ADESA has made recent back-to-back appointments including a new executive sales director and two new California auction general managers. The company announced that Rod Thompson, who most recently served as GM at ADESA Tulsa, will now manage ADESA’s commercial client relationships and leading commercial client efforts. Meanwhile, Bobby Sylvester has been named GM of ADESA San Diego, […] [Read More]

The National Automobile Dealers Association highlighted that the keynote speaker sessions are among the numerous attractions of NADA Show 2019, which returns to the newly renovated Moscone Center in San Francisco from Jan. 24-27. The 2019 speaker lineup includes: • Jan. 25: Wes Lutz, 2018 NADA chairman, and Kat Cole, FOCUS Brands’ chief operating officer […] [Read More]

Kelley Blue Book’s Trusted Advisor Program is now available through the CDK Global Partner Program, the company announced Thursday. The KBB Trusted Advisor Program is now part of a marketplace of applications and integrations developed to help automotive dealers compete. Partners can integrate with a range of CDK applications and CDK dealer websites. KBB’s newly […] [Read More]

Coinciding with Kathleen Kraninger telling the Senate Banking Committee this week how she would oversee the regulator as its new director, the Consumer Financial Protection Bureau outlined the head of a new division — the Office of Innovation. Acting director Mick Mulvaney announced that he has selected Paul Watkins to run the recently created Office […] [Read More]

A Northeast Ohio city just outside of Cleveland, in Cuyahoga County, is now home to Carvana’s 13th car vending machine. With the help of a new Warrensville Heights location and eight-story-tall car vending machine, Carvana has expanded its Ohio footprint to include four additional markets, the company announced Thursday. “We have been proud to give many Ohio […] [Read More]

Lease returns have been one of the dominant discussion points in the auto industry over the last few years, and rightfully so, given the influx in volumes that are now approaching a peak.  But when you think about lease returns and their impact to wholesale markets, only a “subset” of the off-lease volume ends up […] [Read More]

As it turns out, the peak in off-lease car volumes will likely be here sooner than once thought. And the growth in lease returns is slowing down and “no longer posing a threat to the market,” Cox Automotive chief economist Jonathan Smoke said in a call with reporters and analysts earlier this month. Following what’s […] [Read More]

Not only does transaction data show what brands CarMax buyers are most loyal to, a look into their individual buying patterns shows that most customers aren’t very loyal to their car brands at all.  Despite finding that Lexus, followed by Mercedes-Benz and then Ford, have the most loyal drivers among its customers, CarMax found that […] [Read More]

Cox Automotive Canada’s most recent Drive Away Hunger food drive has ended with a total of 7,141 pounds of food collected for community food banks who will be feeding children and families throughout the summer. Helping to keep shelves at Canadian food banks stocked for families and individuals who suffer from food insecurity this time […] [Read More]

June marked the first time in five months that there was a dip in the Canadian Black Book Wholesale Used Vehicle Retention Index. But take that with a grain of salt. It was a relatively modest month-over-month decline (0.4 percent), and the index is still strong, and vehicles are retaining values as well as they […] [Read More]