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ADESA has promoted Lawrence Cubitt to Western regional vice president and appointed new general managers at five major U.S. auto auctions.
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Autotrader editors selected a total of 10 new mass-market and luxury vehicles that offer modern, stylish interiors and are available for less than $50,000.
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Despite concerns over affordability and a growing 90-day delinquency rate, Experian’s fourth-quarter report signals a continued reliance on auto financing is stabilizing the market.
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ADESA has launched its VirtuaLane live-auction technology at 20 locations in the U.S. and Canada.
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Chicago’s Ed Napleton Automotive Group has acquired the Minneapolis-based Village Automotive Group, which includes the only Lexus dealerships in Minnesota.
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ADESA has promoted 30-year automotive marketing veteran Kurt Madvig to vice president of product development.
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Former U.S. Congressman Dick Gephardt has made official his association with Fisker Inc. ahead of ‘significant industry announcements’ from the electric-vehicle manufacturer.
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Zurich North America has acquired Sea Pine Technologies in a move billed as a path to increased F&I sales for Zurich’s auto dealer customers.
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Electra Meccanica Vehicles Corp. has opened a SOLO electric-vehicle plant in Chongqing, China, and expects to deliver its first 5,000 vehicles by year’s end.
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Concerns over subprime lending and 90-day delinquencies offset an otherwise prosperous year for the auto finance industry.
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