Need car, will travel. That’s been the mindset for many recent and prospective car buyers, who have gone or are willing to go the extra mile (or dozens of miles) to find that vehicle, amid shortages in both new and used cars. According to survey data from Cars.com, 9.8% of recent car buyers went to […] [Read More]

For decades, auto dealers have been constantly reinventing their advertising strategies to one-up their local competitors and entice car shoppers into their showroom. These ads have traditionally had a distinct, up-beat tone broadcast over radio and television channels, along with full-page ads in the Saturday newspaper promoting exciting deals on new and used cars and […] [Read More]

In recent years, an impending wave of off-lease supply was among the top stories in automotive. Not so much this year. According to the latest quarterly report from RVI Analytics, there was a 1.8% year-over-year drop in off-lease volume during April, and further softening is expected. “Given the low supply of new vehicles as a […] [Read More]

Swapalease.com shared more evidence that the auto-finance market appears to be stable. On Wednesday, site officials reported vehicle lease credit applicants on Swapalease.com registered a 69.9% approval rate in May. While the approval rate marked a small decrease from the 70.7% approval rate in April, it’s also higher than the same month last year when […] [Read More]

Despite record-high wholesale prices and limited supply, used-car sales continued to gain traction in May. Cox Automotive said in a Data Point report last week that there was a [Read More]

May was the fourth straight record month for the Manheim Used Vehicle Value Index, which hit the 200 mark for the first time ever, spokespeople with parent company Cox Automotive confirmed. The index reading for May was 203.0, which beat year-ago figures by 48.2%. [Read More]

In this episode of the Auto Remarketing Podcast, Jessica Lanier, who is vice president of marketing at Manheim and NextGear Capital, joins the show to discuss the digital shift in remarketing and the message of Manheim's "Our Mission is Yours" campaign.  Plus, we discuss lessons learned from the pandemic and much more. To hear the conversation, click […] [Read More]

Along with delving into some data showing average credit scores, Experian’s Q1 2021 State of the Automotive Finance Market report also revealed the top 10 new models leased during the first quarter as well as the top 10 states where leasing originated. Perhaps one day coming back into the market as potential certified pre-owned units, Experian […] [Read More]

Even as vehicle supply remains short and prices hit record highs, demand continues to surge in the used-car market. TrueCar was forecasting that May’s retail used-vehicle would end up beating year-ago figures by 13% and besting April’s by 4%. The firm is projecting that once final numbers are tallied …  [Read More]

The used-car market is usually a steady one, which makes this year’s price surge all the more “unparalleled,” as iSeeCars.com details in an analysis released this week. For instance, used-vehicle prices climbed just 0.1% year-over-year in April 2020, according to iSeeCars. In April 2019, they dipped just 0.2%. However, in April of this year, there […] [Read More]