With the peak of hurricane season now upon us, new data from CARFAX showed flood-damaged vehicles are resurfacing across the country. CARFAX estimates there are 408,280 flood-damaged vehicles on the roads nationwide, and experts said that number will likely rise following Hurricane Dorian that impacted the Southeast earlier this month. Vehicles reported as flood-damaged by a […] [Read More]

Susan Schmidt, vice president for the U.S. Consumer Credit Group at PayPal, joins the show to talk about PayPal Credit's business-to-business applications, its presence in the auto-parts business and potential for expansion. The full episode can be found below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  You can also listen to the latest […] [Read More]

Experian Automotive’s second-quarter data pegged the average monthly payment for a new vehicle at $550. That’s $25 higher than a year ago. That climb figured in part to new AAA research showing that average annual cost of vehicle ownership jumped 24% to $9,282, or $773.50 a month. That’s the highest cost associated with new vehicle […] [Read More]

When vehicle owners opt for branded audio systems, the cost is worth the value it brings to those owners and the manufacturers. That is according to Brent Gruber, who is the senior director of the automotive quality practice at J.D. Power. “Specifically, when consumers are happy with their branded audio system experience, it ultimately moves the […] [Read More]

Fair said Thursday it is buying Ford Motor Credit’s Canvas vehicle subscription service. Terms were not disclosed. Customers using Canvas, a wholly owned subsidiary of Ford Credit established in 2017, will transition to Fair, if they so choose. The Canvas team itself will make the move to Fair, as well.  Fair said in a news […] [Read More]

As a new study from IBM describes it, you’re heading to work in your new vehicle. The vehicle wishes you a happy birthday and shows social media greetings from family and friends. The vehicle starts driving you to your destination while also checking your health vitals, checking your house to see if you left any […] [Read More]

A wide array of components goes into orchestrating Used Car Week and its four distinct pieces — Pre-Owned Con, Auto Fin Con, Repo Con and the National Remarketing Conference. And one of the most important ingredients is collaboration with leading organizations such as the American Recovery Association. Executive director Les McCook shared why ARA is […] [Read More]

The average new-car buyer holds on to his or her car for 8.4 years, according to a new study by car search engine iSeeCars.com. But for many other types of cars, such as sports cars, their owners are more likely to keep them longer, said iSeeCars chief executive officer Phong Ly. “Sports cars typically aren’t […] [Read More]

You might need sharp eyes to notice, but Experian spotted an extremely slight decline in the volume of new-vehicle leasing booked during the second quarter. Analysts also pinpointed the top 10 models generating the most leasing volume in Q2. And two of the vehicles can be seen pretty easily in a driveway or parking lot. […] [Read More]

Matt DeLorenzo says now is a great time for vehicle buyers to get a strong deal on models “calling it quits for 2019.” DeLorenzo is senior managing editor for Kelley Blue Book, which has just completed a marketplace analysis showing which 2019 models — such as the 2019 Chevrolet Cruze — are heading into retirement. […] [Read More]