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]

The Automated Vehicle Safety Consortium launched this past April, with a mission to inform and accelerate the development of industry standards for automated vehicles. The consortium convenes OEM and technology member organizations such as SAE International, Ford, General Motors, Toyota and Uber ATG.  On Thursday, AVSC added to its consortium, announcing Daimler as its latest member. […] [Read More]

The automotive industry is experiencing a used-car renaissance with consumers heavily favoring used inventory over new for their vehicle purchases. While many factors are in place, this shift could primarily be attributed to used vehicle quality being better than ever, while new car prices continue to skyrocket. In fact, per Cox Automotive data, in August, […] [Read More]

One of the strong selling points dealerships have when retailing new and late-model vehicles is the advanced safety features these units might have. New research from AAA showed these advancements might not be performing quite to a level drivers and retailers might anticipate. AAA shared results from an extensive study that included four sedans that […] [Read More]

Ally Financial is going to remain in the auto racing business for at least three more years. Less than 12 months after it first raced into NASCAR, Ally Financial on Friday extended its full-season primary sponsorship of Hendrick Motorsports and the No. 48 Chevrolet Camaro ZL1 team for three more years through the 2023 season. […] [Read More]