Recent News

KAR posts $32M net loss in Q2, but CEO expected worse

The company, which includes the ADESA wholesale auction unit, looks very different now from when it began the second quarter. ... Read More »

Daimler deepens alliance with Chinese battery maker CATL

The partnership will include supplying cells and battery systems as well as combining research. CATL will supply batteries for the Mercedes EQS luxury sedan, which Daimler says will have more than 430 miles of range. ... Read More »

Intent to buy used stabilizes while new-car intent weakens, study finds

Between June and July, new-vehicle purchase intent in the U.S. declined 4 percent while used-vehicle intent rose 2 percent, according to a survey by McKinsey & Co. on how consumers are responding to COVID-19. ... Read More »

FTC Testifies At an Oversight Hearing before the Senate Commerce Committee

The Federal Trade Commission testified today at an oversight hearing before the Senate Committee on Commerce, Science, and Transportation about the agency’s work to protect consumers and promote competition, including its efforts to combat frauds designed to...

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FTC Acts Against Online Sellers That Falsely Promised Fast Delivery of Facemasks and Other Personal Protective Equipment

Suits are part of FTC’s ongoing enforcement actions against companies that are taking advantage of consumers during the COVID-19 pandemic The Federal Trade Commission filed suit against three online merchandisers for failing to deliver on promises that they...

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Honda plunges into red amid pandemic pain

Honda reported a quarterly operating loss as the pandemic spread to its key U.S. market, but the Japanese automaker still predicts a full-year profit. ... Read More »

Levandowski gets 18 months in prison for stealing Google files

In sentencing former Google engineer Anthony Levandowski for stealing a trade secret from Google related to self-driving cars, months before becoming the head of Uber's rival unit, U.S. District Judge William Alsup described his conviction as the "biggest trade...

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CDK avoids big financial hit from coronavirus

CDK Global reported revenue declined 8 percent in its fiscal fourth quarter, but swung to a quarterly profit with the completed sale of its digital marketing business. ... Read More »

COVID-19 Market Updates

Black Book recently published an update to their COVID-19 Market Updates, which includes these highlights from the last week: wholesale prices, retail listing prices, overall wholesale prices, seasonally adjusted retention index, wholesale volume, and used retail...

... Read More »

COVID-19 Market Updates

Black Book recently published an update to their COVID-19 Market Updates, which includes these highlights from the last week: wholesale prices, retail listing prices, overall wholesale prices, seasonally adjusted retention index, wholesale volume, and used retail...

... Read More »