J.D. Power says that when a vehicle retains a strong resale value, it also typically has higher residual values, and the company said in a news release that those vehicles “offer unmistakable benefits to automakers and consumers alike.” In the 2019 J.D. Power Resale Value Awards, which were presented to automakers on Wednesday, the GMC Sierra […] [Read More]

The Q2 Lease Trends Report from Swapalease.com showed that the appeal of crossovers might be at a tipping point. A year ago, Swapalease.com indicated roughly 7.4% of drivers polled said they would shop for a crossover if they needed to go out and lease a vehicle that day. A year later, the site discovered that […] [Read More]

More electric vehicles are available today than ever before, said Chase Disher, an analyst at Autolist. “But that hasn’t done much to change consumers’ perceptions of them,” Disher said in a news release. “The misconceptions that electrics faced at the beginning of this decade are still a major impediment to their success right now.” According […] [Read More]

A Cox Automotive conference call discussing the latest phase of its study titled, “Evolution of Mobility: The Path to Electric Vehicle Adoption,” highlighted results from a Cox Automotive survey of consumers and dealers. One of those findings: Consumers believe EVs are coming, but that hasn’t increased their interest in buying one. The session discussed additional […] [Read More]

In announcing its 2019 Vehicle Satisfaction Award winners, AutoPacific said that Nissan’s Murano and Maxima “continue to be unbeatable” since their redesigns entered the market in 2015 and 2016, respectively. “Even with new competition this year in the all-new Subaru Ascent, Volkswagen Atlas and Lexus ES, the Murano and Maxima came out on top,” AutoPacific […] [Read More]

Eight years ago, CarLotz started out “to change the way people sell their vehicles,” said CarLotz chief executive officer Michael Bor. “Being within the top 500 of the Inc. 5000 is validation that we have truly made an impact in the auto industry,” Bor said in a news release. “I’m constantly impressed by the hard […] [Read More]

When it comes to explaining the rewards of becoming an auto service or other transportation industry technician to the parents of children in middle- and high-school, Tina Smith and TechForce Foundation have this message: “There are different roads to success, and even though your child doesn’t want to go to a four-year college, it doesn’t […] [Read More]

A positive car buying experience is more important to customers than price. That is according to a recent survey from Roadster, which provides car buying and leasing commerce solutions. And according to the survey, that positive experience is also more important than price in other industries. Roadster’s survey covered sectors such as grocery, apparel and […] [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]

 A shade over 29% of new-vehicle sales in the first quarter of the year were leased, according to Experian’s latest State of the Automotive Finance Market report. That’s down a smidge from 29.83% a year earlier, but Experian notes in the report that a lease “continues to be a sought-after product, generating payments on average […] [Read More]