Retail
CPO Sales Surge Continues
Monday, Nov. 8, 2010, 08:00 AM
Auto Remarketing Editor Joe Overby
The momentum kept rolling in the industry’s certified pre-owned segment during October, especially for a trio of automakers that posted best-ever CPO months, according to Autodata Corp. With a double-digit improvement from October 2009, the certified segment made its eighth consecutive month of year-over-year gains, and year-to-date sales showed upward movement for the fourth straight […] [Read More]
Forbes.com Reveals Top-10 Selling New Models of 2010
Monday, Nov. 8, 2010, 07:56 AM
Auto Remarketing Staff
Pickups are leading the way in an auto market that has steadily grown healthier, according to a recent Forbes.com report. Forbes said two of these trucks, in particular, have been the industry’s top sellers so far in 2010. The site released the list of top-10 best-selling new vehicles of 2010, and the No. 1 model […] [Read More]
Chrysler Canada Hits Six-Year High for October Retail Sales
Friday, Nov. 5, 2010, 03:49 PM
Auto Remarketing Staff
Chrysler Canada said earlier this week that last month represented its strongest October for retail sales in six years. Overall sales were up 6 percent at 15,168 units sold. This marked the 11th straight time overall sales have improved. Through 10 months of this year, total sales have hit 175,240 units, a gain of 27 […] [Read More]
Class Action Suits Against Toyota, Canadian Dealer Association Settled
Friday, Nov. 5, 2010, 02:52 PM
Auto Remarketing Staff
The Berman DeValerio law firm announced earlier this week that the class-action lawsuits in the U.S. against the Canadian Automobile Dealers Association and Toyota Motor Sales USA have been settled. Per the agreements, Toyota will pay $35 million (USD) and CADA is paying $700,000. [Read More]
AutoNation’s New-Vehicle Sales Grow Rapidly in October
Friday, Nov. 5, 2010, 05:58 AM
Auto Remarketing Staff
Led by a 20-percent uptick for its domestic operating segment, AutoNation said Thursday that it posed a significant year-over-year gain in retail new-vehicle sales during October. Overall, the dealership group moved 17,530 retail new units for the month. This marked a 15-percent gain from the year-ago period. Breaking it down, the domestic operating segment had […] [Read More]
AIADA Revels in October Sales Success
Friday, Nov. 5, 2010, 05:56 AM
Auto Remarketing Staff
With an encouraging SAAR level in sight, the American International Automobile Dealers Association didn’t hesitate to declare October the most successful month of the year for the new-vehicle sales. The associated indicated Thursday that October sales moved higher by 13.4 percent against the same month a year ago. For the year, AIADA said overall sales […] [Read More]
CarMax Says It’s Hiring More Than 1,200
Thursday, Nov. 4, 2010, 05:59 AM
Auto Remarketing Staff
CarMax is looking for more than 1,200 people to fill a variety of positions with the used-car retailer throughout the country. The company is conducting this recruitment to meet seasonal staffing needs and to be ready for its upcoming expansion. Most of the positions are for sales and services operations (detailers and experienced technicians), but CarMax is […] [Read More]
Toyota Files for Dismissal Saying Unintended Acceleration Class-Action Suit Doesn’t Hold Water
Thursday, Nov. 4, 2010, 05:57 AM
Auto Remarketing Staff
Earlier this week, Toyota filed a Reply Brief in Support of its Motion to Dismiss the consolidated class action that the company is facing over claims of an alleged electronic defect causing unintended acceleration. Toyota contends that no defects in its Electronic Throttle Control System have been brought to light by the plaintiffs, and the […] [Read More]
Nissan Updates Dealer Progress for LEAF Rollout
Thursday, Nov. 4, 2010, 05:55 AM
Auto Remarketing Staff
Nissan North America management offered an update this week on the number of franchise dealers who have completed electric vehicle readiness training and are among the first to add EV charging infrastructure to their store operations. As the automaker prepares for Nissan LEAF deliveries in December, company officials indicated that by the end of this […] [Read More]
Sewell Automotive Adds Another Houston Store
Wednesday, Nov. 3, 2010, 02:45 PM
Auto Remarketing Staff
Sewell Automotive Companies recently bolstered its presence in Houston with the purchase of Millennium Audi. Now, Sewell has two stores in Texas’ largest city and 11 stores total, all of which are located in The Lone Star State. Sewell opened the doors on its latest addition, now known Audi North Houston, last month. The store […] [Read More]