Experian Automotive said Thursday it has launched a new report called the Vehicle Lease Maturity Report that aims to provide detailed information about late-model used cars coming off lease. And there will be quite a few of those this year — 3.1 million, to be precise, Experian predicts. The new report will provide industry professionals […] [Read More]

Last year was the best ever for franchised dealers’ used-car operations, and the pre-owned industry as a whole had its strongest year since 2007, according to a report from Edmunds.com. And the linchpin to these and other trends in the rapidly rising used-car market? Leasing, says Jessica Caldwell, the director of industry analysis at Edmunds.com. The […] [Read More]

If you’re a dealer, protecting your customers is about more than protecting your business; it’s about contributing to the overall wellbeing of your community. So with issues on a large scale as huge as the potential risks caused by Takata’s airbag inflator ruptures, the more you know, the more you can potentially protect yourself, your […] [Read More]

As voters are driving out to participate in primaries and caucuses, do you ever wonder what they’re driving? The folks at BestRide, a car-shopping website, and CarTalk, a nationally syndicated radio program, have done the legwork for you — and some of the results from the more than 10,000 respondents they polled may surprise you. […] [Read More]

St. Louis. Austin. New Orleans. Memphis. Nashville. Those might be pushpins on a barbecue- and gumbo-stained road map to music’s meccas, but they're also a sampling of cities where consumers are having the best experiences shopping for a car at the dealership.  CarGurus recently released a study ranking the top 10 cities with the most satisfied car shoppers, based on […] [Read More]

The year began with lease credit approvals down, but levels are rising slowly from December lows. That's according to trends Swapalease.com spotted on its own site, as the company said car lease credit approvals started the year off lower than trends showed during the last two quarters of 2015. But January’s performance definitely showed an improvement from the December […] [Read More]

Organizers for this year’s North American Repossessors Summit (NARS), an industry event hosted by American Recovery Association and Harding Brooks Insurance, recently announced that all exhibitor spots for its eighth annual event are sold. The organizations indicated the high interest of exhibitors combined with record-high numbers of early bird registrants is setting up NARS 2016 […] [Read More]

While the activity might remain stable once the vehicle enters the wholesale market, Manheim expects repossession volume to climb “modestly” this year based on one simple reason. There are more outstanding vehicle installment contracts in finance company portfolios nowadays. Cox Automotive chief economist Tom Webb insisted “it will take some time” for the industry to […] [Read More]

The Northwood University/Cox Automotive Interactive Dealer Summit is coming up Thursday at the university’s campus in Midland, Mich.  The event designed for networking and to spark important discussion surrounding marketing and retailing trends in the industry. It’s scheduled for from 8:30 a.m. (ET) to 5 p.m. on Thursday in the university’s Griswold Communication Center.  The summit […] [Read More]

There are over 47 million vehicles in the United States that have at least one unrepaired safety recall. That’s according to a recent analysis from Carfax, who pointed out that these 47 million vehicles are being driven, bought and sold, or sitting on a lot somewhere in our country, either because there’s not a fix […] [Read More]