Customers now have the option to lease certified pre-owned Honda and Acura vehicles, American Honda Motor Co. announced Thursday. The leasing option is the latest addition to the automaker’s CPO program, which recently expanded to allow vehicles from ages 6 to 10 through the respective HondaTrue Used and Acura Precision Used Programs. Eligible models include ... [Read More]

We continue our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from Used Car Week 2023. This episode features a conversation with Steve Greenfield of Automotive Ventures and the industry personality all over social media who is known as CarDealershipGuy. Listen to the episode in the window below. [Read More]

It’s that time of year again to reflect on the past 12 months. As we navigate from one crisis to another, one reality shines through: We are one resilient industry. I mean come on, what else can they throw at us? Oh, yeah: 2024 is an election year! The used-car market is definitely showing signs […] [Read More]

Dealership service departments are not only losing market share to general repair shops — they’re also losing the trust of consumers, according to the latest research by Cox Automotive. Cox’s new study, “Under the Hood: Opportunities and Challenges in the Service Industry,” found that while franchised dealerships are still vehicle owners’ top choice among service […] [Read More]

Auto dealers have issued a vote of no confidence to the current U.S. economy. The Cox Automotive Dealer Sentiment Index for the fourth quarter of 2023 showed a sharp drop from Q3, which Cox analysts attributed to the ongoing adverse effects of high interest rates and a weakening economy on the automotive market, the two […] [Read More]

A topsy-turvy ride at the county fair or an amusement park might be fun, but when it comes to used-vehicle prices, such ups and downs can wreak havoc for dealers, auctions, remarketers, forecasters and more. Good thing for the auto industry is that signs point to “less of a roller coaster in the new year,” […] [Read More]

Colin Tran of Trust Science is back for another episode of the Auto Remarketing Podcast, talking this time from the Used Car Week conferences in Scottsdale, Ariz. Tran discusses how lenders and dealers can find opportunities in today’s volatile market, the differences between subprime consumers and the rest of the economy, and his rapid rise […] [Read More]

When it comes to reputation among consumers, Mazda and Subaru are at the top of the heap, according to Cars Commerce’s latest research. The Cars.com Experience Report measured the reputation of the major automotive brands based on analysis of consumer reviews about dealerships nationwide on Cars Commerce’s Cars.com marketplace. Cars Commerce said the Experience Report’s […] [Read More]

Average prices on 1- to 5-year-old vehicles in October were down 5.1% year-over-year, according to analysis from iSeeCars.com. Moreover, the latest CARFAX Used Car Price Index shows that those declines continued “across the board” in November. But the price drops for used electric vehicles (and to a lesser extent, hybrids) have been far more extensive, […] [Read More]

GoodCar, a provider of comprehensive vehicle data and history reports, has introduced its Residual Values tool, which it called “a timely solution for car lessees amid the soaring prices of used vehicles.” The new tool is designed to give consumers a quick and accurate estimate of their vehicle’s equity. Users can access the current residual […] [Read More]