Auto delinquencies rose slightly in the second quarter because there’s more paper on the streets nowadays, but TransUnion analysts don’t think the trends are necessarily bad for the industry. According to TransUnion's Industry Insights Report released on Tuesday, the auto loan delinquency rate — the ratio of borrowers 60 days or more delinquent on their […] [Read More]

Used-car sales fell for the third straight month, but the mood among many dealers still seems to be a positive one, according to Tom Webb, who addressed the used retail market as part of his analysis surrounding the monthly Manheim Used Vehicle Index. Webb, chief economist at Manheim, points to CNW Research data indicating that […] [Read More]

The outlook for potential certified pre-owned inventory that dealers will need in 24 to 36 months just keeps getting more favorable. The latest: Experian Automotive determined the percentage of new vehicles moved by franchised dealers and connected to a lease hit a new record during the second quarter. According to its latest State of the […] [Read More]

Though August incentives were down from July levels, allowances sit far above rates seen last year. But industry analysts assure dealers that incentive spending levels pose no threat to the business yet. Kelley Blue Book analysts reported high incentives are not causing damage to used values back in mid-August. And after reporting a 9.3-percent year-over-year incentive […] [Read More]

Lease marketplace Swapalease.com suggested American dealers look north when considering how to improve their leasing services. With Canada’s historically high leasing rates, Swapalease — which works with customers in both countries — noted some interesting differences in how lease programs are structures, including transfer of ownership, and contends it would serve U.S. dealers well to take […] [Read More]

As Auto Remarketing investigated an area where the impact of recalls might be more pronounced for its special National Auto Auction Association Convention issue, both Fitch Ratings and NADA Used Car Guide released analyses on Tuesday stating that the effects from the record-setting year of campaigns might be muted. First when considering vehicles included in rental […] [Read More]

Though many dealers are preparing for new models to hit the lot, manufacturers, interestingly enough, didn’t turn to heavy incentives to push new sales this past month. Although automakers and dealers were most likely pulling out all the stops for Labor Day sales, incentive spending in August was projected to be down 6.2 percent, or $179, from […] [Read More]

Preferred Warranties Inc. announced today the hiring of Thomas Wooditch, who joins the company to take on the role of director of training and development. Brian Cosgrove, the vice president of marketing and sales at Preferred Warranties, says Wooditch will bring a new level of service to his company’s roster. “Tom’s expertise will be a […] [Read More]

Consolidated Asset Recovery Systems (CARS) — which will present the winner of this year’s Re3 Executive of the Year at Used Car Week — has been recognized for the third year in a row as one of the 5,000 fastest growing private companies, according to INC Magazine. CARS’ listing among this group of companies indicated […] [Read More]

The turn rates for dealers on their used cars have been steady with year-ago figures, according to Edmunds.com, which also explained the recent changes in the pre-owned supply-to-demand ratio and how they have impacted turn times. Edmunds said in its Q2 Used Vehicle Market Report that days-to-turn on used cars during the second quarter was at 37, […] [Read More]