When a car shopper had a hybrid or electric vehicle trade-in last year, it would be put toward buying another hybrid or EV 38.5 percent of the time, says Edmunds.com. This year, just 27.5 percent are going toward another hybrid/EV. But perhaps what’s more head-scratching is this: Hybrid/EV trade-ins are more likely to go toward […] [Read More]

NADA Used Car Guide gave SubPrime Auto Finance News an exclusive look at its latest white paper that examines a new way of financing in light of lengthening terms and deeper negative equity positions. During a conversation on Monday, executive analyst Jonathan Banks explained what NADA UCG found in terms of how much negative equity […] [Read More]

GWC Warranty recently hired Tom Blackwell as its new area vice president of training. The company highlighted that Blackwell will lead the development and implementation of innovative training programs for GWC Dealer Consultants, providing them with the tools and resources to further improve the customer service the GWC sales team already provides. In doing so, […] [Read More]

With so much buzz lately on used lease options, consumers naturally want to know if their monthly payments on a used vehicle will be significantly lower than for a new one. To give consumers a glimpse into deals that are out there, Swapalease.com recently compared new versus used monthly lease payments on two popular GMC trucks.  The […] [Read More]

Sheehy Auto Stores' 19th annual Sheehy 7000 sales event to benefit the American Heart Association will start Friday and run to July 5. "We are proud to once again partner with the American Heart Association through fundraising efforts and events to make a difference in the communities we service,” Vince Sheehy, president, said in a […] [Read More]

Cox Automotive Canada and its Manheim Edmonton, vAuto, VinSolutions, Xtime, DealerTrack and NextGear Capital business units have pledged their support to the wildfire-ravaged community of Fort McMurray, Alberta, in the form of a $30,000 donation to the Canadian Red Cross.   “Like all Canadians, we have seen the devastating images from Fort McMurray. We know […] [Read More]

The impact from the upswing in off-lease volume isn’t likely to be nearly as dramatic as some have feared, says a report released Friday by Scotiabank. And 2016 has started off with strong demand in both the new- and used-car markets. A summary of the Scotiabank Global Auto Report said there has been a 3-percent […] [Read More]

Edmunds.com is partnering with several top car brands to promote the benefits of certified pre-owned vehicles as part of CPO Month in May. The effort, which includes backing from title sponsors Toyota and Lexus along with Mercedes-Benz and Volvo, is happening during a time when shoppers are becoming increasingly aware of the benefits of CPOs. […] [Read More]

Joe Lamphier, vice president of sales and marketing for Crown Automotive Group, said he will be participating in Cut for a Cure to benefit the National Pediatric Cancer Foundation. Cut for a Cure is the National Pediatric Cancer Foundation’s annual campaign to raise money and awareness for pediatric cancer. Individuals who participate in the campaign […] [Read More]

While Black Book noticed that the 12-month annual depreciation shows the gap between cars and trucks is narrowing, the Manheim Used Vehicle Value Index made a slight upward turn in April after starting the year with three consecutive monthly declines.  Manheim determined that wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) […] [Read More]