Ally Financial provided some insight on Monday in connection with potential buyers arriving at your dealership showroom or store website, especially individuals who already might be weary from new-vehicle sticker shock. Ally pointed out used vehicles are increasingly popular with Americans as consumers turn to the used market for more affordable options, but a recent […] [Read More]

NextGear Capital has a new president. Parent company Cox Automotive announced Monday that Scott Maybee, previously the general manager of Manheim Northstar Minnesota, is the new leader of the inventory finance company, a move effective today. Maybee will report to Cox Automotive executive vice president and chief financial officer Mark Bowser. “At Manheim, Scott successfully […] [Read More]

Ruggedness, durability and iconic design. Those are reasons why Jeep Wranglers are known for retaining their value, said iSeeCars chief executive officer Phong Ly. “Because of Jeep’s loyal following, their demand outstrips supply in the used-car marketplace, leading to high resale values.” Ly said in a news release. Jeep models account for the top two spots […] [Read More]

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]