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]

Ken Robinson, who is market research manager at Motus, joins the show to discuss his company's 2020 Vehicle Depreciation Trends Report. Ken and Auto Remarketing senior editor Joe Overby discuss used-car pricing and supply dynamics, vehicle affordability, segment preferences and vehicle demand trends. To listen to the entire conversation, click on the link available below, or […] [Read More]

As we move deeper into December, many people begin thinking about holiday shopping. And they often think about trying to get a good deal on a used car. However, those bargain-seeking shoppers might not be flocking to your store showroom or dealer website this month if they use the guidance recently shared by iSeeCars. The beginning […] [Read More]

As the pandemic makes this year’s holiday season look and feel different in many ways — including how people will travel— a new program from Autotrader and Kelley Blue Book aims to make road trips a little warmer and help people drive in style. The companies have created limited-edition “ugly” sweater light up face masks […] [Read More]

AAA projected a decline of at least 10% in travel for Thanksgiving — the largest one-year decrease since the Great Recession in 2008. For individuals who did go somewhere to see family and friends for the holiday, AAA Travel senior vice president Paula Twidale said the majority went by car, “which provides the flexibility to […] [Read More]