While Cox Automotive’s measure of wholesale vehicle values is still at an all-time high, the rate of week-over-week increases has slowed in the first half of June. And values may have reached an apex. That’s according to the mid-month reading of the Manheim Used Vehicle Value Index, which came in at 203.6. That is up […] [Read More]

Used vehicles moved off dealer lots in May four days quicker than they did in January and with price tags that were more than $3,000 higher. That’s according to the latest monthly analysis from iSeeCars.com, which, among other metrics, measures how fast used cars sell, average prices, the specific models that move the quickest and the fastest-selling […] [Read More]

EDITOR'S NOTE: This is a preview excerpt, available only to CMG Premium members, from the July issue of Auto Remarketing, which will provide a “Mid-Year Report” on various segments of the industry. In addition to the piece below on used-car prices, the magazine will also provide updates on the retail sales, finance, repossession/collections and buy-here, pay-here segments […] [Read More]

A little inside baseball for a moment, if you don’t mind. At Cherokee Media Group, we’ve got two reports coming up that essentially serve as mid-year retrospectives, albeit in two different forms. One is the July issue of Auto Remarketing, which will provide a “Mid-Year Report” on the retail, wholesale, finance, repossession/collections and buy-here, pay-here […] [Read More]

If you feel like you’ve aged a bit after the pandemic, you’re not the only one. The vehicle population is getting older, too. [Read More]

Fitch Ratings spotted more ramifications associated with dealerships in connection with the inventory pinch of both new and used vehicles. With rising sales and soft volume at auction and OEM factories, Fitch Ratings said on Monday that accelerated dealer auto inventory turnover has resulted in insufficient collateral available for dealer floorplan (DFP) asset-backed securities (ABS) […] [Read More]

Need car, will travel. That’s been the mindset for many recent and prospective car buyers, who have gone or are willing to go the extra mile (or dozens of miles) to find that vehicle, amid shortages in both new and used cars. According to survey data from Cars.com, 9.8% of recent car buyers went to […] [Read More]

For decades, auto dealers have been constantly reinventing their advertising strategies to one-up their local competitors and entice car shoppers into their showroom. These ads have traditionally had a distinct, up-beat tone broadcast over radio and television channels, along with full-page ads in the Saturday newspaper promoting exciting deals on new and used cars and […] [Read More]

In recent years, an impending wave of off-lease supply was among the top stories in automotive. Not so much this year. According to the latest quarterly report from RVI Analytics, there was a 1.8% year-over-year drop in off-lease volume during April, and further softening is expected. “Given the low supply of new vehicles as a […] [Read More]

Swapalease.com shared more evidence that the auto-finance market appears to be stable. On Wednesday, site officials reported vehicle lease credit applicants on Swapalease.com registered a 69.9% approval rate in May. While the approval rate marked a small decrease from the 70.7% approval rate in April, it’s also higher than the same month last year when […] [Read More]