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For dealer-owned reinsurance entities, avoiding volatility entirely can mean falling behind inflation and missing market rebounds that drive long term surplus growth. Missing just a handful of strong market days can materially impact cumulative returns—an important reminder for long horizon trust and investment strategies.
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KAR Auction Services has consolidated its Recovery Database Network management team following the company’s acquisition of Clearplan.
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ADESA has named 20-year industry veteran Dave Fountaine as the new general manager of its Buffalo auction.
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The number of electric vehicles on U.S. roads will double in the next three years, according to a new report from the Edison Electric Institute.
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Experts say a growing affordability gap is driving renewed interest in late-model sedans as new-vehicle buyers and manufacturers go all-in on SUVs and trucks.
Read More →Bradley J. Walsh has been hired as the new CEO of AutoSource, succeeding founder Luke Kjar as chief executive of the Utah-based branded title dealer group.
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Black Book’s November Used Vehicle Retention Index finds value and demand have pushed pre-owned prices skyward for the seventh month in a row.
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Waymo has set a new standard for driverless-vehicle proponents and ride-hailing providers by launching Waymo One, a revenue-generating autonomous transportation service.
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New-vehicle sales fell by 0.5% in November, but dealers remain on pace to exceed the 17 million-unit mark by the end of 2018.
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Chrysler unveiled the all-new Jeep Gladiator at the Los Angeles Auto Show in late November. Billed as “the most capable midsize truck ever,” the new vehicle marks Jeep’s return to the pickup ranks for the first time since the Comanche ended its production run in the 1992-MY. The Gladiator is due in showrooms in the second quarter of 2019.
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The Trump administration has threatened a 25% ‘chicken tax’ on Chinese auto imports in the wake of General Motors’ plant closures and ahead of a critical meeting with President Xi Jinping.
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