Depending on which financial or performance metric you consider; Toyota Motor Corp. either had a steady 2011 fiscal year or a challenging one. The automaker revealed Wednesday that on a consolidated basis, net revenues for the fiscal year totaled 18.993 trillion yen, an increase of 0.2 percent compared to the previous fiscal year. Toyota computed […] [Read More]

Volkswagen welcomed a new general manager of its pre-owned operations this week, bringing in a senior director from J.D. Power and Associates whose immersion in the car business goes back to his youth. Now heading up the pre-owned side of VW is Scott Weitzman, who talked with Auto Remarketing on Tuesday to share some perspective about his […] [Read More]

Volkswagen of America broke ground Wednesday for what is set to be a new 30,000-square-foot dealership in downtown Walnut Creek, Calif. The facility will be built to accommodate the automaker’s growing sales and customer base and will provide customers with a list of increased and enhanced amenities. "Two of Volkswagen’s major objectives are excellent customer […] [Read More]

General Motors is using its profitable momentum to put more workers back on the company payroll. Chairman and chief executive officer Dan Akerson presided over Tuesday’s announcement that automaker will invest about $2 billion in U.S. assembly and component plants, creating or preserving more than 4,000 jobs at 17 facilities in eight states. “We are […] [Read More]

As the certified pre-owned market continues to pick up steam, Hyundai Canada recently rolled out a newly formed CPO program and has enlisted the help of CarProof to provide vehicle history reports as well as other services. Eligible vehicles must undergo a 120-point inspection, and each unit must include a CarProof vehicle history report.  [Read More]

With an imminent launch of four new models, Saab Cars North America brought in a veteran from another import automaker to be its new president and chief operating officer. Tapped for the role Monday was Timothy Colbeck, who joins the automaker from Subaru. This news comes as Saab embarks on what it calls its biggest-ever […] [Read More]

Rolls-Royce dealers now can join their domestic, import and luxury franchise store brethren in offering certified pre-owned vehicles. Rolls-Royce Motor Cars recently outlined details for its newly approved CPO program. The automaker insists Rolls-Royce Provenance offers “unrivaled peace of mind” with its program that includes fully inclusive servicing. The company indicated each model has to […] [Read More]

Especially for franchise dealers awaiting more inventory, Nissan shared some encouraging news late last week. All of its factories across Japan are now online. They’re ramping up production, and output is increasing as the two-month anniversary approaches marking the devastating earthquake and tsunami. In Tochigi, Japan, the largest of the three main assembly plants where […] [Read More]

Though Canadian new-vehicle sales were up almost 7 percent in April, there still is “a long way to go” before it can be determined the market has made a full recovery, according to the latest sales analysis from Dennis DesRosiers. Sales came in at 159,942 for the month, which marks a 6.9-percent rise from April […] [Read More]

The certified pre-owned market continues to see strong year-over-year gains, with automakers improving results by 8 percent in April and pushing their year-to-date sales up 12 percent, according to Autodata Corp.   However, since inventory sourcing continues to be a big challenge for many dealers, Auto Remarketing sought out some of the best advice to offer our […] [Read More]