Jumpstart Automotive Media shared data with Auto Remarketing on Wednesday about how much vehicle-shopping activity dropped off within the path of Hurricane Florence. With potential buyers likely watching for warnings about torrential rains and flooding, Jumpstart examined shopping activity over the past seven days, compared with metrics recorded during the previous four weeks. According to […] [Read More]

Cox Automotive is holding steady with its estimates of vehicle damage from Hurricane Florence as flooding reaches near record levels in some places in North Carolina. The analyst team led by Cox Automotive chief economist Jonathan Smoke initially estimated last week that 20,000 to 40,000 vehicles could be lost due to flooding in the Carolinas. […] [Read More]

While the use of anti-theft technology in cars is strong, at the same time, thousands of vehicles are stolen every year from owners who leave their keys or fobs behind, says the National Insurance Crime Bureau (NICB). In fact, across the country, vehicle theft has reached averages more reminiscent of the late 1960s. “Even with […] [Read More]

As flooding continues, the used-car industry is mobilizing efforts to handle ramifications from Hurricane Florence, which authorities say already has resulted in 19 deaths throughout the Carolinas. From how to handle another swell of flood-damaged vehicles to what replacement demand might do to wholesale prices, Auto Remarketing reached out to an array of industry leaders […] [Read More]

Perhaps reminiscent of the flashing 12:00 on VCRs from decades ago, J.D. Power found that learning how new technology functions still remains a pain point for owners of the latest vehicles available. In-car multimedia technology — perennially the leading source of complaints among new-vehicle owners — is still a sore spot for customer satisfaction, but […] [Read More]

AAA looked to explain that vehicle calculation dealerships and finance companies know well, but the average consumer might not understand — depreciation. While dealerships have their run lists from auctions, and finance companies have scorecards, a study released on Thursday from AAA pinpointed depreciation as the largest expense associated with purchasing a new vehicle, computing that […] [Read More]

With powerful Hurricane Florence taking a wobbling route toward the Southeast, experts are already considering possible damages — especially to vehicles — in light of the catastrophes created by Hurricanes Harvey and Irma in Texas and Florida a year ago. The update distributed by the National Hurricane Center late on Wednesday showed how the Carolinas, Virginia […] [Read More]

The vehicle subscription market is still in its relative infancy, so perhaps it is appropriate that the segment has some eyeing the potential for massive growth and others with questions about its challenges.  But when it comes to weighing the pros and cos of subscriptions, Jennifer Reid of Equifax approaches it from the vantage point of, “Who’s the […] [Read More]

Experian recently determined that the average lease payment originated during the second quarter rose $19 year-over-year to $431. And consumers appear to have the credit profile to handle such a commitment since Swapalease.com reported that vehicle-lease credit application rates continued to improve in August. Site officials shared on Tuesday that their August approval rate came […] [Read More]

When it comes to the average number of days that used-cars stay on the market, hybrid and electric vehicles most often have the upper hand as far as attracting buyers the fastest. At a time when the average used-car between model years 2015 to 2017 spends an estimated 46.4 days on the market, both hybrid […] [Read More]