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]

With the NADA Convention & Expo is in full swing this week, AutoTrader.com released new statistics that show car shoppers are looking for a convenient — and short — car-buying experience. Once customers make it onto the lots, a recent white paper from Cox Automotive — parent company to AutoTrader —  shows car buyer satisfaction […] [Read More]

While much of the political discussion around the nation is already buzzing about the 2016 presidential election, the National Automobile Dealers Association has its sights set on a more immediate governmental topic bubbling up in Washington, D.C. The issues and challenges surrounding the Consumer Financial Protection Bureau are at the top of the to-do list […] [Read More]

Even with today's low gas prices, consumers are still often playing it safe with more fuel-efficient rides. Swapalease.com illustrated this assertion by analyzing four of today’s most popular fuel-efficient models against four of the current most popular large trucks/SUVs. Looking at search consideration data from 2013 versus 2014, when gas prices plunged over the course of […] [Read More]

The hand-in-hand relationship between certified pre-owned and off-lease supply has been widely documented and discussed. And for good reasons: a car coming off lease typically fits within the age and mileage requirements of automaker CPO programs, the pipeline to dealer lots makes sense, and it’s a path that tends to benefit both dealer and OEM, […] [Read More]