Used-car buyers are shelling out close to 4-percent more money on their down payment than they were a year ago, according to data released Friday by Edmunds. And their down payments — which averaged $2,529 in May — are more than 12 percent higher than five years ago. Those numbers are even more pronounced on […] [Read More]

Car Keys Express founder and owner Mark Lanwehr has made the cut as a finalist for EY’s 2017 Entrepreneur of the Year Award in the Ohio Valley region, the company announced.  A panel of independent judges chose Lanwehr a finalist for the regional award, whose winners will be named during a special gala event at the Hyatt Regency Hotel […] [Read More]

In a May phone interview, Dealertrack Canada vice president and general manager Richard Evans was asked how far away Canada was from being able to buy a car 100 percent online. “First of all, isn’t that exciting?” he said. “Just the prospect of it has us really fired up.” Evans said the company was “not […] [Read More]

In Episode 5 of the Auto Remarketing Podcast, Joe Overby sits down with Marilu McQuilkin and Mor Aframian to talk about the upgrades to Used Car Week, which has a brand-new look and a bit of a new format this year.  Plus, we discover that Marilu is a C-SPAN dork, Joe loves "Star Wars" and Mor […] [Read More]

Manheim announced that it recently installed indoor and outdoor LED lighting throughout its Manheim Orlando facility at 11801 West Colonial Drive, saving an estimated 951 tons of carbon per year — the equivalent of over two million miles driven by the average passenger vehicle. After replacing 7,452 bulbs and 1,311 fixtures, Manheim said the installation […] [Read More]

Certified pre-owned sales climbed 7 percent last month and three brands reported best-ever sales, according to Autodata Corp. The firm, which released industry-wide CPO numbers Friday morning, said in its report there were 237,445 certified sales in May, beating the 221,936 sales a year ago by 7 percent. Through five months of the year, there […] [Read More]

ADESA has made management changes at three of its 77 North American auction locations in Arizona, Tennessee and Florida. Rance Rudy has been named general manager of ADESA Phoenix, Jay Smith will now serve as general manager of ADESA Knoxville and Lisette Minton has been appointed general manager of ADESA Sarasota. “Rance brings to his […] [Read More]

Mark Floyd is the current and Steve Hall is the immediate past president of the National Automotive Finance Association. In their own ways, both Floyd and Hall conveyed to the attendees of the NAF Association’s 21st annual Non-Prime Auto Financing Conference how the organization resembles a community with members who are more like friends than […] [Read More]

AutoGravity announced on Thursday that it has introduced its car financing mobile app to New Jersey, making it the 49th state in which the company currently operates.   “Embracing innovation, AutoGravity has built partnerships with the world’s leading banks, major OEM-owned lenders and leading dealership groups,” AutoGravity founder and chief executive officer Andy Hinrichs said […] [Read More]

Cars.com has wrapped up its spinoff from TEGNA and its shares began trading on the New York Stock Exchange on Thursday. The company also announced a seven-member board of directors, its first as a public company.   “This is an exciting moment in Cars.com’s history,” chief executive officer Alex Vetter said in a news release.  […] [Read More]