Toyota and Mercedes-Benz have earned top mainstream and luxury brand honors, respectively, in the second annual ALG Pre-Owned Values Awards. The awards, announced Monday, recognize the 2-year-old vehicles expected to retain the most value over the next three years, ALG said in a news release. In addition to the overall brand winners, the POVA’s recognize […] [Read More]

The elimination of federal tax incentives would mean a fender-bender, if not a more serious “crash,” in the electric vehicle market, according to a report released Friday by Edmunds. And there certainly are some implications for the pre-owned side of the EV market. Would a lack of a tax credit on the new EV side indirectly […] [Read More]

Cox Automotive announced that on Monday, the company will launch Flash Forum, a new complimentary educational webinar series created to instruct dealers on how to improve results and successfully grow their wholesale and retail operations. Cox Automotive’s client education services team and subject-matter experts from the company’s various brands will host the 30-minute webinars. The […] [Read More]

Following the first-quarter, the growing demand for light trucks over cars will continue to be noticeable, but this will likely be more of a quandary for creditors rather than dealers, says National Automobile Dealers Association chief economist Steven Szakaly. “The falloff in those sedan prices and then the returns of those leases are much more […] [Read More]

There remains a “fair gap” and “a good amount of play between” the typical retail price between a new vehicle and a used or even a certified pre-owned model. However, Kelley Blue Book senior analyst Alec Gutierrez is seeing trends that are putting pressure on his current assertions. Gutierrez mentioned during a call with the […] [Read More]

Analysts who compiled White Clarke Group’s United Kingdom Asset & Auto Finance Survey 2017 say that the U.K. finance market has been resilient in the face of historic changes in the past year, but challenges will remain in 2017 and beyond. The firm noted its survey points to a series of key factors that will […] [Read More]

The American Financial Services Association, along with two other industry organizations, recently delivered an amicus brief involving a crucial debt collection case in front of the Supreme Court. As AFSA highlighted through its Newsbriefs, the U.S. Chamber of Commerce and the Financial Services Roundtable joined AFSA in arguing their points in a case where the […] [Read More]

Over recent years, car shoppers’ increased attraction to research vehicles via a mobile device represented a noticeable shift within the industry, says Libby Murad-Patel, who is marketing and strategic insights vice president at Jumpstart Automotive Media. In March, Murad-Patel and her team released Jumpstart’s Insights Book; A Collection of Consumer Insights Illustrating Today’s Auto Shopping Paths — […] [Read More]

The car brands whose dealers currently deliver the highest-rated customer experience are Lexus, Kia, Chevrolet and Toyota, according to the findings of customer research and consulting firm Temkin Group’s seventh annual Temkin Experience Ratings report, which evaluates 331 companies across 20 industries. Temkin surveyed 10,000 U.S. consumers and evaluated their recent experiences with companies across the […] [Read More]

They may be known for cargo capacity, roominess and hauling capability, but sport utility vehicles apparently have another perk dealers can highlight: they're long-lasting.  A new study by auto research firm iSeeCars.com looked at the models where the percent of units at or above 200,000 miles is the highest.  Of the 14 models found to have at least […] [Read More]