Think of a plant or tree seed. Physically, there’s not much there yet, but with the right environment, care and nutrients, within that seed is a lot of potential for growth. You might think of the used electric vehicle market in the same way. Still deep in its infancy, the seedling could blossom. As it […] [Read More]

As pandemic-induced supply-chain disruptions have sparked a global chip shortage, the automotive industry is experiencing the resulting ripple effect of inventory scarcity. Industry-wide data shows that consumer demand is up, evidenced by higher lead closing ratios, higher gross profits and more total sales on a month-over-month basis. Yet according to Autotrader, new-car inventory is down […] [Read More]

RVI Group has appointed David Klanica to the board of directors of R.V.I. Guaranty Co. Ltd. and R.V.I. America Insurance Co. Klanica joined RVI in 2007 and has managed financial reporting, securitizations, financial risk, business combinations and portfolio purchases, technical accounting research and training. Previously, he was chief financial officer for Pitney Bowes Capital Services, […] [Read More]

If your service drive is getting pretty busy nowadays — and not just with completing reconditioning for your used inventory — new data compiled and shared by the Auto Care Association is perhaps a reason why. According to data gathered by Auto Care Association director of market intelligence Mike Chung, vehicle miles traveled (VMT) for […] [Read More]

When purchasing a new car, many people conduct research and consider the up-front expense. But what about ongoing costs such as fuel, maintenance, insurance and vehicle depreciation? Those can vary greatly from one model to the next, according to Kelley Blue Book. With that in mind, Kelley Blue Book’s experts named the 2021 model-year brand […] [Read More]

Mainstream colors such as white, black, and silver, are popular among automotive consumers. But are those the best colors for helping a vehicle maintain its value? The answer is no, according to a new study from car search engine iSeeCars.com. Actually, more obscure colors tend to hold their value better than common and popular colors, […] [Read More]

The pandemic certainly reinforced the importance vehicles are to their owners, as Ally Financial highlighted in a consumer survey last fall. But while acknowledging the numbers are declining, CARFAX pointed out this week that millions of those vehicles are in operation with an open recall. CARFAX said its data shows the number of vehicles on the […] [Read More]

Look for used-vehicle sales this month to slow from March but beat year-ago figures significantly. That’s according to TrueCar, which is forecasting 3.4 million used sales for April. That monthly sum would be 6% softer than March, but mark a 58% increase from April 2020, which was the first full month of the COVID-19 pandemic. […] [Read More]

Zipcar is adding nearly 50 Zipcar vehicles to designated on-street parking spots across the City of Brotherly Love, as it builds on its partnership with the City of Philadelphia and the Philadelphia Parking Authority. This expansion supports the goals of the new Philadelphia Transit Plan, which include reducing reliance on personal vehicles and increasing access […] [Read More]

You don't have to be Phil Dunphy to know that in the world of real estate, they would call this a “seller’s market.” Supply is tight, prices are at record highs and inventory is turning. After reaching an all-time high last month, Cox Automotive’s measure of wholesale vehicle prices has continued to show steep gains […] [Read More]