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Retail
CPO Sales Up for Ninth Straight Month
Wednesday, Dec. 8, 2010, 07:00 AM
Auto Remarketing Editor Joe Overby
The certified pre-owned segment’s positive momentum of 2010 kept rolling along in November, with monthly sales showing their ninth straight year-over-year improvement and year-to-date sales climbing for the fifth straight month. Specifically, there were 126,651 CPO units sold during November, according to Autodata Corp., which indicated that this total marks a 28.1-percent improvement from a […] [Read More]
DTAG Adds Eight Used-Vehicle Retail Facilities
Wednesday, Dec. 8, 2010, 06:57 AM
Auto Remarketing Staff
As a part of Dollar Thrifty Automotive Group’s overall expansion unveiling Tuesday, the company indicated that eight cities that now have Thrifty Car Sales and Thrifty Car Rental combination locations. Among the sites offering used-vehicle sales are Grand Rapids, Mich.; Delano, Minn.; Johnston, R.I.; Dublin, Calif.; Charlotte, N.C.; Kearney, Neb.; Myrtle Beach, S.C.; and Centerville, […] [Read More]
Hyundai Gets Head Start on FIFA Sponsorship Renewal
Wednesday, Dec. 8, 2010, 06:54 AM
Auto Remarketing Staff
Though its current contract with FIFA was not scheduled to end until 2014, Hyundai went ahead and renewed its sponsorship deal with the global soccer governing body through 2022. This means the automaker will be the official automotive partner of the 2018 and 2022 FIFA World Cups, in addition to its already scheduled plans to […] [Read More]
AIADA: Imports Increase Market Share
Tuesday, Dec. 7, 2010, 06:58 AM
Auto Remarketing Staff
Import automakers saw their November new-vehicle vehicle sales climb by double digits on a year-over-year basis, and despite a sequential decline in unit sales, imports grabbed a greater share of the U.S. market than they had in October, according to the American International Automobile Dealers Association. [Read More]
Chrysler, Mich. Franchised Dealers & Red Wings Team Up to Offer Donations for Each Test Drive
Tuesday, Dec. 7, 2010, 06:54 AM
Auto Remarketing Staff
A holiday fundraiser by Chrysler and the Metro Detroit Chrysler Jeep Dodge, Ram Truck Superstores means a test drive can generate more than just a potential sale. For each test drive between now and Dec. 13, the automaker, dealers and the Detroit Red Wings will donate $10 to Forgotten Harvest. Each test drive has to be logged […] [Read More]
Buick & GMC Dealerships Place Added Emphasis on Showroom Amenities, Courtesy Vehicles
Monday, Dec. 6, 2010, 08:54 AM
Auto Remarketing Staff
Customers staying for hours in a waiting room fashioned with a couple of chairs and an old television might not cut it in today’s world of luxurious franchise showrooms, which is why Buick and GMC dealers are putting so much effort and resources into a wide array of vehicle-owner services. General Motors believes that if […] [Read More]
Honda to Discontinue Element
Monday, Dec. 6, 2010, 06:55 AM
Auto Remarketing Editor Joe Overby
The Honda Element will soon meet its end, with the 2011 edition being its swan song. American Motor Honda Co. said Friday that production of the “boxy, bold” crossover will cease after the 2011 model year. “The Element proved that ultimate functionality can often come from thinking inside the box,” stated John Mendel, executive vice president […] [Read More]
NADA: Used Market Helping to Spur New-Car Growth
Friday, Dec. 3, 2010, 07:00 AM
Auto Remarketing Staff
New-vehicle sales showed some vibrancy in November, and the coming months are likely to be robust, as well, the National Automobile Dealers Association’s chief economist Paul Taylor said Thursday. The state of the used-vehicle market is one of the factors helping the new-car sales strength, he added. [Read More]
Fiat Spells Out What It Needs to Accomplish to Increase Chrysler Stake
Friday, Dec. 3, 2010, 06:59 AM
Auto Remarketing Staff
As 2010 draws to a close, apparently questions have arisen about what Fiat needs to accomplish to increase its stake in Chrysler. Fiat already holds a 20-percent stake in Chrysler under the Chrysler-Fiat Industrial Alliance established as part of the process of Chrysler coming out of bankruptcy. According to the alliance agreements, Fiat can gain an additional 15 […] [Read More]
AutoNation: Nov. New-Car Sales Grow Across Board
Friday, Dec. 3, 2010, 06:57 AM
Auto Remarketing Staff
AutoNation enjoyed double-digit growth in retail new-vehicle sales during November, showing increases across all three of its operating segments. Specifically, the dealer group posted retail new-vehicle sales of 15,511 units. This was up 16 percent year-over-year. [Read More]