The automotive industry has seen a dramatic year so far. NADA chief economist Steven Szakaly highlighted what he expects will round out to 17.3 million new light vehicle sales by the end of 2015 and further forecasted a figure of 17.7 million for 2016, ushering in the “beginning of the end” for what Szakaly labeled […] [Read More]

Continuing the awards doled out at Used Car Week, both Vincentric and IntelliChoice recognized top automaker certified pre-owned programs Tuesday during the CPO Forum portion of the week-long conference series. Starting with the 17th annual IntelliChoice Certified Pre-Owned Car Awards, the Best Premium Program Award went to Jaguar, while Kia was honored with the Best […] [Read More]

J.D. Power has further thrust its hat into the ring of third-party auto sites by today launching its all-new consumer auto ratings and research website. According to the company, the new site features the following: new car quality ratings new car performance & design ratings used car dependability/reliability ratings new car pricing (MSRP and invoice), fuel […] [Read More]

Wholesale value declines last week continued to be strong, as seasonality takes its toll on the lanes. According to the latest Black Book Market Insights report, wholesale prices for cars fell by 0.72 percent or $78 last week, while the trucks took an average hit of 0.44 percent or $68. These are much higher declines than […] [Read More]

Land Rover and Subaru took the podium for overall brands recognized by ALG’s 2016 Residual Value Awards, which annually honor the brands and individual models with the highest retained value. Land Rover was recognized for the second consecutive year as the premium brand with the best overall residual values, while Subaru was acknowledged for the same […] [Read More]

Manheim announced Tuesday it has chosen a vice president of product management to help deliver a better experience for its clients. Promoted to the role is Stephen Smith, who will now help guide the development of strategic products services. “Stephen’s wholesale and retail marketing expertise, coupled with his knowledge of understanding the challenges clients face […] [Read More]

Penske Automotive announced Tuesday it has added four new franchises to its lineup. The dealer group has acquired Audi Eatontown, Porsche Monmouth, Jaguar Monmouth and Land Rover Monmouth, which are all located in Monmouth County, N.J. Penske management pointed out this is one of the wealthiest counties in the U.S.   Penske purchased the franchises […] [Read More]

Consolidated Asset Recovery Systems’ fourth appearance on the Triangle Business Journal’s annual Fast 50 list is also its first time coming in at No. 1, representing the top of the top of the fastest-growing private companies in the Raleigh-Durham area. The company was founded by two software supply chain experts, Steven Norwood and Terry Groves, […] [Read More]

The analysts at Edmunds.com set out explore an interesting question. Since there are a variety of vehicles named after geographical locations – examples being the Toyota Tacoma, Hyundai Tucson, Chevrolet Colorado, etc. – are any of these vehicles actually popular in the areas they’re named after? Picking through Polk’s registration data – the answer to […] [Read More]

DRIVIN, a data-driven service designed to help dealers source used vehicles — announced Monday it has expanded into Florida. And this might be the first release of many, as DRIVIN management said the growth into Florida is “the first step in a bigger national rollout plan for 2016.” The company also reported it has chosen […] [Read More]