The automotive finance market grew during the first quarter, according to an Experian report. Total open automotive loan balances increased from $1.168 trillion in Q1 2020 to $1.288 trillion in…
Used car prices in April increased an unparalleled 16.8 percent, or $3,926, over last year in the wake of the microchip shortage, according to iSeeCars' newest study. Some vehicles had…
Manheim Central Florida has converted a building once used to host night sales into an 8,500-square-foot mechanic facility dedicated to retail reconditioning. With this service, Manheim delivers frontline ready vehicles,…
Penske Automotive Group plans to offer $500 million worth of fixed rate Senior Subordinated Notes due 2029, subject to market and other customary closing conditions, pursuant to an effective shelf…
Audi of America has appointed Emilie Cotter as Senior Vice President and Chief Communications Officer to lead U.S. public relations. Cotter will report to Audi of America President Daniel Weissland.…
Average wholesale used vehicle prices cracked the $14,000-mark for the first time ever in April and then proceeded to set new highs above $15,000 in May, according to Tom Kontos,…
It was June 18, 1981, that Harry and Zora Barber operated the first auto auction at State Line in Waverly, N.Y. That day, in two lanes, 107 vehicles were offered,…
Hitting U.S roads this summer is a new truck built by Rivian, a Michigan-based start-up. The all-electric R1T hopes to disrupt the pickup-truck market and it just might succeed. Trucks…
NextGear Capital has launched the first floor plan product in the industry designed specifically for new independent dealers. First Gear is a floor plan option that provides early access to…
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