Author: David Muller

KAR Auction Services has named Peter Kelly president, a newly created role at the company. In the position, Kelly will oversee ADESA, Automotive Finance Corp. and Openlane, as well as KAR’s remarketing and digital services business.

U.S. sales for each of the five largest auto brands — Ford, Toyota, Chevrolet, Honda and Nissan — declined in 2018. But the No. 6 brand, Jeep, grew enough to keep the entire industry in the black for the year.

After a jury’s fraud judgment — and an eye-popping $5.8 million award — over the sale of a used Ferrari, an Arkansas dealership is arguing that the punishment does not fit the alleged misdeed — or the law.