Wholesale used vehicle prices increased 2.01 percent month-over-month in August. This brought the Manheim Used Vehicle Value Index to 139.7, a 6.4 percent increase from a year ago. It is…
Carvana Co. is planning to offer, subject to market conditions and other factors, $300 million worth of senior notes. Carvana intends to use the net proceeds from this offering to…
The father-and-son owners of a Mississippi used-car dealership pled guilty in what the National Highway Traffic Safety Administration is calling “a large-scale vehicle odometer rollback scheme.” Mark Longgrear and his…
The U.S. Environmental Protection Agency (EPA) and U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) will hold three public listening sessions on the proposed rulemaking, the Safer Affordable…
Certified pre-owned sales remain strong. Mazda reported certified pre-owned sales of 5,201 vehicles in August, marking an increase of 37.7 percent month-over-month. CPO sales are up 20.2 percent year-to-date. Porsche…
Copart Inc. opened its seventh location in Brazil. The facility is located at Estrada da Roseira, 6.725, bairro Borda do Campo, São Jose dos Pinhais, near the city of Curitiba,…
Santander Bank N.A. confirmed that the Office of the Comptroller of the Currency has terminated a consent order dating back to 2015 related to SBNA's billing practices with regard to…
The estimated average transaction price for light vehicles in the United States was $35,541 in August, according to Kelley Blue Book. New-vehicle prices increased by $643(up 1.8 percent) from August…
Westlake Financial Services celebrated 30 years in business on Aug. 30. To celebrate, Westlake hosted an employee appreciation event to celebrate three decades in the auto industry and honor its…

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