Dealers who purchase vehicles through non-auction channels can now save time during the funding process with the help of a new feature NextGear Capital has added to its Account Portal platform. Once notice of title is given, the new feature called Rapid Pay allows eligible dealers to initiate financing on vehicles purchased from wholesalers, customer […] [Read More]

Whether it is sorting out the specific type of vehicle to purchase or deciding on what dealership to visit, a new study confirms that social media reviews are a growing source of reference for consumers across the country. The MaritzCX study released Tuesday, titled, “The Impact of Social Among Car Buyers,” highlights the growing influence […] [Read More]

Throw out most any topic in an interview, and Sandy Schwartz is likely to have a thoughtful, educated response. But if you really want the Cox Automotive president to talk with some passion, ask him a question on politics and economics. Like, for instance, the impact that automotive vendors might see from a tariff on […] [Read More]

With a record number of off-lease vehicles elevating supply, used-car interest continues to grow, according to newly released car shopper interest data from Jumpstart Automotive Media. The number of people cross-shopping used is climbing. Used cross-shopping is up 19 percent across Jumpstart, according to the company’s eighth annual Industry Trends and Insights book. Interestingly, the luxury […] [Read More]

Toyota and Porsche shoppers can rest easy when considering their next vehicle’s expected deprecation before buying. The two brands are winners of the mainstream and luxury categories, respectively, in the 2018 Edmunds Best Retained Value Awards. The awards are based on the 2018 model-year vehicles with the highest projected residual values after five years. Toyota […] [Read More]

Among the familiar benefits this segment can provide, longest-lasting might just be the most attractive feature that dealers can tout when talking about sport utility vehicles. Car search engine iSeeCars.com’s latest study identifies the 10 vehicles most likely to last 200,000 miles or more. Across all vehicle segments, seven of the 10 longest-lasting vehicles identified are […] [Read More]

Based on how the flow of tax refunds impact the used-vehicle market, Cox Automotive wasn’t surprised by the movement of wholesale prices in March. According to Manheim Used Vehicle Value Index — a measure of wholesale prices adjusted for mix, mileage and season — wholesale used-vehicle prices decreased slightly in March compared to February. But March […] [Read More]

While compact cars continue to have the most affordable monthly lease payment, Wantalease.com is noticing that actions by automakers to keep trucks and SUVs attractive are spilling over into trends on its site. Wantalease.com reported that the Nissan Sentra is currently priced the lowest of all vehicles, coming in at just $109 per month for […] [Read More]

Along with recapping some of the full-year used-vehicle metrics he discussed during NADA Show 2018, KAR Auction Services chief economist Tom Kontos also pinpointed wholesale price movements for February. According to ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, wholesale used-vehicle prices in February averaged $10,707, which was 2.5 percent […] [Read More]

Some of the world’s leading experts in artificial intelligence (AI), applied analytics and decision management will gather in Miami Beach, Fla., later this month for FICO World 2018. Silicon Valley analytic software firm FICO highlighted that Sebastian Thrun, chief executive officer of Kitty Hawk Corp., and co-founder and president of Udacity, as well as chess grandmaster […] [Read More]