Mobile continues to dominate. That is definitely the case when looking at visits to automotive manufacturer and dealer websites, according to global marketing technology company IgnitionOne. The company released a report showing that more than 50 percent of traffic to automotive manufacturers and dealer websites across 50 countries was attributed to smartphones in 2018. Site […] [Read More]

iSeeCars.com recently released a study showing which vehicles were more economical to buy new over used. The Honda HR-V crossover vehicle took the top spot in that list.  But iSeeCars.com has now released study which explores the other side of the coin: Which vehicles are best to buy used over new? The new study shows […] [Read More]

Residual values for used cars rose by an average of 3 percent in 2018. The growth in value represents a remarkable turn of events from 2017 when there was significant pessimism about the state of the used-car market. The negative sentiment a year ago was driven by concerns that a glut of used vehicles coming back […] [Read More]

Dealers probably know this sequence all too well. A walkaround and test drive of a vehicle both went well, and the financing process advanced to the point where the potential buyer sees what the monthly payment could be. Then customers recoil, become frustrated and perhaps even leave the showroom, turning into a dreaded “be back.” With […] [Read More]

If the months in front of us were an abstract painting, most auto dealers viewing it agree about what they see, with a few exceptions here and there. To discover dealers’ concerns — and optimism — about the used-car business in 2019, I interviewed dealers, used-car consultants and auction executives before and during NADA Show […] [Read More]

KAR Auction Services chief economist Tom Kontos applauded the strategy used by commercial consignors after reviewing January wholesale price information. According to ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices by vehicle model class, wholesale used-vehicle prices in January averaged $10,761, representing a 1.3 percent rise compared to December but a 2.0-percent dip […] [Read More]

TrueCar said Thursday it has obtained a 20-percent stake in vehicle appraisal tech company Accu-Trade. It’s a move TrueCar’s leadership says further positions the company to providing a “end-to-end shopping-to-showroom car-buying experience.” Accu-Trade utilizes Galves Market Data to provide VIN-specific appraisals instantly. It can provide appraisals and valuations for consumers and dealers. “This partnership with Accu-Trade […] [Read More]

Negative equity, when a consumer owes more on an auto loan than the market value of the vehicle, is a growing issue for Canadians, according to a news release announcing the 2019 Canadian Black Book Best Retained Value Awards. Canadian Black Book says the awards illustrate to Canadians which four-year-old vehicles hold their value best, […] [Read More]

In areas such as collective health of a brand, how well the brand manages new-vehicle transaction prices, and incentives against used-vehicle values and remarketing strategies, Subaru and Land Rover continue to perform well. That is at least the case for ALG’s 2019 Canadian Residual Value Awards. For the fifth year in a row, ALG recognized Subaru […] [Read More]

CarGurus announced a pair of promotions on Wednesday involving its top-level executives. First, the company revealed the promotion of Sam Zales to president and chief operating officer, reporting to chief executive officer Langley Steinert. The company also announced that Kyle Lomeli has been promoted to chief technology officer, replacing Oliver Chrzan. Zales, who joined CarGurus […] [Read More]