Retail

Vehicle Acquisition Network rolls out 2 robust training resources for dealers

Vehicle Acquisition Network (VAN) opened the month by releasing a new eBook focused on five process principles for completing private-party purchases based on extensive dealer feedback. And then this week, VAN, which connects dealers to more than 18 private-party platforms, ...
[Read More]

Wholesale

How vehicle volumes, sales rates performed at NAAA-member auctions last year

The number of vehicles entering the lanes at NAAA-member auctions fell 7% year-over-year in 2022 and the number of units sold dropped 4%, but here’s some good news for their consignor partners: average price per unit climbed 4% and hit ...
[Read More]

Technology

J.D. Power, Motorq partnership to provide consumers with data on used EV battery health

J.D. Power said Wednesday it is collaborating with connected vehicle analytics and infrastructure company Motorq to provide insights to the auto industry based on connected vehicle data. And this partnership kicks off with used electric vehicles — specifically, data to ...
[Read More]

Financial

PODCAST: TransUnion on keys for leasing to regain momentum

A new TransUnion study found that the lease market was down almost half from 31% in January 2020 to 17% in July 2022, more than twice the decrease in auto financing over the same period.  The study also examined the ...
[Read More]
Satyan Merchant at AFSA 2023

Analysis

Consumer interest in used EVs more than doubles

Consumer interest in used electric vehicles has more than doubled year-over-year, and many of those with an EV trade-in are apparently pleasantly surprised at what their trade fetches. Though the industry is still working to solve challenges in the pre-owned ...
[Read More]

X