Stemming from what its lead analyst said was conservative lending activity, Experian Automotive determined repossession rates and average charge-off amounts all dropped year-over-year as the fourth quarter closed. The overall repo rate slipped 5.8 percent to 0.63 percent, the lowest level of the past two years. Experian indicated the overall rate stood at 0.67 percent […] [Read More]

The latest Hot Car Report from Kelley Blue Book is what analysts called a “mixed bag” since the new model gaining the most traction on their website isn’t from one of the larger automakers or have a gasoline engine. Posting a week-over-week shopping activity gain of 93.9 percent was the Mitsubishi i, the Japanese OEM’s […] [Read More]

2011 was a banner year for used-vehicle sales and 2012 may produce the same profitable results. While the rest of the economy has struggled, remarketers have thrived. They’ve taken advantage of the undersupply of both new and used vehicles.  Even as the third quarter saw fluctuations in this elevated market, prices were still 3.4-percent higher […] [Read More]

Jaguar revealed Monday it is launching a new global brand direction and marketing campaign, which aims to introduce the British brand to consumers in a “new, modern context.”  Jaguar revealed Monday it is launching a new global brand direction and marketing campaign, which aims to introduce the British brand to consumers in a “new, modern […] [Read More]

Revealed recently, DARCARS Automotive Group has been presented with the Certified Female Friendly Customer of the Year Award for 2011, which celebrates a business that has provided an exceptional environment for female car shoppers.  Tammy Darvish, vice president of DARCARS Automotive, was presented with the award by Paula Lombard, president of WEXCO Industries/AutoTex Pink, and […] [Read More]

Late last week, Dataium released its latest Auto Shopper Intensity index  — a measure of online car-shopping activity designed to project sales 30 to 45 days in advance — and found the brand leading the pack was Nissan, which was joined in joined in the top five ASI rankings by two of its Japanese peers. […] [Read More]

The national gas price average had climbed to nearly $3.65 a gallon late last week, and it is believed that a few more coins at the pump may have a significant impact on used-vehicle prices. AAA’s Daily Fuel Gage Report released early Friday morning had the national average for regular gasoline at $3.647. According to […] [Read More]

With conditions ripe, February has appeared fairly rosy for the new-vehicle market and sales are likely to notch a strong improvement – albeit a single-digit increas — over the year-ago period, according to industry analysts. That said, it’s not quite clear yet how the rest of the 2012 — or the coming years, for that […] [Read More]

Despite sluggish economic conditions in Europe, Hertz Global Holdings established records during 2011 for income, revenue and more as the company recently highlighted its financial performance. Beginning with a look at fourth-quarter numbers, Hertz reported $2.0 billion in worldwide revenues, an increase of 9.7 percent year-over-year or 9.8 percent year-over-year excluding the effects of foreign […] [Read More]

Claiming it is the first Big 3 brand to do so, Jeep announced Thursday that its Facebook fan count has reached 2 million. Eclipsing this summit, Jeep contends it has roughly a 700,000-fan lead on the nearest Big 3 competitor. “On behalf of the entire Jeep brand team, I would like to extend a personal […] [Read More]