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CarGurus Used Car Price Index Down 1.7% This Fall

CAMBRIDGE, Mass. — CarGurus, the auto research and shopping website, released its CarGurus Used Car Price Index for October, which showed the average price of a used car at $19,278, down by 0.88% from September and down 1.7% from August. Used
Nov 3, 2011

Dollar Thrifty Automotive Group Reported Net Income of $66.6 Million

TULSA, Okla. — Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today reported results for the third quarter ended September 30, 2011. Net income for the 2011 third quarter was $66.6 million, or $2.13 per diluted share, compared to net income
Nov 3, 2011

Luxury Automaker Reports 17% Increase in CPO Sales

For the month of October 2011, Porsche’s Approved Certified Pre-Owned vehicle sales were 652, compared to 565 last year. The year-to-date total is 7,241, compared to 6,210 in the previous year – a 17% increase.
Nov 3, 2011

BMW Certified Pre-Owned Sales Down

In October, sales of BMW used vehicles (including certified pre-owned and pre-owned) totaled 13,262, a decrease of 4.4% from the 13,867 sold in October 2010. Year-to-date, BMW used vehicle sales are down 5.5% on volume of 132,686 compared to 140,468
Nov 3, 2011

Mercedes-Benz CPO Sales Down 21.8%

The Mercedes-Benz Certified Pre-Owned (MBCPO) program sold 5,571 vehicles in October 2011, a decrease of 21.8%.  On a year-to-date basis, MBCPO sold 62,929 vehicles, a decrease of 7.6% over the comparable period last year.
Nov 3, 2011

Engine Fire Risk Prompts Recall

BMW is recalling a little over 30,000 vehicles from the 2008 to 2011 model years to fix a problem with the circuit board for the water pump, The National Highway Traffic Safety Administration’s website said. The circuit board could overheat and cau
Oct 31, 2011

TrueCar.com: Used Car Sales Estimated to be up 5.7% from 2010

SANTA MONICA, Calif. — TrueCar.com, the authority on new car pricing, trends and forecasting, today released its October 2011 sales and incentives forecast.  The forecast shows the following: For October 2011, new light vehicle sales in t
Oct 27, 2011

Kia Enhances Certified Pre-Owned Program

IRVINE, Calif. — Kia Motors America, Inc. (KMA) announced a major improvement to its Kia Certified Pre-Owned (CPO) program. KMA, which distributes vehicles through its network of authorized independent Kia-brand dealers in the United States, h
Oct 27, 2011

Sonic Automotive Reports Used Volume Is Up 16%

CHARLOTTE, N.C. — Sonic Automotive, Inc., one of the nation’s largest automotive retailers, today reported that 2011 third quarter earnings from continuing operations were $0.33 per diluted share compared to $0.25 per diluted share i
Oct 27, 2011