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]

AutoGravity has added another finance company to its online auto financing platform. Thanks to the partnership with Global Lending Services announced Tuesday, AutoGravity will have another lending option to offer its customers. Global Lending Services, meanwhile, will be able to utilize the AutoGravity platform to reach more potential customers digitally. “Every month, over 100,000 new […] [Read More]

The brighter the car color, the brighter its future retention. According to an iSeeCars.com analysis of 2.1 million used vehicles, yellow vehicles depreciated an average of just 27 percent in value after three years, and orange cars depreciated 30.6 percent. These school bus-inspired colors led the class, as they had the lowest depreciation rates among the […] [Read More]

Columbus Day Weekend car shopping activity was down this year, according to new data from Cox Automotive brands Dealer.com and Dealertrack. “Normally we see an increase in shopping behavior on holiday weekends, but on Columbus Day we saw a decrease,” Cox Automotive product analytics senior director James Grace said in a phone interview with Auto […] [Read More]

Online car leasing marketplace Honcker closed a seed financing round of $3.6 million on Thursday, and said it will now provide delivery to customers in eight states. Honcker plans to use the round, which was led by Evolution Corporate Advisors, to grow its dealership network, geographic footprint and customer base. Additionally, Honcker will use the […] [Read More]

While the alternative fuel segment has remained the leading category in shopper interest growth since January, consumers are also showing increased interest in full-size luxury sedans, according to the latest monthly share of shopper interest data from Jumpstart Automotive Media. The report reveals that shopper interest in full-size luxury sedans grew a notable 15 percent […] [Read More]