Offering more context on just how strong the certified pre-owned sales total has been, Autodata Corp. said in an updated sales report and analysis that last month’s CPO sales total was a January record. And as hot as the new-car market has been — Autodata said it climbed 13.7 percent year-over-year with 1.15 million sales […] [Read More]

After launching a revamped dealer certification program in late January, TrueCar announced this week its dealer network has surpassed the 10,000 mark. This number includes 8,700 U.S. franchised dealers and 1,300 independent dealerships specializing in used vehicles. Company management explained this latest benchmark pushes TrueCar toward its goal of including a third of U.S. dealers […] [Read More]

The first week of February came with more positive price adjustments at auction after prices fell a bit more than usual during the last week of January. Overall, car prices at auction dropped a mere $32 (or .22 percent) this past week, which represents the strongest price retention seen in over a month. That’s according to […] [Read More]

The average vehicle installment contract term Credit Acceptance originated during the fourth quarter ticked up to 48.5 months. The loosening of terms helped the company generate almost 20 percent more contract volume during Q4 as Credit Acceptance’s active dealer network also jumped above 7,200 during the year. Chief executive officer Brett Roberts gave a simple […] [Read More]

Total U.S. bankruptcy filings now are on a streak stretching back more than four years. During each month of the run, filings have declined year-over-year, according to data provided by Epiq Systems to the American Bankruptcy Institute. This year began with January filings decreasing 14 percent, leaving the bankruptcy filings total at 59,037. During the […] [Read More]

CreditMiner, a technology solution that can provide the ability to pre-qualify and pre-screen automotive consumers on Experian, Transunion and Equifax bureau platforms, recently finalized an integration with customer contact management, CRM and dealership software provider ELEAD1ONE. The companies highlighted that now dealers can pre-qualify consumers online or pre-screen in-store to instantly receive a vast array […] [Read More]

January was a great month for some models and not so great for others according to a Cars.com report on used-vehicle pricing increases and decreases. The model with the largest percentage change for the month — based on Cars.com data on used-vehicle listings with model years ranging from 2012 through 2014 — was the Chevrolet Express 1500, a […] [Read More]

The top executive at Group 1 Automotive doesn’t foresee a “dramatic” fall-off in used-car prices, and while there are certainly downward pressures on values, Earl Hesterberg pointed out a few mitigating factors at play when he addressed questions during the company’s quarterly conference call. In the Q&A portion of Thursday’s call, an analyst brought up […] [Read More]

Kentucky’s men’s basketball team just won the most recent of its eight NCAA national championships the last time used-vehicle values rose to the level Manheim determined as the January reading. Manheim reported that wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased in January for the fourth consecutive month. This movement pushed […] [Read More]

CarLingo, an online car-shopping resource, has announced a few additional functions to its site designed to help consumers throughout the shopping process. Having already provided tools to help consumers select a car and get guidance on price, CarLingo has added sections to help consumers with trade-ins, monthly payments and dealership selection. In its news announcement […] [Read More]