Search engine iSeeCars.com says that buyers have much to consider when buying a used car, such as reliability, safety, and value retention. With those and other factors in mind, buyers looking for a used compact pickup truck should give serious consideration to the Toyota Tacoma, iSeeCars said. “Toyota has a reputation for building indestructible trucks, which […] [Read More]

Most vehicle buyers say COVID-19 affected their buying process in ways they didn’t expect. But as a result, many were more satisfied, according to the J.D. Power 2020 U.S. Sales Satisfaction Index (SSI) Study, released Thursday. J.D. Power redesigned the study for 2020, placing a much greater emphasis on digital retail and remote buying. The […] [Read More]

Improvements in dealer perceptions of used-car inventory and inventory mix were among the bright spots in the latest Cox Automotive Dealer Sentiment Index released Monday. While overall sentiment was down, dealers of all stripes were feeling better about the used cars on their lots. The used-vehicle inventory index was at 41 (out of 100) in […] [Read More]

Jerry Cox, who is chairman and chief executive officer with Potomac Strategy Associates, returned for another appearance on the Auto Remarketing Podcast to discuss one of the most complicated — and potentially deadly — challenges currently facing the industry. Cox shared how more automakers, including General Motors and Volvo, are being caught in the maelstrom […] [Read More]

In a year that has made it difficult for auto dealers and manufacturers alike to maintain — much less gain — traction with consumers, vehicle residual value retention has been a critical area of performance. The economic stress imposed by a pandemic year has placed renewed consumer focus on value as they make long-term decisions in […] [Read More]

New-vehicle leasing still isn’t quite at the level seen before the pandemic started, according to data provided by Experian Automotive. During the first quarter of this year, Experian reported that 30.19% of all new-model deliveries were connected to a lease. In the second quarter with COVID-19 in play, analysts found that leasing softened to 25.81%. […] [Read More]

Dealerships are currently experiencing a major shift when it comes to the use of technology within their business. From digital retailing to vehicle subscriptions to electrification, dealers are seeing a massive evolution in what their customers are looking for from them. COVID-19 has accelerated this change, giving consumers a taste of what it is like […] [Read More]

If you think vehicle prices are high in 2020, just wait ‘til next year. According to the 2020 Vehicle Depreciation Trends Report released by Motus last month, 2021 is likely to see depreciation rates slow between 1% and 3% throughout the year, assuming current trend lines remain in play. As you might expect, the current […] [Read More]

Independent dealers who use ACV Auctions to acquire inventory now have another option for their floor planning. On Tuesday, First Business — which just launched its floorplan service in June — announced a new agreement to offer floorplan financing through ACV. The company highlighted that the partnership can allow independent dealers who have earned competitive pricing […] [Read More]

Automotive ecommerce provider Modal announced a $15 million round of Series A financing Tuesday led by American Honda, which has been working with the company the past two years to build branded online-buying tools for its Honda and Acura brands. Prior investors also participated in the round, Modal said. “Our new financing will allow us to […] [Read More]