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Cox: Dealer Pessimism Grows With New Threats

Cox: Dealer Pessimism Grows With New Threats

Cox Automotive’s latest Dealer Sentiment Index finds a ‘notable negative turn’ among U.S. dealers, the majority of whom took a dim view of the fourth-quarter market and their 2019 prospects.

December 12, 2018

IAA Cuts Ribbon on Flint Branch

KAR Consolidates Repo Management Team

KAR Auction Services has consolidated its Recovery Database Network management team following the company’s acquisition of Clearplan.

December 11, 2018

Number of EVs to Double by 2021

Number of EVs to Double by 2021

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.

December 8, 2018

Sedans Get Second Chance in Used-Car Market

Sedans Get Second Chance in Used-Car Market

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.

December 8, 2018

AutoSource Names Brad Walsh CEO

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.

December 8, 2018

Used Cars Add to Hot Streak

Used Cars Add to Hot Streak

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.

December 5, 2018

Waymo Rolls Out Self-Driving Taxis

Waymo Rolls Out Self-Driving Taxis

Waymo has set a new standard for driverless-vehicle proponents and ride-hailing providers by launching Waymo One, a revenue-generating autonomous transportation service.

December 5, 2018

Sales Down, SAAR Up in November

Sales Down, SAAR Up in November

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.

December 4, 2018

2020 Jeep Gladiator

2020 Jeep Gladiator

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.

December 3, 2018

Trump Seeks to ‘Equalize’ China Auto Tariffs

Trump Seeks to ‘Equalize’ China Auto Tariffs

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.

November 29, 2018

Cars Outpace Trucks in Lost Value

Cars Outpace Trucks in Lost Value

Black Book’s latest Market Insights Report finds used cars continue to depreciate faster than light trucks, but strong incentives for new cars indicate sustained demand for some types.

November 28, 2018

GM Kills 6 Models in Cost-Cutting Move

GM Kills 6 Models in Cost-Cutting Move

General Motors will end production of six Chevrolet, Cadillac, and Buick sedans as part of a restructuring that will close at least five plants and eliminate more than 14,000 jobs.

November 27, 2018

Calif. Dealers Resist Lincoln Facility Rules

Calif. Dealers Resist Lincoln Facility Rules

The California New Car Dealers Association is pushing back against factory policies threatening financial penalties for failing to build standalone Lincoln stores.

November 23, 2018