The Blue Oval’s captive is pleased with how its subsidiary is performing while making inroads to serve consumers who want an alternative to securing a vehicle without the commitment of a retail installment contract or leasing agreement. Executives from Canvas — the Ford Motor Credit subsidiary offering what they believe is a convenient and hassle-free […] [Read More]

On paper, it might not seem like the most auspicious of starts to 2018 for the used-car market. January was the third straight month that wholesale prices declined sequentially, putting the Manheim Used Vehicle Value Index at its lowest reading since July. What’s more, the Cox Automotive report accompanying that index said retail used-car sales […] [Read More]

The chicken wings and guacamole from Super Bowl parties are long gone, but what about dealerships seeing a meaningful lift in shopper activity stemming from the television advertising bought by automakers during the game? If past trends are any indication, the store phones should have been busier than drink and food stations at those Big […] [Read More]

Kelley Blue Book announced Wednesday both brand and category winners of its 5-Year Cost to Own Awards, which recognize Hyundai as the top brand to offer new vehicles with the lowest projected ownership costs. This is the second year that Hyundai has received KBB’s 5-Year Cost to Own brand award. KBB said that the Hyundai […] [Read More]

U.S. News & World Report announced Tuesday that Honda earned more Best Cars for the Money awards than any other automaker this year. The awards recognize vehicles that provide consumers with the best combination of quality and value in 14 different automotive categories. Honda models earned awards in four categories, including the CR-V for best […] [Read More]

As part of continued moves to strengthen its editorial team, Cherokee Media Group has added former Manheim and Cox Automotive chief economist Tom Webb as a guest contributor to its automotive and auto finance publications. Webb retired in summer 2017 after nearly two decades with Manheim/Cox Automtoive. Before he joined Manheim/Cox Automotive in 2000, Webb […] [Read More]

As veteran used-car managers and wholesale price watchers understand, oftentimes luxury units take quite a price tumble during the time the vehicle leaves the factory to when it might end up in a store’s used inventory. It all stems from that critical first year of depreciation. The team at iSeeCars.com generated some fresh data to […] [Read More]

With the first full month of the year in the books, Autotrader on Wednesday named the 10 must-shop certified pre-owned mass market and luxury vehicles for 2018. To make the list, vehicles needed to fit a budget not surpassing $40,000 for the non-luxury cars and $65,000 for luxury models. “This list of ‘good as new’ models […] [Read More]

For this episode, we get back to basics — as in the fundamentals of auto-finance underwriting that include credit, character, capacity and collateral. In light of a changing market impacted by sales trends and technology, Brett Collett, who is strategic automotive consultant for Equifax, shared a conversation with Nick about how these four basics remain vital […] [Read More]

The proliferation of smartphones and potential buyers seeking financing at places nowhere near dealerships are combining to drive more investment into mobile platforms. The latest development came on Wednesday as Santander Consumer USA announced that it will invest and work with AutoFi with the intention to streamline and simplify the vehicle-buying process for consumers, while […] [Read More]