The percent of people coming in with trade-ins is down from its peak level, says Edmunds.com senior analyst Jessica Caldwell, but this might actually be a good sign. In a conference call to discuss May auto sales, Caldwell said this trend likely points to “people adding to their fleets rather than just replacing.” The average […] [Read More]

These days, certified pre-owned vehicles can command a wide spectrum of premiums, depending on the specific model-year, brand and other factors. That’s according to NADA CPO value data included in the latest NADA Perspective report, which highlighted the mainstream and luxury brands generating the strongest values on their CPO models. NADA gathered data from automakers […] [Read More]

Incentives were on the way up last month, as average transaction prices were reported to have fallen slightly from April. According to TrueCar.com data, the average incentive spending for light vehicles in May was $2,677, up $17 (0.7 percent) from May 2013 and up $91 (3.5 percent) from April. TrueCar estimated the ratio of incentive […] [Read More]

For the second quarter in a row, quarterly repossession for finance companies — lenders that often cater to subprime buyers — jumped by around 70 percent year-over-year. The latest State of the Automotive Finance Market report from Experian Automotive indicated that first-quarter repossessions for finance companies climbed 69.1 percent year-over-year to 3.01 percent of their […] [Read More]

Auto Remarketing is launching a new series called Executive Snapshots in which an automotive executive shares some brief thoughts on how he or she sees the industry, some challenges and solutions and how their company is adapting to these opportunities. In our debut Executive Snapshot feature — which can be found in the June 1 […] [Read More]

If certified pre-owned Honda Civics or Ford Escapes turn quickly at your dealership, here’s more good news. Those units were the top two new models attached to a lease in the first quarter. During a span in which leasing hit record levels, Experian Automotive found that the Civic and the Escape led the way in […] [Read More]

In addition to forecasting a stronger used-car SAAR for May, Edmunds.com pointed out some other positive signs for the used market — or at least, for future supply of pre-owned vehicles — that have occurred this spring. The company said in a sales forecast released Thursday that year-to-date lease penetration through April was at an […] [Read More]

ADESA announced another upgrade to its online vehicle remarketing platform, ADESA.com, on Wednesday. With the enhancement, registered dealers are able to pinpoint the amount of credit they have available from Automotive Finance Corp. as soon as they log in and prior to making any bids. The new online offering is available on ADESA DealerBlock, a […] [Read More]

As their used-car operations churn out stronger numbers, both franchised and independent dealers have been more willing to shell out extra money for the cars their customers bring to the lots, according to CNW Research. In fact, when considering all 16 vehicle segments included in CNW’s data set, franchised dealers offered a weighted average of […] [Read More]

Based on the first half of the month, May’s used-vehicle sales volume will likely approach 4.5 million units and beat year-ago figures by 1.5 percent, according to CNW Research. The firm said in its latest Retail Automotive Summary that it is forecasting 4.46 million used sales this month when accounting for the results of franchised […] [Read More]