Lease penetration is down for the first time since 2012, and the decline in leases written is twice as high as the drop in overall new-car sales, according to latest Lease Market Report from Edmunds. That said, leasing remains close to record highs, and the swell of off-lease volumes hitting the used-car market should continue […] [Read More]

Autotrader’s newly released Hottest Cars for Summer 2017 list names the current 10 most-searched new, used and certified pre-owned cars on its site. The company looked at search volume from January to the end of May and found that American consumers currently favor domestics. Autotrader editors found that nine of its 10 most-searched models are […] [Read More]

Manheim’s presence in one of the BRIC nations became more robust this month with a long-term commitment in Brazil. Cox Automotive announced that Manheim acquired Pacto São Paulo along with developing commercial partnerships with six other auction companies to invest in the local marketplace. Manheim highlighted that Pacto São Paulo is located approximately 250 kilometers, […] [Read More]

There’s an old adage in the used-car business that says, “Customers come to your lot to look for the cars they want; you’re at the lot to sell the cars you want to sell.” That all works out great if those potentially conflicting motives intersect at the perfect vehicle which just happens to be on […] [Read More]

I’m a fan of an underrated comedy, and one that I’ll stop and watch almost any time it’s on cable is “This is 40.” Part of why the movie works is because its two co-stars, Leslie Mann and Paul Rudd, are seemingly “ordinary” folks. Each of them seem like the next-door type, both in this movie […] [Read More]

Millions of vehicles in the U.S. and Canada have been recalled because of the Takata airbag saga, plus a wide array of other issues. Now Daimler made the move to recall more than 3 million vehicles in Europe to fix emission issues stemming from the diesel engine in certain Mercedes-Benz models. The Daimler board of […] [Read More]

As lease offers abound, monthly payments on 39 vehicles maintained their current price points, according to analysis shared by Wantalease.com on Tuesday. Site officials added there are 15 models being offered for $200 per month or less and three vehicles currently available for lease at less than $150 per month. Those units with the least […] [Read More]

The newest report from AlixPartners — whose client roster includes corporate boards and management, law firms, investment banks and other kinds of investors — cautioned the industry that a “used-car time bomb” is about to explode. AlixPartners explained that it arrived at that dire assertion through a project that began two years ago through what […] [Read More]

Car Keys Express has expanded the company’s international footprint further with the opening of its first European office, which will be in London.  “This year, we pushed well beyond our core markets in the U.S. and, with the successful move into Canada, London is a natural first step to introducing our service to the overseas market,” […] [Read More]

LeasePlan USA has appointed a new senior vice president of operations to oversee the company’s teams that manage the lifecycle of its vehicles. Chosen for the position is Juan Perez, whose leadership and management experience in logistics spans more than 25 years, according to LeasePlan. “Juan is a true leader dedicated to our client’s successes,” […] [Read More]