Honda and Lexus won in three categories each as CarGurus named the winners of its third annual Best Used Car Awards. Dodge, Ford, and Jeep won two categories apiece. CarGurus says its 2019 awards identify the best recent-year used models across 16 body style categories. The awards are based on CarGurus’ analysis of long-term projected […] [Read More]

Vehicles that maintain high residual/resale values deliver unmistakable benefits to all segments of the automotive ecosystem. Stronger values give manufacturers the ability to offer the market a competitive total cost of ownership advantage that can have a tangible effect on consumers and dealers alike. But what vehicles have the best residual values today? Which ones, […] [Read More]

Amid tight gross profits, dealers would be wise to pay close attention to trade-ins and their used-car operations to make up for lost ground. That’s according to a survey of more than 430 dealers late last year that MAXDigital conducted with Erickson Research.  “It’s tougher than ever to capture gross profits in today’s market, but […] [Read More]

The data is in: Prospective car buyers’ love of technology continues. Technology adoption is especially high among one of the sector’s most valued segments: 66% of those in-market for a new car or truck in the next 12 months say they are interested in trying the latest technologies, according to public opinion and data company YouGov. […] [Read More]

While your used inventory probably doesn’t have any self-driving cars — yet — your store already might have models containing the latest safety features a large number of consumers surveyed by CarGurus want. Along with gauging interest in vehicles having features such as a rear-view camera or blind-spot monitoring, the company’s newest automotive consumer research […] [Read More]

Despite the high average sale price of a late-model used Tesla Model S at $68,159, those vehicles sell faster than similar large luxury cars, with an average selling time of 35.5 days, according to a study from automotive research firm and car search engine, iSeeCars.com At the same time, however, among its comparable vehicles, the Model […] [Read More]

Wantalease.com noticed Ford reversed many of the “generous discounts” on vehicle leases the Blue Oval offered in March by increasing monthly payments in April. According to analysis shared on Wednesday, site officials noticed the Ford Fusion, Taurus, Escape, Explorer and Expedition all experienced price hikes this month. Wantalease reported the Fusion had the highest increase at […] [Read More]

More than half of all people in a recent survey in the northeast United States are considering an electric car when shopping for a new vehicle. But the survey shows that number increases to 63 percent when considering only millennials. When considering Baby Boomers alone, the number falls to 38 percent. That is just one […] [Read More]

While brand loyalty isn’t expected to be strong in the electric vehicle market, Tesla is bucking that trend. And on the autonomous vehicle front, Tesla was found to be the “most trusted name” to launch a product in that space, though some concerns are rising. As the auto industry continues to gauge and respond to the […] [Read More]

At NADA Show 2019 in San Francisco earlier this year, Dave Bates and Kasi Edwards of Reynolds and Reynolds talk about the dealer focus on increasing profit per customer, dealership employee productivity and efficiency, the impact of digitization on suspicious activity monitoring and more. Plus, the Reynolds execs share where they see dealers innovating. The […] [Read More]