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]

Google “October surprise”, and the top results will all reference the political aspect.  For example, from Wikipedia: “… a news event deliberatively created or timed or sometimes occurring spontaneously to influence the outcome of an election …”.  From Kavanaugh, to caravans, to Khashoggi, to pipe bomb parcels, this October had more than its share.  But, […] [Read More]

Skeptics of the vehicle subscription model may, in fact, be right to pose questions about how the segment is addressing some very important concerns. Many of those questions came to light during a keynote presentation from auto industry consultant Maryann Keller at the Automotive Intelligence Summit in July, and later recapped in Part I and Part II […] [Read More]

Ally Financial has jumped into NASCAR, partnering with Hendrick Motorsports and linking up with one of the sport’s most recognizable and successful figures. Ally will be the primary sponsor of Jimmie Johnson’s No. 48 Chevrolet Camaro ZL1 team for the entire 2019 and 2020 seasons. Johnson has won seven NASCAR Cup Series championships, tied with […] [Read More]

With the industry still sifting through units impacted by Hurricanes Florence and Michael, Carfax shared new information on Thursday, highlighting how many vehicles damaged by flooding remain operation. Compared to this point last year after Hurricanes Harvey and Irma hit the U.S., Carfax reported 478,000 flooded vehicles on the road; a figure that represents a 47-percent […] [Read More]

The brisk air and color-changing leaves may say otherwise, but October is looking a lot like September. Edmunds is predicting 3.3 million used-car sales this month, which is the same figure reached in September, based on its data set. The resulting used-car SAAR for the month is projected at 39.6 million – also on track […] [Read More]