Better than four out of five drivers are willing to consider getting a used-vehicle lease that was 3 years old, according to a study released by Swapalease.com. Specifically, Swapalease conducted an online survey of 2,500 drives in November and found that 82 percent are willing to at least mull over this option. Granted, there was […] [Read More]

When shoppers get sick of their old vehicles, will they stay loyal to a tried and true ride, or will it be time to give another brand a shot? A new Experian automotive study highlighted in a recent blog post focused on just that: the loyalty behavior of shoppers who got rid of their previous […] [Read More]

The fact that lease penetration rates have pushed towards the 30-percent range in recent months is “one of the key drivers” to such strong new-car sales, Kelley Blue Book senior analyst Alec Gutierrez said in a conference call with the media on Monday. But what are consequences of such sky-high leasing rates, coupled with the […] [Read More]

Primeritus Financial Services employees worked hard campaigning for their favorite charities throughout 2014. The company’s personnel supported organizations such as the American Red Cross, the American Diabetes Association and A Special Wish Foundation. “Our employees held a highly successful Red Cross Blood Drive and a walk to raise money and awareness for the American Diabetes […] [Read More]

Thanks in part to surging sales of 1- to 5-year-old vehicles — right in the wheelhouse of many certified pre-owned programs — the total value of all used cars sold industry-wide last month climbed more than 16 percent year-over-year and reached a whopping sum of $35.8 billion, according to CNW Research. The firm said in an […] [Read More]

Throughout most of 2014, trucks remained popular, but perhaps most notably, showed significantly stronger price retention than their smaller counterparts. And the story was no different during the last month of the year. The midsize pickups trucks, in particular, saw prices hold the strongest this past month out of all vehicle segments, according to Kelly Blue […] [Read More]

CarGurus recently released the list of the used vehicles that were the most popular with shoppers on its website. The top 10 list, based on the number of unique shoppers inquiring to dealer and private seller listings, ranked the results by models that had been searched for between Jan. 1, 2014 and the end of the […] [Read More]

The December 2014 issue of the NADA Used Car Guide's Perspective featured part-two of its retention review, this time focusing on the value retention of several mainstream models, all of which were either all-new or heavily revised for the 2014 model year (see part one of the review, for luxury vehicles, here). In the Retention Review, […] [Read More]

2014 was rife with reward and loss. From the passing of one of our nation’s finest actors to the world’s largest and most-viewed sports competition, Google trend data for our most recently eclipsed year sheds light on what our information-craving nation was most interested in, while a seemingly infinite wealth of human knowledge is available literally […] [Read More]

There will likely be a 10-percent increase in used vehicles ages 5 years old and newer in 2015 — and then expect continued growth for years to come. That’s according to forecasting data released in mid-December by TrueCar, which projects a normalization in used inventory this coming year. That should come as welcome news for many […] [Read More]