Chrysler Group issued six separate recalls earlier this week, involving approximately 215,000 vehicles in the U.S. According to the automaker, the recalls stem from a variety of different reasons, including: Tunnel Shield Chrysler said it will recall approximately 78,500 older-model 4×2 SUVs to brace a heat shield that can loosen and contact the driveshaft, causing […] [Read More]

In his post-sale report for Tuesday, John Brasher of Brasher’s Sacramento Auto Auction noted a particular used segment showing well in the lanes this week. With dealers reporting good retail sales of late, Brasher said what’s “piping hot” on the used side is the market for cars priced at $12,000 to $15,000 and under. “We […] [Read More]

Sonic Automotive said Wednesday it has named an executive vice president and chief financial officer. Tapped for the position is Heath Byrd, formerly the  company’s chief information officer. Byrd joined Sonic in November of 2007 as CIO and “has been a driving force in the implementation of the company's many technology innovations,” the company said. [Read More]

With industry recognition to announce and an expansion in planning, one auction group is celebrating its success. Dealer's Auto Auction — a group of four wholesale auctions with locations in Alabama and Tennessee — this week announced that Dealer's Auto Auction of Murfreesboro has been recognized with the Emkay 100% Club Award for 2012.  “This […] [Read More]

What’s the top-selling used-vehicle brand in your state? Dominion Dealer Solutions recently shared some of its Cross-Sell data with Auto Remarketing to shed some light on this. Based on February used-vehicle sales data provided to Auto Remarketing that covered 17 states, Ford was the top-selling brand in eight states, as was Chevrolet. Toyota was the […] [Read More]

Though fleet and off-rental supply at auctions has been low during the years following the 2008 recession, the number is picking back up, which could bode well for the supply environment in the years to come. Specifically, according to a DesRosiers Automotive Consultants analysis of data from R.L. Polk & Co., approximately 18 percent of […] [Read More]

With 10 days to go, the 2013 Auto Remarketing Canada Conference, presented by CarProof,  has over 500 registered attendees, breaking the attendance record and bringing the event even closer to selling out. Of those attendees, over 150 are dealerships. To check out which dealerships are attending, see here. [Read More]

As the official first day of spring passed in March, automakers were rolling out certified pre-owned units to customers at an increasing rate, with many automakers notching double-digit sales increases. One European brand even achieved its best first-quarter certified sales numbers ever. Over at Audi, Jonathan Breton, manager of certified pre-owned and corporate sales, told […] [Read More]

In just the past decade, the landscape of the automotive industry has changed dramatically, and with it, the profile of America’s auto retailer. Recession, bankruptcy, and tight used-vehicle supply led many dealerships and stores to change the way they do business. But the question remains, “What will the auto retailer look like in the future […] [Read More]

The average franchised dealer began 2013 with a monthly used-car department sales figure just shy of $1 million, according to the latest NADA Dealership Financial Profile. Specifically, the used-car department of a franchised store, on average, pulled in sales of $991,916 during January. This marked a 5.4-percent hike from January 2012, according to the data. […] [Read More]