Used-car sales for March likely climbed just under 4 percent year-over-year, according to CNW Research, which also noticed that both used supply and retail prices were falling during the month. In its latest Retail Automotive Summary, CNW predicted March used-car sales of 3.12 million units when combining projected figures from franchised and independent dealers with […] [Read More]

Ally Financial announced this morning that it has begun an initial public offering of shares of its common stock. In its statement, Ally said the shares offered in the IPO will be from the U.S. Department of the Treasury, per Treasury’s planned exit of its investment in the company. The 95 million shares being offered […] [Read More]

While parts of the Northeast are digging out from one last snowstorm of the season, Manheim’s Tom Webb chose to tie together gardening and how the industry is improving. In the March Auto Industry Brief from Manheim Consulting, Webb explained many economic watchers will be looking at how warmer weather will help performance. “Now that […] [Read More]

As Capitol Hill hearings about the recalled units get closer, NADA Used Car Guide indicated wholesale prices for vehicles included in the General Motors ignition switch controversy haven’t moved much beyond industry averages. Analysts told Auto Remarketing on Wednesday that prices for the 2005 through 2007 Chevrolet Cobalt changed little based on data through March […] [Read More]

MarkOne Holdings has chosen an over-20 year veteran of the automotive industry for its leadership team. The automotive finance holding company’s new corporate chief financial officer is Robert Bennett. Bennett will be located in the company’s corporate offices in Jacksonville, Fla., and will work with leadership for MarkOne’s three regional locations in California, Texas and […] [Read More]

Following a few months on the downward tilt, average monthly payments for leases on the road climbed last month, but this increase doesn’t appear to have put a damper on the popularity of leasing, says Swapalease.com. In an analysis released Tuesday, the site indicated that the average monthly lease payment in February for cars on […] [Read More]

Used-vehicle sales this month are likely to be north of 3.4 million, says TrueCar.com, which released its monthly new- and used-car projections on Monday. Specifically, TrueCar is forecasting an estimated 3.437 million used sales for March with a projected new-to-used ratio of 1:2.3. The firm is calling for 1.478 million new-vehicle sales (including fleet sales) […] [Read More]

In a “promising” sign for dealers, about two-thirds of the participants in the latest dealer survey from KeyBanc Capital Markets said their used-vehicle gross profits per unit were up more than $50 year-over-year in February. Only 17 percent saw their used gross profits per unit drop more than $50 per unit, and 17 percent showed […] [Read More]

Last month, NADA Used Car Guide kicked off a two-part series on vehicle value retention in its NADA Perspective report with a close look at passenger car segments. On Friday, NADA UCG followed that up by diving into value retention for light-duty trucks and SUVs. According to its analysis, the truck segment with the strongest […] [Read More]

It is clear that leasing is becoming more and more popular, as many recent reports would suggest, but one finding from Swapalease.com, in particular, could be quite important for the leasing community to consider: many women may not return to leasing when they go to find their next vehicle. Why? To answer the question, Swapalease […] [Read More]