Today’s vehicles have the potential to reach 200,000 miles. With the right maintenance and care, that is. The latest study from iSeeCars determined which models have the highest percentage of vehicles that reached 200,000 miles. For the study, iSeeCars.com analyzed more than 13.8 million pre-owned units sold in 2018 from model years 1981 through 2018. […] [Read More]

Icahn Automotive chief executive officer Dan Ninivaggi believes in investing in “the future of our industry and the people that power it.” His company had that in mind when it awarded the first scholarship in early February at its Race to 2026 launch event at NASCAR Technical Institute. Icahn recognized Jonathan Fanstill, a military veteran […] [Read More]

For those who work in or follow the used-car market, you may have seen a familiar face during a late autumn airing of “Mad Money” on CNBC. That being Jim Hallett, chief executive officer of KAR Auction Services, who was interviewed by host Jim Cramer. During NADA Show 2019 in late January, Auto Remarketing asked […] [Read More]

If you are part of the used-car retail or remarketing industry, you might know Ron Hope as the president and chief executive officer of Capital Automotive Reconditioning Services (better known as CARS Recon), a company he founded in 2002. Of course, Hope's background in the auto industry, according to a company bio, goes back a lot […] [Read More]

There will likely be about 3.5 million used vehicles sold this month, beating January figures of 3.1 million, Edmunds projected in its latest monthly auto-sales forecast, which was released last week. The seasonally adjusted annualized rate is expected to come in at 39.3 million, versus 39.2 million a month ago, according to Edmunds. In similar, […] [Read More]

Upfront price is the most important priority for U.S. and European consumers when buying a new vehicle. For Chinese consumers, however, ride and handling are most important. That is according to a new report from market intelligence and consulting company, Strategy Analytics. For younger age groups, however, safety and infotainment features have been rising in […] [Read More]

Friday is the most popular day for buyers to visit a dealership, while 59 percent of car buyers spend time doing online research. And six out of 10 shoppers are undecided on a specific vehicle when they enter a dealership. If dealers want statistics like those on understanding their market and their core target audience, they […] [Read More]

For decades, Japanese-brand automakers have made investments in the U.S. economy and U.S. workforce. That commitment has paid off for U.S. workers. According to an employment study that Rutgers University economics professor Thomas Prusa prepared for the Japan Automobile Manufacturers Association’s U.S. office, those Japanese automakers generate 1.52 million jobs throughout the United States. The […] [Read More]

John North III, who is resigning from his chief financial officer post at Lithia Motors effective March 1, is joining Avis Budget Group as its CFO, effective March 18.  Avis Budget noted in a news release that North will oversee all financial aspects of the business, including financial planning and analysis, accounting and financial reporting, tax, internal […] [Read More]

Dealer organizations are becoming even more roiled over what’s unfolding in Washington, D.C., regarding whether imported autos and auto parts represent a national security threat. Even after taking into account the mitigating effects of the new United States Mexico Canada Agreement (USMCA), the National Automobile Dealers Association said tariffs on autos and auto parts under Section […] [Read More]