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Compared to July 2018, Canadian median used-vehicle prices have risen by 6.8%. Asian-manufactured used vehicles, at 10.3%, showed the largest year-over-year price increase. And the Ford F-150 was the most commonly searched vehicle on autoTRADER.ca from late June to late July. Those are just some of the findings from the July autoTRADER.ca Price Index. The index, […] [Read More]

Cox Automotive explained why its July wholesale price data makes for a challenging comparison to what analysts reported a year ago. In its latest update, the company said wholesale used-vehicle prices (on a mix-, mileage- and seasonally adjusted basis) increased 0.01% month-over-month in July. This movement brought the Manheim Used Vehicle Value Index to 140.5, representing […] [Read More]

Buy-here, pay-here dealerships might see their potential buyer base grow as summer rolls along, stemming from the jump in bankruptcies filed in July. According to data provided by Epiq Systems, the American Bankruptcy Institute (ABI) reported this week that total U.S. bankruptcy filings increased 3% year-over-year in July. Total filings came in at 64,283, up from […] [Read More]

The overall used-vehicle sales market was a bit slower in July, but the seasonally adjusted annualized rate is still tracking towards 40 million, and dealers are enjoying strong used-car operations. Not to mention, the used retail SAAR was up from June and year-ago figures, and the public dealer groups are showing strength in used-car sales. […] [Read More]

With this past week marking roughly about a third of summertime unofficially remaining, the juncture also represented a span when values for both cars and trucks softened at greater rates than earlier in the season, according to the newest Black Book Market Insights report. Based on volume-weighted information, analysts discovered overall car segment values decreased […] [Read More]

As an evaluation firm articulated the top seven steps to follow within a software development life cycle, a provider of cloud-based software solutions for all financial institutions announced the results of its latest survey focused on the need for artificial intelligence (AI) in auto financing. Inovatec Systems Corp. released its study findings this week that […] [Read More]

Typically, the most risk in auto loan asset-backed securities (ABS) resides in the subprime space stemming from the lower credit tiers connected to that paper. Well, S&P Global Ratings is seeing risk grow within prime ABS, too. Because finance companies are addressing consumers’ shifting preference for larger, more expensive vehicles by extending contract terms up to […] [Read More]

At the highest level, Black Book’s Used Vehicle Retention Index remained steady in July compared to June, as analysts pegged the latest reading at 115. However, looking deeper into the data, Black Book uncovered some notable value movements, mentioning four vehicle segments in particular. Analysts noticed values of compact crossovers (up 0.82%) and sporty cars […] [Read More]

Used-vehicle sales are likely to reach 39.0 million for full-year 2019, still a healthy tally, but it would be down 1.1% from last year. That’s according to Oliver Strauss, who is chief economist for the ALG subsidary at TrueCar. There were 39.43 million used-car sales last year, he said. “Overall demand for vehicles has gone […] [Read More]

Perhaps it’s just happenstance that Edmunds spotted the average interest rate for new-vehicle financing softening to its lowest level of the year in the same timeframe as the Federal Reserve making its first interest-rate cut in 11 years. Edmunds reported on Thursday that the average APR on new models financed during July declined for the […] [Read More]