The tie between certified pre-owned sales and off-lease volumes is two-fold — and perhaps more interrelated than you might think. That was evident when Cox Automotive chief economist Tom Webb explained during a press conference why he is confident CPO sales will break a record for the fifth straight year. “I can confidently predict that because […] [Read More]

Recovery Specialist Insurance Group reminded repossession agents about a crucial part of a Consumer Financial Protection Bureau bulletin, especially if these agents have gone through specialized recovery training during the past two years. RSIG board member Jim Clark focused on whether agencies currently are compliant with the CFPB’s  expectation that the banks and nonbanks conduct […] [Read More]

If the latest analysis from CNW Research is any indicator, the number of cars you see out on the lots may be down a bit, with dealers having pulled back on inventory ahead of chillier months. But don’t expect that to last. “In part due to the anticipated winter selling season, many dealerships reduced inventory going […] [Read More]

Auto Remarketing recently took a look at trends revealed in the recent MTV study, “Millennials Have Drive,” that implies millennials might be more interested in the cars on your lot than you might think. The first portion of the MTV study debunked myths left and right, showing millennials might be far more interested in vehicle purchases […] [Read More]

Credit union lease program CU Xpress Lease announced Thursday it has partnered with Affinity Federal Credit Union. Located in Basking Ridge, N.J., Affinity is New Jersey’s largest credit union and will begin offering automotive leasing to its members in New Jersey, Pennsylvania and New York on March 16. Scott Witherspoon, the senior vice president and […] [Read More]

Even though some automotive analysts worry that millennials simply don’t drive as much as previous generations and put much less emphasis on vehicle purchases, recent studies suggest otherwise. First off, TrueCar projects millennial-generation shoppers will purchase 4.24 million cars and light trucks in 2015, equating to a whopping $135 billion in total revenue. Backing up […] [Read More]

Black, white, or somewhere in-between — according to Swapalease.com, roughly 8 out of 10 of the vehicles in its car lease marketplace fall into that category. The colors, including various grays and silvers, have proliferated in recent years, far outpacing the blues, reds and other colors that used to fill a far larger portion of […] [Read More]

According to the 2015 Manheim Used Car Market Report, total repossessions increased by 8 percent in 2014 to an estimated figure of 1.48 million. In the coming years, Manheim projects that the increases will likely be more substantial, but not necessarily because finance company portfolios will be worth less than the paper on which their […] [Read More]

There is likely to be nearly 3 million used-vehicle sales this month, according to TrueCar, which said in an analysis released Monday that this would be close to a 6-percent gain from January 2014 numbers. Specifically, TrueCar expects there will be a combined 2,921,002 used sales between independent dealers, franchised dealers and private-party transactions in […] [Read More]

As the company launched a new advertising campaign and forged a partnership to benefit independent repair shops, Carfax shared new research that showed more than 46 million vehicles nationwide have at least one safety recall that has never been fixed. In fact, Carfax said 5 million of those units were bought and sold by potentially unsuspecting […] [Read More]