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]

While about two-thirds of dealers surveyed in the second annual Kerrigan Dealer Survey don’t plan on altering their own purchase plans, just under half think that the next 12 months will show a rise in buy-sell activity. And a quick observation of the market indicates the past couple of weeks have already been a busy market […] [Read More]

Used Car Week’s Auto Fin Con concludes Friday with another round of live sessions. The virtual expo hall opens at 11 a.m. (ET), and the day gets rolling in earnest at noon with opening comments from Cherokee Media Group president Bill Zadeits, DRN executive vice president/general manager Jeremiah Wheeler and NAF Association president Joel Kennedy. The first […] [Read More]

When it comes to holding the highest percentage of their manufacturer’s suggested retail price after a three-year period, Subaru ranked as the top mainstream brand, and Lexus was the top premium brand, according to ALG's 2021 Residual Value Awards. Future vehicle value forecaster ALG, which is the analytics subsidiary of TrueCar Inc., announced the 2021 […] [Read More]