A Cincinnati independent auction recently moved into expanded and updated facilities and revealed plans to ramp up its bimonthly repo sale. OKI Auto Auction relocated to a 10-acre lot, once part of the former Jim Beam Distillery off Interstate 75 at 120 Citycentre Drive. OKI leased temporary space for more than a year at the […] [Read More]

With OEMs pumping out a number of new electric vehicles to consumers, such as the Chevrolet Volt and the new Mitsubishi i, and fossil fuel costs rising, the hybrid and plug-in EV market is moving to take a significant piece of the automotive sales pie, according to a report from Pike Research. By 2017, the […] [Read More]

In the spirit of the holiday season, Lexus is trying its hand at using social media to push its campaign to raise money for Toys for Tots. Under its December to Remember sales event — whose commercials feature the “Big Red Bow” wrapping up Lexus vehicles like gifts — the luxury brand is donating $5 […] [Read More]

Dealers hoping wholesale prices would continue to soften as this year came to a close might be disappointed with the latest Manheim Used Vehicle Value Index. After five consecutive monthly declines from its peak reading in May, November’s index reading rose 0.8 percent to 123.8. However, Manheim pointed out Wednesday that wholesale used-vehicle prices (on […] [Read More]

A new third-party certified pre-owned program has hit the market and organizers say it can give dealers a shot in the arm amid today’s supply-restricted environment, thanks to eligibility limits that go up to 15 years and 150,000 miles. The president and chief executive officer of the company behind SureSale Certified spoke with Auto Remarketing […] [Read More]

With Spyker’s administrator looking to call an end to Saab’s reorganization, the pressure is on for the Swedish automaker yet again. A big obstacle to securing funds appears to be General Motors. Saab’s former parent has balked at the possibility of Chinese investors taking majority stake, and since GM has a deal to continue supplying […] [Read More]

In giving another production update Wednesday, Toyota declared that its U.S. inventories continue to improve with dealer stock increasing by 30,000 units last month. OEM officials also believe there is “a good supply of vehicles available. “Toyota thanks its customers, dealers and suppliers for their patience and cooperation throughout the recovery process,” they added. Toyota […] [Read More]

Ford Direct revealed Wednesday it has named a new general counsel and chief compliance officer of the company. Chosen for both positions, Meri Glade joins the company to oversee all legal affairs of the organization and provide counsel to the executive management team and the board of directors.  "Meri Glade brings considerable legal experience and […] [Read More]

With the expectation of more than 250,000 attendees, Barrett-Jackson is planning more than 13 events associated with its 41st annual Scottsdale auction of high-end collectible cars and more. Most of the events are set to take place at the Lifestyle Pavilion beginning on Jan. 15. “This year’s event will offer an experience for the entire […] [Read More]

Earlier this week, Dealer Synergy — an automotive online sales training and consulting company — revealed its new president, appointing Karen Bradley to the role. Bradley has been with the company for five years, and her experience includes being a 20 Group speaker and moderator and membership in the Women’s Automotive Association International. Her background […] [Read More]