Fifth fatality reported from auction crash in Mass.
The death toll from this month’s deadly auction crash rose to five as a 55-year-old man died from injuries sustained during the incident.
Growing U.S. used-car glut is a consumer's dream, automakers' nightmare
A deluge of lightly-used cars in the US is good news for independent dealers, auto auction houses and car buyers. Not so much for automakers.
ADESA parent says Q1 net, revenue rise 14% on more auction activity
ADESA parent KAR's first-quarter net income and revenue both rose 14 percent, driven in large part by a surge in income at its auctions. Acquisitions also pushed the results up.
Death toll from Mass. auto auction crash rises to 4
A 50-year-old Massachusetts man died Wednesday as a result of injuries sustained during last week's deadly crash at an auto auction near Boston.
Fatal crash puts auction safety back in spotlight
A deadly crash at a Massachusetts auto auction has brought a recurring question back into the spotlight: How can bustling, cramped auctions be kept safe?
BMW makes adequate provisions for fall in residual car values
BMW AG has made adequate risk provisions to cover a worldwide drop in used-car prices, while cautioning that it expects a slight decrease in return on equity from its finance arm.
Crash at Massachusetts auto auction kills 3
Three people were killed at a Massachusetts auto auction Wednesday in what police believe to be an accidental crash.
Used-car retailer Carvana's shares skid in debut
Shares of used-car retailer Carvana fell 26 percent below the company’s initial pricing in their Wall Street debut on Friday.
New York attorney general cites 104 dealerships for selling vehicles with open recalls
New York's attorney general has reached legal settlements with 104 dealerships it identified as having sold vehicles without disclosing open safety recalls.
Off-lease glut? That ain't the problem
A glut of vehicles is threatening the industry's good times. But contrary to the predictions and pundits, it's not too many used vehicles. It's too many new ones.
Segment splits in wholesale prices
Wholesale prices for full-size cars outperformed other car classes in March, gaining while auction prices for all other car segments fell.
Used-car demand going strong at dealer groups
Our annual ranking of the top 100 dealership groups by used-vehicle sales shows solid gains in used unit sales and revenues for those retailers.
Carbiz goes toe to toe with CarMax
Some dealers shudder when they hear used-car giant CarMax is opening a store down the road. This used-only dealer deliberately placed his second store next to a CarMax. Here's his strategy.
Millennials may be fertile market for CPO
Dealers have an opportunity to hook in millennial vehicle-buyers through certified pre-owned programs and make plenty of money doing so, data from Cox Automotive show.
KAR to buy data provider DRIVIN for $43 million
KAR Auction Services will acquire DRIVIN, which aggregates automotive retail, pricing, registration and economic data to match vehicle inventory to dealer demand.
COMMENTARY: Keith Crain
Watch out for off-lease cars
We are flooding the market with low-mileage used vehicles with warranties that could throw a monkey wrench into the new-car marketplace.
Falling used-car prices could hurt new sales, analyst warns
Prices for used cars and trucks could fall 15 to 20 percent as dealerships become awash in off-lease vehicles, creating “a big problem” for new-vehicle sales, an analyst said.