It may arguably be the most expensive place to rent an apartment, catch a play or enjoy a steak, but when it comes to having the best deals on used cars, the Big Apple might as well be the Big Steal. According to iSeeCars, New York City tops the list of cities when it comes […] [Read More]

A Halloween party and costume event that brought out witches, ghosts, vampires  and other costumers, the second annual MetroGistics Monster Mash fundraiser earlier this month raised more than $19,000 for three charities: Humane Society of Monroe County, Ill., Humane Society of St. Clair County, Mich., and Project VIP (Very Important Pets). MetroGistics, a full-service transportation […] [Read More]

General Motors increased its lease penetration by more than 5 percentage points in the third quarter, becoming slightly closer to its industry peers than it was a year ago. In a chart set providing details on the automaker’s Q3 performance, GM said its lease penetration in the U.S. was at 21.3 percent in the third […] [Read More]

With today being Halloween, Jonathan Banks warned about being tricked by the data being generated by the industry recently. The executive automotive analyst from NADA Used Car Guide explained his points during a recent online video post after the firm released its latest issue of Guidelines. “When taken at face value, that statistics for both […] [Read More]

Paul Potratz has attended a host of auto industry conferences in Las Vegas. But during his most recent visit to Sin City, the chief operating officer and founder of Potratz Partners Advertising said he learned about something that’s missing from most organizations, especially dealerships. In his latest video in the online series, “Think Tank Tuesday,” […] [Read More]

Slightly more than half of the nearly 248 million vehicles on U.S. roads during the second quarter came from the 2000 through 2008 model years, according to Experian Automotive. This was just one of several interesting used-car tidbits tweeted by Experian during its Automotive Market Trends and Registrations webinar chat on Tuesday afternoon. The aforementioned […] [Read More]

While noticing a surge in interest for retiring Volvo, BMW models, Dataium reported a softening in its monthly Automotive Shopper Intensity (ASI) Index for September. Analysts pegged the ASI Index drop-off at 9.87 percent compared to the previous month. Dataium predicted the new-model retail SAAR for October would come in at 12.9 million units. The […] [Read More]

Swapalease.com recently learned the latest year-to-date credit approval average came in slightly lower in September than in August. Site officials said September’s reading settled at 72.7 percent, down slightly from a 74.5-percent approvals rate year-to-date in August. The average year-to-date approvals rate considered to be healthy is 70 percent, according to the company. Swapalease highlighted […] [Read More]

Digital Recognition Network indicated that its license-plate recognition solution determined that more than 55 percent of the assets the company finds are more than 100 miles away from where previous documentation said the vehicle should have been. Chief executive officer Chris Metaxas explained how finance companies can use that information not only as a tool […] [Read More]

Used-vehicle prices this month stayed at relatively the same spot they were during their low point in June, according to Cars.com, which said the used model with the most significant price movement in October — up or down — was the Nissan Quest. The minivan’s prices on Oct. 1 was down 3.6 percent from the […] [Read More]