, Sr. Scholastic Foundation Inc. Amazingly, the […] [Read More]

If one needs proof of the value that auto dealerships can potentially bring to the business community at large, just look at the announcement coming out of Berkshire Hathaway on Thursday — and the reaction it got from one of the top leaders of the remarketing business. Berkshire Hathaway — headed by one of the […] [Read More]

Certified pre-owned vehicle sales climbed nearly 20 percent year-over-year in September, capping the best quarter ever for the CPO market, according to Autodata Corp. And one brand, Kia, had its strongest month of all time for certified sales. Overall, there were 188,341 CPO sales last month, marking a 19.7-percent year-over-year gain. This figure pushed year-to-date sales […] [Read More]

Subprime auto finance companies must not be taking their collective foot too much off of the originating pedal based on the amount of used-vehicle paper CNW Research found to be written in September. During a month that contained more than 3.8 million used-vehicle sales among turns at franchised and independent dealers and private-party transactions, CNW […] [Read More]

Fueled by significant turn increases for vehicles 5 years old and newer as well as financing to subprime borrowers, the used-vehicle industry closed the last month of the third quarter with 4.3 percent sales gain. CNW Research determined September contained more than 3.8 million used-vehicle sales among turns at franchised and independent dealers and private-party […] [Read More]

Many automakers in Canada have been reporting record months for CPO, but Kia topped the list this September. Kia Canada almost doubled its CPO sales from September 2013, selling 284 certified sales, compared to 143 sold during the same period of last year. As CPO results started coming in for September, several other automakers’ performances […] [Read More]

Mercedes-Benz Canada is expanding its presence in the Greater Toronto area by appointing a new dealer. Company executives and the dealership’s new management recently turned over the first shovelful of soil of the future Brampton-based facility. Mercedes-Benz Brampton will be run by Sam Eltes and Jonathan Eltes, dealer principles, as well as Gary Williams, the […] [Read More]

Following a campaign with the OEM from 2013 that generated more than 21,000 sales, the Costco Auto Program announced it has rolled out another offer with General Motors that will provide deals on 17 of the most-requested models from Costco customers. Through the 2014 Holiday Sales Event — which began Wednesday and runs through Jan. […] [Read More]

General Motors rolled out an ambitious strategic plan on Wednesday, insisting that in 2015, about 27 percent of GM’s global sales volume is expected to come from products new or refreshed within 18 months. Does it mean when that new metal becomes used — or more specifically, certified pre-owned — the growth prospects still will […] [Read More]

I’m not here to tell you your dealership needs to embrace social media. Every dealer’s heard it; most dealers have come to believe it; and many are already actively engaging customers in a variety of social channels. I’m here because out there, it’s getting more and more competitive by the day. Customers are gaining more […] [Read More]