Automotive industry veteran Richard Howse has joined KAR Auction Services as its new chief commercial officer, the company announced on Wednesday. Most recently, Howse served as senior vice president of marketing and business development at Volkswagen Credit. Howse’s automotive industry leadership background spans over 30 years. “Rich has led growth and change in a variety […] [Read More]

RVI Group’s latest analysis of the Canadian wholesale market indicated used-vehicle prices declined in January. Looking first at the real view of the RVI Used Vehicle Price Index for January, analysts noticed a decrease of 2.4 percent from January of last year. Turning next to the nominal of their Used Vehicle Price Index, analysts determined […] [Read More]

The amount of debt consumers are absorbing to acquire a new or used vehicle reached record highs during the fourth quarter, according to the latest State of the Automotive Finance Market report from Experian. With consumers turning to longer-term contracts to help reduce costs of monthly payments, Experian reported on Thursday the average contract amount […] [Read More]

While industry observers spotted some factors impacting new-car sales, franchised dealerships produced strong results in moving certified pre-owned vehicles as the industry generated nearly a double-digit gain on a sequential basis. According to information supplied by Autodata Corp. on Wednesday, February’s CPO sales came in at 211,475 units; a figure relatively unchanged from the same […] [Read More]

Industry observers see trends in the new-vehicle space that are making the delivery of new metal more challenging and, as a result, likely to impact how efficiently dealerships can turn their used-vehicle inventory. Analysts from Autotrader, Edmunds and Kelley Blue Book all shared data and insights with Auto Remarketing on Wednesday that pointed to possible […] [Read More]

Following the Federal Trade Commission’s move to increase its non-compliance fine and OSHA’s decision to increase max penalties, Total Dealer Compliance (TDC) and Automotive Development Services (ADS) entered into a strategic partnership that provides a comprehensive solution to ADS’ dealers looking to reduce exposure from federal regulations proactively. “We recognized that meeting the new, stricter […] [Read More]

This week, White Clarke Group released its 20th annual Global Leasing Report, what the company contends is the only guide to the top 50 leasing markets in the world, summarizes leasing volumes and other market trends. Officials highlighted the report reveals an optimistic industry outlook with positive growth and continued confidence. White Clarke Group calculated […] [Read More]

The global car rental market, which offered an opportunity of $87.07 billion in 2015, is expected to rise at a compound annual growth rate of 14.40 percent during the period from 2014 to 2024, says a recent research report. A report by Transparency Market Research (TMR) suggests the market's valuation is likely to reach $290.07 billion […] [Read More]

To support its efforts to drive future region growth, Manheim this week announced general manager appointments in three locations: J.D. Guerrero at Manheim El Paso, Heath Sanderson at Manheim Birmingham and Steve Robinson at Manheim Omaha. “With significant leadership experience in our organization, these new general managers will help us deliver an outstanding experience at […] [Read More]

It’s been about two weeks since the Internal Revenue Service started to release refunds, and the impact appears to be making its way to the auction lanes. The latest Black Book Market Insights report indicated small cars and crossovers performing better than luxury vehicles in the car segment. But overall, editors noticed vehicles in the […] [Read More]