With average federal tax refunding averaging more than $2,800, Swapalease.com sees the trend being a part of its approval lift seen in March. Approvals for vehicle-lease transfer application on the site came in at 70.7%, which is up from the February rate of 65.9% as well as the reading from last March of 67.3%. Swapalease […] [Read More]

How vehicles move through the wholesale market continues to evolve as evident by the new remarketing partnership announced on Tuesday by Auto Financial Group (AFG) and CarLotz. Through this relationship, AFG highlighted that its clients will have access to a comprehensive remarketing solution that’s designed to simplify their process and place vehicles for sale through […] [Read More]

The last two years have seen drops in the number of vehicles with unfixed recalls on the road, something that Carfax finds to be “great news,” but tempers it with this: significantly more progress needs to be made. There are currently more than 52 million cars with open recalls, compared to 57 million in 2018 […] [Read More]

The segment of the nation’s economic engine fueled by franchised dealerships ran pretty smoothly last year. In fact, employment and payroll at U.S. franchised dealerships continued to rise in 2018, according to the latest report released on Monday by the National Automobile Dealers Association. In 2018, the nation’s 16,753 franchised dealerships employed 1,136,600 workers, up […] [Read More]

In 2019, 70 percent of surveyed truck owners said they would switch brands if their preferred pickup truck brand increased its prices by $10,000. That number is up compared to 64 percent in 2018. That is according to CarGurus’ 2019 Truck Sentiment Survey, which compared pickup truck owner brand sentiment to a similar survey the […] [Read More]

Most weekdays, I spend the day in the Cherokee Media Group office, located in a suburban office park with ample parking and space for vehicles to move about. So, my colleagues and I could be considered a target demographic for a mobile, on-demand car care service like Spiffy, which is headquartered just up the road […] [Read More]

It wasn’t the strongest of starts to the year for used-vehicle sales, but the first quarter closed with the pre-owned market poised to remain at peak levels. The annualized rate of used-car sales in March was more than 39.5 million*, beating year-ago figures by roughly 200,000 units, Cox Automotive manager of economic and industry insights […] [Read More]

Most new-vehicle owners are still driving the vehicles after owning them for one year. But 3.4 percent of new cars are resold as used within the first year of ownership. Which vehicle brands are sold most frequently after only one year of ownership? A new study from iSeeCars.com breaks down some numbers regarding the vehicles […] [Read More]

At NADA Show 2019 earlier this year, Erin Kerrigan of Kerrigan Advisors talks dealership buy-sell activity, including the impact from growing digital retail. Plus, she explains why more buyers and investors are looking to move into this space. The full discussion can be found below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  You […] [Read More]

Record-high numbers of vehicles are coming off lease in 2019. At the same time, prices and interest rates are edging higher. With those trends in mind, understanding a vehicle’s retained value is extremely important for a shopper in knowing how much he or she can afford when buying a new vehicle, Edmunds senior consumer advice editor […] [Read More]