After taking dozens of questions about the first-quarter performance of each of the company’s major subsidiaries — ADESA, Insurance Auto Auctions and Automotive Finance Corp. — KAR Auction Services chief executive officer Jim Hallett exhaled and left investors with one more upbeat comment. “From our standpoint, we’re very pleased with the first quarter; very pleased, […] [Read More]

Along with his monthly look at the specialty markets, Black Book’s Ricky Beggs shared how recent changes in gas prices didn’t create wholesale price movements dealers might have anticipated. The Black Book managing editor began his weekly online commentary, “Beggs on the Used Car Market,” by asking dealers a question. Beggs wondered, “With gas prices […] [Read More]

On Tuesday, ADESA revealed who will be the general manager at ADESA Tampa and ADESA Birmingham. Moving over from his role as fleet lease manager at ADESA Sarasota, Curtis Farris will now oversee operations at ADESA Tampa as the auction’s general manager. Additionally, the company announced John Rea has returned and will now serve as […] [Read More]

It was announced this week that both an import and domestic OEM are preparing to boost production as demand increases. Starting with the Blue Oval, Ford said it will produce nearly 40,000 additional vehicles this summer by reducing its summer shutdown in several North American plants, including six assembly plants, from the traditional two weeks […] [Read More]

Thirty Chrysler dealerships from across 19 states have been recognized for demonstrating environmental responsibility in their daily operations, from use of solar panels to recycling rainwater. The group of dealers is the first to be recognized under the new Dealer Environmentally Conscious Operations Program, or ECO, launched last year by the Chrysler Group Network Development […] [Read More]

USAA, which helps military families secure auto financing, insurance and more, recently unveiled its second annual Best Value vehicles list along with its Top 10 models for teen drivers. Included in the rundown of 2012 models in 16 categories for consumers looking "to get the most bang for their buck" were: —Large Sedan: Dodge Charger […] [Read More]

General Motors is bringing in an executive from Volkswagen of America to be the successor to Susan Docherty as vice president of sales, marketing and aftersales for GM International Operations. Named to the position Tuesday was Mark Barnes, who most recently served as vice president of customer experience at Volkswagen of America. GM had previously […] [Read More]

FARMINGTON HILLS, Mich. — Mercedes-Benz Financial Services USA announced Tuesday a few executive management changes effective June 1. First up, former  vice president, general counsel and corporate secretary Matthew Roy has been appointed to the position of VP of human resources and administration. In his new position, Roy is responsible for overseeing human resources strategy […] [Read More]

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Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} LAKE SUCCESS, N.Y. — Sparked by its gains in first-quarter revenue and net income, […] [Read More]