TransUnion’s quarterly analysis of Canadian credit trends showed that the average consumer’s total debt — excluding mortgages — increased at its greatest rate in nearly two years, sparked in part by a climb in auto loan commitments. The overall average jumped 4.6 percent during the third quarter to $26,768. TransUnion determined Canada experienced both its […] [Read More]

Even with a substantial interruption from Hurricane Sandy, used retail sales still climbed more than 4 percent year-over-year in October, according to CNW Research. And when only considering sales from dealers — taking private-party numbers out of the equation — the upswing is much higher. In fact, CNW found that franchised dealers and independent dealers […] [Read More]

The trend continues. Luxury units remained hard to find this past month, especially certified pre-owned units, according to AutoTrader.com. October’s installment of vehicle scarcity data that is provided monthly to Auto Remarketing by AutoTrader.com, showed nine out of the top 10 nationally scarce CPO models are in the luxury segment. This has been the trend […] [Read More]

Though Hurricane Sandy has reduced the expected SAAR for new-vehicle sales, according to  NADA Used Car Guide’s latest Guidelines report, consumer demand for new rides continued to grow last month. In fact, total light vehicles sales in October increased by 7 percent on an annual basis to reach 1.09 million units. “This brought the year-to-date […] [Read More]

Used-car pricing trends, residual values, the salvage auction market, consignment activity. Government regulation and compliance, emerging technologies, the forwarding model, collections and skip-tracing. These are just some of the topics of discussion on tap for Day 3 of Used Car Week as both the National Remarketing Conference and Re3 event kick off. With NRC and […] [Read More]

After revealing earlier this week that Kia Motor Co. and Scion have both partnered with Cars.com to promote their certified pre‐owned vehicles, the site revealed the results of a study that shows CPO vehicles continue to gain interest among car shoppers. The study results — taken from a survey of nearly 900 online car shoppers […] [Read More]

Verification is more important than skip-tracing. Yes I said it, and I know that many of you may be shocked to discover that I could actually hold anything in higher regard than my much-esteemed art of skip-tracing. But let’s take a broader view of the landscape — many, many miles of landscape. An average nationwide […] [Read More]

For the first time in the 64-year history of the award, a vehicle not powered by an internal combustion engine has been selected as the Motor Trend Car of the Year. This year’s winner is the 2013 Tesla Model S. Publication officials said the decision came after a diverse group of 25 contenders (45 with […] [Read More]

Never has there been a quarter as strong for the certified pre-owned market as the most recent one. CPO sales are on track to reach a best-ever year for the second straight time, a feat that could be realized well before December is done. It certainly appears that the certified market is at its best […] [Read More]

While data from Equifax showed the total amount of debt consumers absorbed in the third quarter dipped year-over-year, borrowing to make a vehicle purchase gained steam during the time span. Equifax indicated that across the country, auto bank and auto finance debt rose 7.1 percent during the third quarter compared with the same year ago. […] [Read More]