Movie stars and sun may make southern California a hot spot, but several parts of the state have a different kind of “hot spot” distinction: vehicle theft. According to the National Insurance Crime Bureau’s latest Hot Spots report, California’s Modesto Metropolitan Statistical Area (MSA) had the nation’s highest per capita vehicle theft rate in 2015, […] [Read More]

Receiving immediate support from organizations such as the Consumer Bankers Association and the American Bankers Association, Rep. Jeb Hensarling, the Texas Republican who also is the U.S. House Financial Services Committee chairman, has a plan he described as a way to replace the Dodd-Frank Act and promote economic growth. During a speech to the Economic […] [Read More]

The month of June has kicked off with our team moving full-speed ahead with planning and prep for this year’s Used Car Week, which will be held Nov. 14-18 at the Red Rock Resort in Las Vegas. Each year at Used Car Week, the unique market conditions within the used-car industry drive the content, as […] [Read More]

The web has long been a digital marketing platform for dealers, says Mike Burgiss, the vice president of digital retailing at Cox Automotive. For instance, a dealership listing its inventory on its own website and classifieds sites like Autotrader, Cars.com, etc. And lately, talk has ramped up about the internet being a dealer’s digital transaction platform. […] [Read More]

With rising off-lease vehicle volume being described as a “tailwind,” the April dealer survey conducted by KeyBanc Capital Markets indicated that 71 percent of respondents posted an increase in used-vehicle sales during the month. But not only did the remaining 29 percent of dealers surveyed sustain a drop in used turns, it might have been […] [Read More]

For the fourth consecutive year, members of the KAR Auction Services group of companies — ADESA, AFC, Insurance Auto Auctions and TradeRev — will auction off a premier vehicle during the National Independent Automobile Dealers Association Convention and Expo to benefit the NIADA Foundation. Officials highlighted this year's vehicle is an ivory white 2015 Chrysler 300 […] [Read More]

Hyundai has a new way for customers to take their online shopping experience to a new level, and it’s using a tool many have likely used before. Dealerships in Quebec and Alberta are offering customers a virtual tour of the showroom, service center and even the vehicles themselves by using Street View on Google Maps. […] [Read More]

The average price of a used vehicle for model years 2010 through 2014 depreciated by 0.5 percent month-over-month in May, according to Black Book data. Cars saw slightly higher depreciation during that period at 1.0 percent, while trucks saw a 0.2-percent slide for the month. Subcompact cars saw the largest depreciation in May at 2.4 percent. […] [Read More]

Commercial banks and credit unions typically work with customers in the prime space, but recent analysis shared by Equifax and Moody’s Analytics was geared to give executives and managers with those institutions some evidence in order to consider borrowers who might fall in the non-prime or even subprime tiers. Before going into a series of […] [Read More]

More than 30 percent of new-vehicle retail sales year-to-date have been leases, helping to push numbers for a few automakers, according to Kelley Blue Book senior analyst Alec Gutierrez. And while the short-term risks are marginal, there’s a bit of a slippery slope when leasing levels are this high, Gutierrez said during a conference call […] [Read More]