The streak of record wholesale vehicle prices looks like it might stop at three months. The latest mid-month reading of the Manheim Used Vehicle Value Index — which reached all-time highs in June, July and August — came in at 162.3.  The index finished August at 163.7. In an analysis accompanying the report, parent company […] [Read More]

The impact of COVID-19 on the electric vehicle market is more like a yellow light than a red light, according to a new whitepaper from Cox Automotive Mobility. Or as the analysis puts it, the hit to EVs will  be, “more of a stallout than a vanishing act.” The company released a whitepaper Monday titled […] [Read More]

Some good news, bad news in the certified pre-owned market. After two months of improving figures, August CPO sales fell 9% year-over-year, according to Cox Automotive’s analysis of Motor Intelligence data. And they have also shown a 9% year-to-date decline through eight months. The year-to-date drop is “(r)eflecting huge decreases in March and April and […] [Read More]

More than 55.7 million recalled vehicles on the road today have not been repaired. That's a 5% increase from 52.7 million in 2019. In 2020, pickup trucks and cars are the vehicles most likely to have unfixed recalls. That information comes from annual CARFAX data, and the company on Tuesday released new recall information that […] [Read More]

This week, Dent Wizard International introduced a version of its popular AlwaysNu vehicle protection, specifically for leased vehicles. As one of the largest providers of automotive reconditioning services and vehicle protection products in North America, Dent Wizard explained that AlwaysNu Lease Protection provides protection during the lease as well as reimbursement for common turn-in charges […] [Read More]

Used-car inventory can be scarce for car dealers these days.  With that in mind, PureCars chief executive officer Jeremy Anspach joins the Auto Remarketing Podcast to discuss alternative routes dealers are taking to find used cars, including mining their existing customer base. To listen to the entire conversation, click on the link available below, or visit the Auto […] [Read More]

Used Car Week will be an all-digital endeavor this year, with content spread across four weeks this fall. Here’s how that shakes out. The action begins the week of Nov. 16-20, with the Auto Fin Con and the National Auto Finance Association’s Annual Non-Prime Auto Financing Conference, which will run concurrently.  Then, Dec. 2-Dec. 4 […] [Read More]

While still facing headwinds, recent information from the U.S. Department of Labor, the Conference Board and ManpowerGroup showed encouraging trends associated with jobs — a key indicator for potential dealership retail vehicle sales and finance company portfolio health. Acknowledging on Labor Day that “this has been a year of extraordinary challenges for American workers,” U.S. […] [Read More]

A musty odor in the interior. Damp carpets. Rust around doors. With the arrival of hurricane season and more waterlogged vehicles showing up around the country, CARFAX is releasing information on various aspects of the situation, such as telltale signs of vehicle flooding. CARFAX is also highlighting statistics such as the fact that 446,836 flood-damaged […] [Read More]

Experian identified leasing market penetration among the top 20 automakers that booked that kind of financing during the second quarter. Swapalease.com also pinpointed two factors that could enhance brand loyalty in the leasing segment; information that could be especially valuable since the site discovered nearly eight out of every 10 leaseholders would like to exit […] [Read More]