Subaru and Land Rover are taking home the 2019 Residual Value Awards from ALG in the mainstream and premium brand categories, respectively. Subaru has now topped the mainstream category seven straight years, ALG said.  In addition to the brand categories, the RVAs recognized the 2019 model-year vehicles in 26 individual segments that are expected to […] [Read More]

Edmunds is calling for 3 million used-car sales this month, and while that would be lower than what the market reached in October, the company is calculating that the seasonally adjusted annualized rate for November will actually be higher. Specifically, Edmunds is projecting a 39.8 million used-car SAAR for November, compared to 39.6 million last […] [Read More]

After seeing data from the Federal Reserve, Swapalease.com expected its vehicle-lease transfer approval rate to improve in October. Site officials determined lease credit applicants registered a 70.9 percent approval rate in October, a slight rise from the September rate of 69.8 percent. The year-over-year improvement was much more robust as Swapalease.com mentioned just 55.6 percent […] [Read More]

Subaru and Jaguar topped the overall mainstream and luxury brand categories, respectively, in ALG’s third annual Pre-Owned Value Awards announced last week, while Nissan and Mercedes-Benz led the individual model portion with three wins each. The 2019 Pre-Owned Value Awards, also known as POVAs, recognize the 2-year-old used vehicles that are expected to have the […] [Read More]

The focus is on pre-owned, but there’s a bit of “new” going on at Used Car Week this year. To borrow from the real estate industry, we’ll start with location, location, location. While this ain’t our first rodeo in Scottsdale, Ariz., it is the first time Used Car Week has visited the Westin Kierland Resort […] [Read More]

In what ended up being another record for the Manheim Used Vehicle Value Index on the wholesale side, it was a bit of a mixed bag for rates on the used retail sales side during October. Manheim parent company Cox Automotive said in a report on the index that used-car retail sales fell an estimated […] [Read More]

While full-year used-car prices should increase by more than 3 percent this year, you can expect some slowdown over the next few years, according to the latest quarterly RVI Risk Outlook from RVI Analytics. For full-year 2018, the RVI Used Vehicle Price Index is likely to grow 3.1 percent over 2017. However, the index is […] [Read More]

The average premium that a shopper will pay for a certified pre-owned car is 3.6 percent, according to an analysis from iSeeCars.com, which said the lowest premium (percentage-wise) can be found on the Jeep Wrangler Unlimited. The company looked at more than a million 2015 model-year used cars to gauge how much more the CPO […] [Read More]

Stephane Ferri is head of strategic development at Flexdrive, a car subscription services provider and a joint venture between Cox Automotive and ARI. But his background includes a dozen years at Asbury Automotive Group. So, when it comes to the vehicle subscription space in which Flexdrive operates, “I'm always going to think of it as a […] [Read More]

“That’s gold, Jerry! Gold!” Kenny Bania’s evaluation of Jerry Seinfeld’s witty “Ovaltine” humor is an apt one, but you know what’s worth even more?  The cars the latter comedian drives on his current TV show. The crew at Black Book, which also tracks collector-car values in addition to its reporting on the mainstream used-car market, analyzed […] [Read More]