ADESA announced on Friday it has promoted a new general manager of its Saskatoon, Saskatchewan auction. Chosen for the role is Kevin McCaig, who was most recently an ADESA Saskatoon sales manager. “Kevin has been an essential member of the team at ADESA Saskatoon, and he has played a valuable role in this auction’s success as it […] [Read More]

There were a record 4.3 million vehicles leased last year, according to an Edmunds report, which said 31 percent of new-vehicle sales in 2016 were leases. Lease volume has climbed 91 percent over the past five years, and lease penetration — like lease volume — has been on the rise since 2009, but look for […] [Read More]

In its "Hagerty Hot List" released on Thursday, Hagerty shared which new 2017 vehicles might one day join the ranks of fully drivable classic collectibles. The list names 10 vehicles in the 2017 production run by major worldwide automakers that valuation experts at  the insurance provider for classic vehicles say are likely to grow in value […] [Read More]

Even with about two weeks to consider it, Swapalease.com executive vice president Scot Hall still couldn’t remember when an automaker and its captive finance company decided to cut back on new-model leasing activity without dramatic conditions being in place. “I’m not saying it’s never happened, but I don’t recall this ever being announced by a […] [Read More]

According to Black Book data, the average price of a used vehicle for model years 2011 through 2015 depreciated by 1.5 percent in January. Editors determined cars posted an overall depreciation rate of 1.8 percent, while depreciation for trucks produced a rate of 1.4 percent. Black Book calculated that all vehicles are averaging a 12-month […] [Read More]

Amid a certified pre-owned market that continues to grow, Autotrader has come out with this month’s list of top picks for certified pre-owned deals and incentive offers in February. "Not everyone can spend a fortune for a new car, but the potential repair bills from a modern used car can deter shoppers,” Autotrader executive editor […] [Read More]

Paragon Honda in Woodside, N.Y., has been the No. 1 certified pre-owned dealer in the U.S. every year since American Honda Motors Co. began tracking the data in 2008, according to the company’s remarketing department. It sold 3,012 CPO units in 2016, good enough for a 20-percent gain, says Paragon Honda’s Brian Benstock. And very soon, […] [Read More]

The amount of recalled cars on the road has increased 34 percent since last year and one in four vehicles Americans drive has open recalls, according to research data that Carfax released on Thursday. Carfax estimates that there are more than 63 million recalled vehicles now in use across the country — and many throughout […] [Read More]

Manheim announced general manager changes at five auction locations on Wednesday. The company promoted Manheim St. Louis’ Jason Blake, Manheim Kansas City’s Victor Ferlaino, Manheim Denver’s Ray Priest, Manheim Milwaukee’s Tom Saldutte and newly hired Manheim Northstar’s Scott Maybee, who joins Manheim following a position as vice president of operations for Nissan Canada Finance. “These […] [Read More]

GWC Warranty — a provider of used-vehicle service contracts and related finance and insurance products sold through dealers — and Carleton, a provider of compliant financing calculation and digital document software solutions, each made personnel moves this week. At GWC Warranty, the company promoted Mike Silverman to the position of director of marketing strategy. Silverman joined […] [Read More]