The Denver Broncos may have prevailed over the Carolina Panthers to clinch the Vince Lombardi Trophy this weekend, but there were many more competitors vying for viewer attention during Super Bowl 50. And as usual, the competition within the automotive space was particularly potent. Honda’s singing sheep did a fine rendition of Queen’s “Somebody to Love” while […] [Read More]

Bankruptcy filing trends to begin 2016 mimicked the ones observers noticed as last year concluded. The American Bankruptcy Institute reported that total U.S. filings decreased 11 percent year-over-year in January. According to data provided by Epiq Systems, bankruptcy filings totaled 52,522 last month, down from the January 2015 total of 59,092. ABI mentioned consumer filings […] [Read More]

Franchised dealers have increased their used-car sales for six straight years, according to data from NADA cited in Manheim’s 2016 Used Car Market Report. But one caveat shouldn’t come as a surprise: Used margins are slimmer. In fact, the 25 straight quarters (through Q3) of increasing same-store used unit sales for the public dealership groups is […] [Read More]

Vehicles prices at auction fell a bit in January, but depreciation remains low — and analysts expect this trend to continue through the spring and tax season. And price retention is particularly strong in the full-size SUV segment, as gas prices remain unusually low. According to Black Book, the average price of a used-vehicle for […] [Read More]

Mazda Motor Corp. filed a safety defect report with the National Highway Traffic Safety Administration to signify both a recall and a stop-sale of CX-5 vehicles from the 2014 through 2016 model years in both the United States and Canada. OEM officials explained that the fuel filler pipe could rupture during a rear collision and could […] [Read More]

Credit Acceptance Corp. chief executive officer Brett Roberts sees only one scenario where the competition for auto financing originations will diminish. Until that condition ever arrives, Credit Acceptance still is adding contracts to its portfolio at a strong pace having closed 2015 with booking 298,288 vehicle installment contracts. That figure represented 33.2 percent jump year-over-year. […] [Read More]

Online retailer Carvana now has more capacity to secure inventory for the company's unique vehicle vending machines. Ally Financial on Monday extended its financing relationship with Carvana, increasing the retailer’s floor plan credit line from $60 million to $125 million. Executives calculated the increase represents financing for approximately 7,100 vehicles, up from 3,400 vehicles. The companies […] [Read More]

GrooveCar’s vehicle buying resource for credit unions recently launched its new website. Officials highlighted The Everything Automotive platform has a brand new look combined with valuable features to improve the member experience throughout the shopping process. New features incorporated into the redesigned site are: — A search tool displaying vehicle choices from all angles — […] [Read More]

You know those young people that don’t just have great ideas — they act on them? Or how about those up-and-coming industry stars that aren’t afraid of disruption, but rather, invite it? And everyone knows at least one entrepreneur that doesn’t just dream up a solution to a problem, they bring the solution to market, […] [Read More]

The past four years of wholesale prices have been the most stable since the 1995 launch of the Manheim Used Vehicle Value Index, according to the company’s 2016 Used Car Market Report released Monday morning. But can we expect that stability to continue? Well, there will likely be compression in wholesale prices this year. “But […] [Read More]