As part of our collection of podcasts originating from Used Car Week 2019, Nick connected with Jerry Cox, who is chairman and chief executive officer with Potomac Strategy Associates. Cox shared insights that could help auctions and dealerships who might be handling vehicles still impacted by the massive Takata airbag recall and what federal regulators […] [Read More]

Commercial initiatives for HyreCar — a carsharing marketplace for ridesharing — have started to accelerate car supply in its key markets of focus, said HyreCar chief executive officer Joe Furnari. “Dealers are great providers of car supply for our platform, who provide higher utilization rates for their vehicles, which in turn drives increases in rental […] [Read More]

Blue. In the area of vehicles, that color reflects consumers’ desire for adventure, relaxation and reliability. That is according to paint and coating developer PPG, which on Friday announced its 2019 automotive color trends. The data showed a rise in blue automobiles. Holding a steady 8% of the total global color popularity data, blue was […] [Read More]

Among the festivities during Used Car Week 2019, the seventh annual Vincentric Best Certified Pre-Owned (CPO) Value in America Awards were announced. Leading the way was Ford, which collected six model-level awards. Lexus and Subaru also demonstrated strong CPO value with five and four model-level awards, respectively. The best in class performance by Ford Vans […] [Read More]

Land Rover has now won the top premium brand position in ALG’s Residual Value Awards six times, as the TrueCar analytics subsidiary released the results of this annual awards program Monday. Taking top honors on the mainstream side was Honda, which led all mainstream brands with five category wins. Subaru was second among mainstream brands […] [Read More]

The combined same-store new-car sales for the six publicly traded dealer groups were fairly steady in the third quarter, falling a shade under 1% year-over-year, according to company filings and Cox Automotive estimates. But their used-car sales? Same-store sales were up almost 11%, according to the same data set. As such, “the trend in our […] [Read More]

Swapalease.com reported declines in approvals for vehicle-lease credit applicants during October on both a month-over-month and year-over-year basis. But site officials classified the movements in both instances as “modest.” The site indicated its October approval rate registered in at 68.8%. That’s down from the September rate of 72.9%, as well as the October 2018 reading […] [Read More]

One of the many experts who appeared on stage during Used Car Week 2019 quipped about how the ride-sharing vehicle taken from the airport to the Red Rock Resort in Las Vegas could have used some “TLC,” likely stemming from its extensive use while in service. The anecdote provided a vivid example of what Preferred […] [Read More]

When Mindy Holman joined family-owned Holman Enterprises in 1986, she followed in the footsteps of her grandfather Steward and father Joseph, who currently serves as Holman Enterprises’ chairman emeritus. Today, Mindy Holman is Holman Enterprises’ chairman of the board. On Nov. 6, fleet services provider ARI, which is a subsidiary of Holman Enterprises, announced that the […] [Read More]

ALG chief industry analyst Eric Lyman describes certified pre-owned vehicles as a “key contributor to franchise dealer profitability,” and “an indispensable tool for automakers to manage off-lease volume.” With that in mind, ALG announced the winners of the 2020 Pre-Owned Value Awards, which Lyman says help consumers “zero in on desirable late-model used vehicles that […] [Read More]