Swapalease.com reported the highest number of credit approvals for vehicle-lease transfers in nearly three years. Site officials said this week that the approval rate in September came in at 72.9%, representing a 4% increase from the August rate of 68.9%. The last time credit approvals on Swapalease.com rose higher than 72.9% was in March 2016 when […] [Read More]

The used-vehicle market performed very well through the first half of 2019. Used-vehicle prices have, on average, risen 2.1% compared with the same period in 2018 as new-vehicle prices have risen and supply has slightly declined. The strong showing in the used-vehicle market illustrates just how volatile the macroeconomic picture has been. In January, the […] [Read More]

Used-car sales for October are likely to climb nearly 4% year-over-year and tick up modestly from September, according to a sales forecast released Monday by ALG. Specifically, ALG is forecasting 3,439,074 used-vehicle sales for the month. That would beat October 2018 sales by 3.7% and September sales by 0.2%. The resulting year-to-date tally would be […] [Read More]

An extra hour of sleep is nice. But according to a recent survey from Autolist, the negatives of daylight saving time outweigh the positives. That is especially true when it comes to people’s daily commute, according to the survey. Six percent of survey respondents said they had been in a car crash that was the […] [Read More]

Lease penetration a shade below 30% not only means that demand for leasing is strong, but future off-lease volumes should continue to be plentiful to a used-car market that hasn't just absorbed the additional supply, but thrived from it. That’s according to analysis released Friday by Cox Automotive, which did the math on how current […] [Read More]

Technology-laden vehicles present a double-edged sword for rental car companies, according to a new J.D. Power study. Rental car satisfaction scores are highest when vehicles have 21 or more features, such as cruise control, GPS, UBS ports and premium sound systems. But those scores fall 140 points when renters say that vehicle features are difficult […] [Read More]

Since 2017, the Used Car Week logo has been a circle, with stripes of different colors lining the perimeter, continually looping into the next to form the shape of a gear on the interior. The colors represent the individual conferences and topic focus areas of Used Car Week. The fact that each stripe feeds into […] [Read More]

Ninety-six percent of car owners according to a recent report think they will own a car in the future. However, almost half of them would consider giving up car ownership if autonomous mobility in the form of self-driving buses or taxis was an available option. The report from Accenture is titled, “Mobility Services: The Customer […] [Read More]

The Auto Intel Council — a private, membership-based organization owned and managed by Cherokee Media Group — produces quarterly Auto Intel Briefings that feature data reports, whitepapers, research and more, contributed by AIC members. These Auto Intel Briefings provide the industry and its stakeholders unique insights and perspectives on various topics driving the automotive business. The latest […] [Read More]

Used-car sales saw only a slight decline last month, and the seasonally adjusted annualized rate of sales remains on a steady course, according to Cox Automotive. There was a 0.1% dip in sales volume for used cars in September, the company said, compared to an 11.3% slide on the new-car side. The overall used-car SAAR […] [Read More]