A Des Moines, Iowa, teenager buys old cars, bangs out the blemishes and finds some willing buyers among his pals looking for rides. Such was the start for Carl Moyer in the auto industry. And now, decades later, he is the Auto Remarketing 2011 CPO Dealer of the Year. Moyer — who owns Karl Chevrolet […] [Read More]

As Japanese inventories in the U.S. get back to full steam, some experts are predicting that an incentive war could heat up between these automakers and domestics. Japanese OEMs and dealers have their sights set on making up lost sales, while their domestic counterparts are looking to continue their sales momentum, meaning the market could […] [Read More]

In the midst of a challenging used-supply climate that may only grow more cumbersome, automakers still managed to beat year-ago certified pre-owned sales in August and continue to outpace the results from 2010. Three brands — Hyundai, Kia and Nissan — even set all-time records for CPO sales in August, according to Autodata Corp., which […] [Read More]

A month after launching its new Craiglist tool to existing clients, AutoRevo highlighted how much the enhancement has boosted dealers’ inventory listings online. Among the performance improvements AutoRevo noted: —Only 9 percent of postings are getting “ghosted.” The company explained “ghosting” is the term applied when users make a post on Craigslist and the system […] [Read More]

Mojo Motors now includes more markets where participating used-vehicle dealers can join the website that aims to connect the stores with qualified local buyers who are ready to make a purchase. After rolling out earlier this year in Boston and Providence, R.I., Mojo Motors now covers the Massachusetts cities of Worcester and Springfield, two of […] [Read More]

The International Automotive Remarketers Alliance revealed Friday that it has welcomed a new member. Joining the alliance is Dealer Services Corp. of Indiana. Other companies to have joined IARA recently include U.S. Bank, Remarketing of America and GE Commercial Finance and Fleet Services, among others. Meanwhile, DSC of Indiana made another big move a few weeks […] [Read More]

The automotive branch of the Larry H. Miller Group of Companies said Friday that one of its Colorado dealerships its set to reveal its new facility on Tuesday. Larry H. Miller Toyota — Colorado Springs is hosting a grand-opening and ribbon-cutting ceremony that will include high-ranking Toyota exec Bob Carter as well as Gail Miller, owner […] [Read More]

As long as it gains the necessary approvals, Canada’s Carfinco Income Fund will become a corporation at the start of next year, the company revealed Thursday. Carfinco’s board of trustees approved the proposal that would change the company to a corporation instead of being an income fund. The conversion must first be green-lighted by the […] [Read More]

Wholesale values were up on a month-over-month basis across all segments in Canada during August, as overall auction prices climbed 2 percentage points sequentially while also showing a double-digit year-over-year increase, according to OPENLANE. More specifically, the company’s Canadian Market Index came in at 107 in August, up from 105 in July and 97 in […] [Read More]

NorthStar Ford Group in Fort McMurray, Alberta, revealed this week that it has broadened its footprint in the province, opening two new stores in Calgary and Cochrane. “We are excited to announce the expansion of NorthStar Ford Group into Calgary and Cochrane. We hope this will be a great partnership and look forward to building […] [Read More]