General Motors president Mark Reuss believes that autonomous vehicles “will change people’s lives forever, just as the automobile itself did more than a hundred years ago.” Leaders of The Henry Ford and its venue The Henry Ford Museum of American Innovation believe that, as well. The venue has acquired one of General Motors’ first self-driving […] [Read More]

Consumers across the country are assembling their tax documents to beat the April 15 deadline to file their returns with the Internal Revenue Service. For wage earners that have not experienced a significant change in their employment status, this is also the season to begin planning how to invest their expected tax return. Meanwhile, in […] [Read More]

The partnership momentum Auto Financial Group (AFG) generated during the fourth quarter now is helping one of the nation’s leading sources of residual-based financing and vehicle remarketing for financial institutions during the opening segment of 2019. AFG recently announced that Pentagon Federal Credit Union (PenFed), the second largest federally chartered credit union in the United […] [Read More]

Of the top 10 car makes on the road in 2018, five were American, and five were foreign makes. Sixteen of the top 25 car models are sedans. Of the top car makes and models on U.S. roads in 2018, Chevrolet and Ford are the dominant automakers, combining for more than one-quarter of all cars […] [Read More]

Dealerships are likely to see quite a wave of customers coming back to their showrooms this year since leased vehicles they delivered three years ago are set to mature. Along with handling that influx of traffic, store staff also might have another challenge — explaining to the happy lease customer that putting them into another […] [Read More]

Today’s vehicles have the potential to reach 200,000 miles. With the right maintenance and care, that is. The latest study from iSeeCars determined which models have the highest percentage of vehicles that reached 200,000 miles. For the study, iSeeCars.com analyzed more than 13.8 million pre-owned units sold in 2018 from model years 1981 through 2018. […] [Read More]

Icahn Automotive chief executive officer Dan Ninivaggi believes in investing in “the future of our industry and the people that power it.” His company had that in mind when it awarded the first scholarship in early February at its Race to 2026 launch event at NASCAR Technical Institute. Icahn recognized Jonathan Fanstill, a military veteran […] [Read More]

For those who work in or follow the used-car market, you may have seen a familiar face during a late autumn airing of “Mad Money” on CNBC. That being Jim Hallett, chief executive officer of KAR Auction Services, who was interviewed by host Jim Cramer. During NADA Show 2019 in late January, Auto Remarketing asked […] [Read More]

If you are part of the used-car retail or remarketing industry, you might know Ron Hope as the president and chief executive officer of Capital Automotive Reconditioning Services (better known as CARS Recon), a company he founded in 2002. Of course, Hope's background in the auto industry, according to a company bio, goes back a lot […] [Read More]

There will likely be about 3.5 million used vehicles sold this month, beating January figures of 3.1 million, Edmunds projected in its latest monthly auto-sales forecast, which was released last week. The seasonally adjusted annualized rate is expected to come in at 39.3 million, versus 39.2 million a month ago, according to Edmunds. In similar, […] [Read More]