The Zika virus, Hillary Clinton’s emails, global warming and the presidential election. Each of these current events/issues has a significantly higher rate of general public awareness than does the Takata recall, according to Kelley Blue Book. A study from KBB parent company Cox Automotive found the public had lower awareness of the Takata recall (52 […] [Read More]

Santander Consumer USA Holdings made its fourth significant executive leadership change in the past 12 months as Blythe Masters resigned from the finance company’s board of directors on Tuesday to take on a new role with Banco Santander. While Masters departed her leadership role with SCUSA after about a year, the finance company elevated William […] [Read More]

Don’t underestimate the power of Mickey Mouse. David Vignes would know. Vignes — the executive vice president of enterprise optimization at KAR Auction Services — spent more than 15 years with The Walt Disney Co. “You look at Mickey in the park and you see people jumping on him, because if you can get a […] [Read More]

Trucks literally are carrying the pricing load, according to ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices by vehicle model class. ADESA’s Tom Kontos reported on Tuesday that wholesale used-vehicle prices in June averaged $10,556, which was down 1.5 percent compared to May but up 3.3 percent relative to June of last year. […] [Read More]

Insurance Auto Auctions, a business unit of KAR Auction Services, announced a 10-acre expansion of its Culpeper, Va., facility. The now 32-acre facility highlights IAA's strategic expansion in the growing industry. The company explained the expansion in Culpeper will allow customers to select from a larger inventory of vehicles with increased convenience, while also providing […] [Read More]

Jason Laky, senior vice president and automotive business leader for TransUnion, explained that there are generally two reasons why consumers would want to take on a longer-term vehicle installment contract. One reason can be a positive for a finance company; the other motive perhaps not so much. “One is that they plan to hold onto […] [Read More]

By standards here in the Carolinas, it doesn’t feel particularly hot outside at this late-May, mid-morning auction sale. But still, the glass-door refrigerator next to the auction block at Manheim Darlington has a few handfuls of water bottles, free for the taking. The auction offers free water and utilizes mist-spraying swamp coolers in the lanes, says […] [Read More]

Auction Simplified, a provider of online vehicle auctioning systems, has announced a new feature: high-definition multi-lane simulcast, which it says is designed for independent auctions and franchised dealer groups already holding traditional lane sale auctions. “Up until now we focused on helping dealers start their own auction. With the addition of lane manager in March and now, […] [Read More]

You could very well look at Dealertrack’s  Tradetracker June vehicle appraisal report and think you were looking at any such report from the last several months. Continuing a year-to-date trend, the Ford F-150 and the Toyota Corolla were the No. 1 and No. 2 most appraised vehicles in Canada last month. Claiming the No. 3 […] [Read More]

Cox Automotive chief economist Tom Webb called it “relatively unusual” that off-lease volume and retail sales of certified pre-owned vehicles were nearly identical last year at 2.55 million units. Webb is thinking off-lease volume this year will swell to about 3.1 million while CPO sales are “not nearly going to grow nearly that much.” He […] [Read More]