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SAAR Holds at 17M as June Sales Slip

Sales of Ram trucks grew by more than half in June, an enviable year-over-year gain fueled in...

U.S. dealers sold 2.6% fewer new cars and light trucks in June than in the same month a year ago, but standout performances in key segments kept the seasonally adjusted annualized selling rate above 17 million for the second straight month.


Industry Leader Lee Iacocca Dead at 94

Former Ford and Chrysler executive Lido Anthony “Lee” Iacocca, seen here in a 2005...

Famed auto executive and visionary Lee Iacocca has died, leaving a legacy of leadership, ingenuity, and a no-nonsense approach to the design, sale, and financing of American vehicles.


Ford Ends Ala. Dealer’s Gun Giveaway

Chatom (Ala.) Ford has ended a promotional campaign promising free shotguns to sold customers...

Ford Motor Co. has put a stop to Chatom (Ala.) Ford’s ‘God, guns, and freedom’ campaign following a shooting at a California dealership that left two managers and a former employee dead.


Lease Prices Fluctuate for Nissan, Others

Average lease prices for the Nissan Pathfinder rose to $319 per month in June, a 14%... reports changes to lease prices for a range of small, mid-size, and luxury SUVs, led by a 14% increase for the Nissan Pathfinder, as well as some Chevrolet, Cadillac, and Infiniti products.


KAR Rebrands CarsOnTheWeb as ADESA Europe

Acquired by KAR in February, CarsOnTheWeb has been officially relaunched as ADESA Europe.

KAR Auction Services has fully integrated and officially rebranded the recently acquired CarsOnTheWeb as ADESA Europe, serving dealers, wholesalers, manufacturers, and fleets in more than 50 countries.