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October Sales Point Toward 17M SAAR in 2019

New vehicle sales were down 1.8% year-over-year in October and were down 1.6% through September.

The seasonally adjusted annualized rate of U.S. new vehicle sales could exceed 17 million units for the fifth straight year, a surprise for many, as forecasters predicted a slight drop off in 2019.


Fed Triggers Third Interest Rate Cut of 2019

Chairman Jerome Powell announced the Federal Reserve's third quarter-point interest rate...

The Federal Reserve announced a quarter-point interest rate reduction yesterday, its third such move this year. The target federal funds rate now stand at 1.5% after starting the year at 2.25%.


Jeep Wrangler Again Tops Residual Value List

Jeep's four- and two-door Wrangler retained the most value after five years of ownership,...

Jeep's four-door Wrangler has placed at the top of a list of 10 vehicles that retain the highest percentage of their value over a five-year period, according to the latest report from iSeeCars.


KAR's Openlane Unit Gives Charitable Donations

KAR's Openlane business unit has donated to two charitable organizations.

KAR Global's Openlane digital marketplace has given $10,000 in donations to two organizations and will launch an employee engagement initiative in 2020 to support coding education in Canada, the business unit has announced.


Capps Officially Promoted to Manheim Sales Leader

Holly Capps has been promoted to senior vice president of Manheim sales, reporting to Cox Automotive CSO Tim McKinley, the company announced. Capps had served as the Manheim sales leader on an interim basis since July.