ADESA announced on Monday that ADESA Northwest has been named the U.S. Bank 2015 Auction of the Year, Marine/RV Segment. ADESA Northwest was known as Brasher’s Northwest Auto Auction at the time of the award. The auction has received this honor every year since U.S. Bank began awarding it in 2010 as a way to recognize […] [Read More]

Retail used-car prices, at $19,400 a pop, have never been higher than they were in the second quarter, according to Edmunds.com. But here’s the thing. Average monthly payments on used vehicles are staying relatively low. In the second quarter, the average monthly payment on a used car was $382, according to Edmunds’ latest Used Vehicle […] [Read More]

In less than four years after Westlake Flooring Services was founded, the company recently hit the milestone of 100,000 vehicles in its portfolio. Since November 2012, Westlake Flooring has grown to a division of more than 100 employees with approximately 1,000 active dealerships. “We are very excited to cross 100,000 vehicles floored,” Westlake Flooring Services […] [Read More]

You might be used to ordering everyday items like peanut butter, detergent or headphones on Amazon's Prime Now service.  But a vehicle test-drive? With the latest news out of Hyundai, that is now possible.  Hyundai Motor America has teamed up with Amazon for a program that lets car shoppers in the Los Angeles and Orange […] [Read More]

The National Automobile Dealers Association said thousands of store employees have suffered devastating losses from the recent flooding in Louisiana where storms left more than 20 inches of rain in some places. In light of NADA officials stressing that the need for financial assistance “is great and will last for many weeks to come,” the […] [Read More]

Southeastern Auto Auction celebrated 20 years in Savannah, Ga., with an anniversary sale on Wednesday. The event offered a record consignment featuring a variety of vehicles from new car dealers, independent dealers and institutional accounts, both in the lines and online. Dealers enjoyed a BBQ lunch and a chance to win a variety of prizes […] [Read More]

Former Cox Automotive executive Jared Rowe will become the chief executive officer of YP on Sept. 1, the local marketing solutions provider said in news release Thursday. Rowe was most recently president of Cox Automotive’s Media Solutions Group. Cox Automotive announced on Aug. 10 that Brian Geitner would be replacing Rowe, who was leaving the […] [Read More]

Evidently the Federal Trade Commission is far from finished with its regulatory actions involving what it dubbed Operation Steer Clear — a nationwide crackdown on misleading advertising regarding vehicle sales, financing and leasing that began more than two years ago. This week, FTC officials said three Dallas-area dealers, collectively known as Southwest Kia, have agreed […] [Read More]

Along with being ranked as one of the country’s fastest-growing private companies by Inc., FactorTrust this week hired Barbara Sinsley as general counsel and chief compliance officer. FactorTrust indicated Sinsley will provide the company with legal and regulatory guidance and manage its internal and external compliance programs and products. The company went on to mention […] [Read More]

As we begin to sense subtle signs of fall in the air, Black Book opted to take a look at which cars and trucks have seen the biggest depreciation at this time of year over the last decade. According to the analysis, that distinction goes to cars in the prestige luxury segment, followed by a […] [Read More]