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]

Why is car subscription the way of the future for dealerships? How can dealers ease their dealerships into the new mobility services? And how can dealers dip their toes into mobility services instead of diving head first into the deep end? Those are just some of the topics covered in a new Cox Automotive Mobility […] [Read More]

The overall used-vehicle sales market was a bit slower in July, but the seasonally adjusted annualized rate is still tracking towards 40 million, and dealers are enjoying strong used-car operations. Not to mention, the used retail SAAR was up from June and year-ago figures, and the public dealer groups are showing strength in used-car sales. […] [Read More]

In the latest installment of the annual Power 300 issue of Auto Remarketing, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features.  Next up is Lisa Scott, president of PAR North America.  Auto Remarketing: What are some of the top challenges/needs right now that […] [Read More]

In the latest installment of the annual Power 300 issue of Auto Remarketing, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features.  Next up is Jonathan Banks, vice president and general manager of vehicle valuations at J.D. Power.  Auto Remarketing: More than halfway through […] [Read More]

Used-vehicle sales are likely to reach 39.0 million for full-year 2019, still a healthy tally, but it would be down 1.1% from last year. That’s according to Oliver Strauss, who is chief economist for the ALG subsidary at TrueCar. There were 39.43 million used-car sales last year, he said. “Overall demand for vehicles has gone […] [Read More]

According to data compiled by the National Automobile Dealers Association, the average amount of total expenses at a franchised store climbed by nearly $400,000 between 2016 and 2018 to above $6.8 million. During the span, the Federal Reserve raised interest rates eight times. While “Money and Smoke” might seem like the clever title for the […] [Read More]

As automakers continue their work in developing self-driving vehicles and moving toward greater electrification, J.D. Power says being aware of whether consumers are on the same road — and headed in the same direction — is important. “That doesn’t seem to be the case right now,” Kristin Kolodge, the executive director of driver interaction and human […] [Read More]

As the auto industry makes more advancements toward producing cars that can drive themselves, you would think consumers would support the concept more as they learn more about the technologies and how they can benefit their lives. “That’s only true if everything goes to plan,” said Ryan Robinson, automotive research leader for Deloitte. “So we’re […] [Read More]

All automakers are manufacturing vehicles that consumers like, said J.D. Power vice president of global automotive Dave Sargent. “But some of them are doing it at a higher level than others,” Sargent said in a news release. Porsche, Ram, and Ford are among the automakers doing the best job of reaching those high levels, according […] [Read More]