The all-digital Used Car Week kicks off in less than a week, and one of the auto industry's top economists will be among those sharing insights.  The event begins with Auto Fin Con and the National Auto Finance Association’s Annual Non-Prime Auto Financing Conference, which will run concurrently the week of Nov. 16-20. On Wednesday of […] [Read More]

Used-vehicle sales last month fell 5% from October 2019, Cox Automotive estimated in analysis around its latest Manheim Used Vehicle Value Index, which was released Friday. The company pegged the seasonally adjusted annualized rate for used-car sales to be 37.5 million for October, versus 39 million in September and 39.6 million in October 2019. In […] [Read More]

With five apiece, Honda and Toyota each received the most model-level awards for resale value as the J.D. Power 2020 U.S. Resale Value Awards recognized the best resale value across 25 model-level vehicle segments following three years of ownership. Honda and Toyota were followed by Lexus with four model-level awards and Chevrolet and Dodge, which […] [Read More]

The number of franchised dealer reviews over four stars has grown as a percentage of all reviews. According to a study from auto industry online reputation services company Friendemic, the number of positive reviews grew from January 2017 through August 2019. Negative reviews have dropped below 13% of total reviews. In a blog post titled, […] [Read More]

It became apparent this spring, through the first wave of a Dealer Impact Study from Roadster and the National Automobile Dealers Association, that when dealerships were largely forced to go digital and sell remotely at the outset of the COVID-pandemic, they often became more efficient. Part 1 of the study found that a dealership salesperson was averaging […] [Read More]

That Generation Z or younger millennial car shopper your dealership is trying to reach with a TV ad likely is not a cable subscriber, according to data from The Trade Desk shared by Cox Automotive. In light of this shift from cable to streaming services — aka "cord-cutting" — Wayne Pastore of Dealer.com joins the […] [Read More]

CarEdge.com, a provider of analytical tools that automotive dealers and leasing companies use to assess vehicles’ current and future values, has introduced a vehicle financing calculator that compares the expected depreciation of a vehicle with the future balance on a car loan.   The company designed the calculator to make consumers aware of the risks […] [Read More]

To get a sense of how this year’s all-digital Used Car Week will begin, picture a sandwich.  If Thanksgiving week is the leftover turkey, stuffing and cranberry sauce, then the weeks of Auto Fin Con and Repo Con are the slices of bread bookending those feast-filled days. Before the holiday season kicks off, we’re bringing […] [Read More]

The COVID-19 pandemic may have helped spur pickup truck sales over the course of 2020. The main reason for that trend: younger car shoppers. That is one finding from the CarGurus 2020 Pickup Truck Sentiment Study. The study examines how COVID-19 has had an impact on sentiment related to the pickup truck segment. The study […] [Read More]

Perhaps you’re well past the age to go trick-or-treating. But Swapalease.com announced five “spooktacular” lease deals for the Halloween holiday that might help your dealership move some metal, which certainly could be a sweet way to close the month. The “spooktacular” lease deals aren’t just for base-model units, either, as site experts found diverse vehicle […] [Read More]