Luxury sales have steadily grown over the past three years due to the segment’s consistent owner loyalty and growing appeal among mass market vehicle owners, according to recent data from Jumpstart Media. The luxury segment currently accounts for 13 percent of total sales, up 3 percent from 2014, shows the company’s latest auto shopper study in […] [Read More]

It’s the decision consumers who acquire a new vehicle must make in order to have a payment that fits their budget. Stretch the traditional installment contract out to nearly 72 months or take on a lease for about half of that time. Perhaps what’s good news for dealership customers and their used-car managers, Swapalease.com reiterated […] [Read More]

This year’s end-of-summer online car-shopping drop was less notable than prior-year seasonal changes, according to new Dealer.com data. Dealer.com’s October DataView index found that total dealership website visits in September dropped by 6 percent compared to August. Meanwhile last year, Dealer.com found a 9-percent drop in total traffic in September compared to August. And in 2015, […] [Read More]

GM Financial announced Monday that it has chosen the Ronald McDonald House at Boston to receive a vehicle as apart of its Cool Cars for Remarkable Kids program. The Ronald McDonald House at Boston Harbor is the 18th Ronald McDonald House to receive a vehicle since the program launched earlier this year. This month, GM Financial also […] [Read More]

While Group 1 Automotive watched some rebounding happen in Texas, the dealer group also cheered what’s occurring on its international fronts, especially in the United Kingdom. As the nation’s new-vehicle sales declined nearly 9 percent as a whole during the third quarter, Group 1 posted a 2.9-percent sales increase on a same-store basis. Also of note, […] [Read More]

Compared to recent years, used-vehicle values were unusually strong in the third quarter thanks to Hurricane Harvey, and that should continue to some degree over the last few months of 2017, says Kelley Book Book.  As should demand for replacement vehicles, particularly the pre-owned variety.  One- to 3-year-old vehicles at the end of Q3 were retaining 56 percent […] [Read More]

We're back in Atlanta to talk with Cox Automotive chief economist Jonathan about everything used cars. Plus, Jonathan explains why the auto industry is like the song "Feel It Still", by Portugal. The Man. Check out the conversation below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  You can also listen to the latest episode in […] [Read More]

The auto lease credit approval rate in September registered the lowest percentage seen this year, according to data from Swapalease.com. The approval rate fell to 47.6 percent following a relatively strong August, when the rate was 68.3 percent, according to Swapalease. Hurricanes Harvey and Irma have likely contributed to September's notably low rate. Last month, Swapalease.com saw […] [Read More]

We circle back to one of the most difficult challenges of the automotive business — repossessions — for the latest episode of the Auto Remarketing Podcast. Nick is joined by Cort DeHart, who is the corporate strategy manager with MBSi Corp. The conversation touches on how complicated repos can be and how the industry is […] [Read More]

U.S. News & World Report has released its list of the Best Used Cars for Teens, and three models from General Motors cracked the rankings.  The rankings can be a resource for parents in search of safe, dependable used-cars for their new drivers, the publication said.  “Just because you're looking for a used car for your teen […] [Read More]