TrueCar’s Automotive Shopper Trends Report (ASTR) — what the company said is a comprehensive look into auto shopper actions and expectations — highlighted the Top 10 most important features in-market shoppers now want. Combining nationwide survey results with data from TrueCar’s platform, the ASTR uncovers insights from the past six months on automotive trends for […] [Read More]

Automotive Finance Corp. is celebrating its 35th anniversary this year by encouraging its branches to complete 35 acts of kindness before the end of 2022. AFC president Jim Money and chief operating officer Will Mitchell join the show to talk about how the AFC team is getting involved in these acts of kindness, how the business […] [Read More]

Wholesale vehicle volumes are expected to decline for the third straight year, with a 7% decline projected for 2022, according to wholesale flow forecasts included in Cox Automotive’s latest Manheim Used Vehicle Value Index presentation. The biggest driver in the declining numbers of cars making their way into wholesale has been the drop-off in lease […] [Read More]

It was a challenging month in the retail used-car market, and the sales slowdown might not be over. Using data from its Dealertrack unit, Cox Automotive estimates that used-car sales at dealerships in September were down 8% month-over-month and fell 10% year-over-year. They were also … [Read More]

It was nearly two-and-a-half years ago and the used-car market was amid the early hard punches of the COVID-19 pandemic. That’s the last time that the Manheim Used Vehicle Value Index showed a year-over-year decrease, according to data from Cox Automotive. While used-car values are still well above where they were in 2020, September marked […] [Read More]

In each month of the third quarter, wholesale used-vehicle prices fell sequentially. That’s according to data and analysis around the latest Black Book Used Vehicle Retention Index, which dropped 4.1% in September, the third straight month-over-month decline. Still, the index, which came in at 176.5 for the month, was … [Read More]

Automotive dealers have pivoted in the wake of inventory shortages due to pent-up demand, chip shortages and other manufacturer shortages. This has skyrocketed the interest for pre-owned vehicles  —giving automotive dealers high incentives to find trade-ins or buy used vehicles at auction to stock their lots for the incoming buyers. It isn’t as simple as […] [Read More]

Chevrolet showed up in the heart of electric vehicle country one Friday in September to show off its Bolt EV and Bolt EUV (electric utility vehicle). The automaker aims to overcome a setback with its entry-level electric vehicle after it had to recall more than 140,000 because of a battery defect. Despite that glitch, General Motors […] [Read More]

Used-car sales are down, prices are up and pre-owned retail inventory continues to expand — slowly but surely. Cox Automotive chief economist Jonathan Smoke, senior economist Charlie Chesbrough and the Industry Insights team drilled down into these trends on the company's Q3 Industry Insights and Forecast Call on Wednesday. The team found that … [Read More]

Tough sledding continues in the used-car retail market. TrueCar is forecasting an 11% year-over-year decline in pre-owned car sales, with 3 million used cars sold. That’s off 4% from August. Granted, the year-over-year drop is … [Read More]