If you’re waiting for used-car prices to come down any time soon, don’t hold your breath. Given market dynamics — like reduced vehicle availability, competition in the auction lanes and consumers still buying cars but keeping their current rides — J.D. Power Valuation Services director of market intelligence David Paris says … [Read More]

J.D. Power made an assertion that might frustrate service advisors and managers at franchised dealerships. Based on the J.D. Power 2022 U.S. Aftermarket Service Index (ASI) Study, vehicle owners say the ease of doing business with an aftermarket service facility is a key reason they choose them rather than a franchised dealer for some types […] [Read More]

After three months of sequential declines, wholesale vehicle prices edged higher in May and remain well above year-ago levels. The Manheim Used Vehicle Value Index was at [Read More]

According to a report from S&P Global Mobility (previously the auto team at IHS Markit), the average age of light vehicles in operation has climbed for five consecutive years, reaching a record age of 12.2 years as of Jan. 1, 2022. So, perhaps it’s not surprising that the automotive aftermarket continues to demonstrate its market […] [Read More]

According to Experian’s State of the Automotive Finance Market report, Michigan continued to pace the nation during first quarter with 61.5% of new-vehicle financing originated in that state being a lease. Two other states known for heavy leasing activity weren’t far off that mark, as Experian reported last week that … [Read More]

Despite ongoing shortages of precious metals and microchips needed to replenish inventory levels, many automakers continue to invest in marketing. But, in contrast to previous years where incentives, sales events, and financing offers punctuated TV spots and digital banners, this year has seen stronger emphasis on future model launches, lifestyle campaigns and multicultural efforts as […] [Read More]

As AAA reported ahead of Memorial Day weekend that the national average for a gallon of gasoline stood at $4.59 and all 50 states were above $4 per gallon, vehicle shoppers in America are more likely than ever to consider buying a fully electric vehicle. And J.D. Power said new EV entries also are responsible […] [Read More]

Dealership buy-sell activity is abuzz again in 2022, though it is not likely to reach the same staggering, record-setting heights of 2021, according to The Haig Report for the first quarter. The report, which Haig Partners produces based on its own research and through using Automotive News and The Banks Report data, found there were … [Read More]

In a different take on the pre-owned car market, TrueCar is expecting used-car sales will soften this month, and is actually seeing listing prices decline. These would seem to suggest an adjustment in demand. Specifically, the company predicts there will be [Read More]

Look for another 1.6% increase in wholesale vehicle values this month, which would make it the third-strongest May of the last two decades, J.D. Power Valuation services said in an analysis Wednesday. This surge in wholesale prices is part of a rapidly climbing overall used-car market this month, which J.D. Power’s Jonathan Banks says underscores […] [Read More]