Swapalease.com reported that the approval rate for vehicle-lease credit applicants on its website finished 2019 at a strong pace. Site officials reported this week that the approval rate came in at 72%, marking a rise from the November rate of 67.1%. Swapalease.com found that December contained a slightly higher number of applicants with qualifications for […] [Read More]

Dealer principals and general managers likely are used to seeing the healthy pace of their mainstream new models departing the store as a leased vehicle. In fact, Experian reported 28.76% of new models left franchised stores as a leased unit during the third quarter. Well, leasing of exotic and vintage vehicles appears to be quite […] [Read More]

Cutting sedans from the lineup could put automakers at risk of losing “sedan loyalists,” but the pre-owned market is one potential way to keep those buyers in the fold. Among a deep set of data in the second annual CarGurus Sedan Survey was this nugget: Almost a third (32%) of current sedan owners who want […] [Read More]

ALG, the analytics subsidiary of TrueCar, is calling for a 6% year-over-year rise in used-vehicle sales for January, forecasting a monthly sum of 3,329,070 units sold. That would also be a 12% month-over-month hike. It’s a strong start to the year that industry analysts are projecting to show steadiness or slight declines in used-car sales. Cox […] [Read More]

Wantalease.com is looking ahead to one of the most romantic holidays on the calendar, not only reporting the most attractive lease offerings available in January but forecasting which red vehicles will be best to lease for Valentine’s Day. Site officials recapped this week that several manufacturers offered attractive discounts and competitive pricing on midsize cars […] [Read More]

Automakers continue to spend billions on advanced vehicle features such as autonomous vehicle technology, assuming that consumers will pay a premium to gain access to those advanced technologies when they appear on the market, according to audit, consulting, tax and advisory services company Deloitte. However, results from the 2020 Deloitte Global Automotive Consumer Study show that […] [Read More]

Once again, the top 10 models in Kelley Blue Book’s Best Resale Value Award Winners list are dominated by trucks. One exception is what Kelley Blue Book director of residual values Eric Ibara describes as the “much-hyped” 2020 Chevrolet Corvette.   “Without the imminent prospect of significantly higher gas prices, the used-car demand for trucks continues […] [Read More]

The certified pre-owned vehicle market is on the cusp of a decade run of record sales. With 2.8 million CPO vehicles sold, 2019 was the ninth straight year of best-ever certified sales, according to a CAMIO report from Cox Automotive this week. It was also a 4% hike from the prior year. But will 2020 […] [Read More]

The dealership of the future, advancements in fintech, digital auction sales and economic indicators to watch were among the many topics on the table during the various panel discussions that took place at Used Car Week, which was held Nov. 11-14 in Las Vegas. Here’s a glimpse of some of those conversations. Dealers in the […] [Read More]

Five megatrends have the potential to bring modern technology’s full benefits to the mobility sector and to improve the commuter experience, according to Dominik Wee of Google Cloud. Those are autonomous driving, shared mobility, gaining deeper customer insights, digital manufacturing and connected cars. “Autonomous driving is what we believe is the most fundamental one because […] [Read More]