As prices for used alternative fuel vehicles have plummeted this year, many analysts have attributed some of the drop to a level of consumer caution that still abounds years after the first hybrids hit the market Survey results from AutoTrader.com released today affirm this assertion, showing there are still “significant gaps that need to be […] [Read More]

<p>AR: Tell us about home, where you grew up.</p> <p>Kapusta: I grew up in a suburb of Detroit, Sterling Heights. This is home for me with nearly all of my family living in the area. My mom lives nearby as do my two sisters.</p> <p>I was actually born in the city of Detroit and then […] [Read More]

Dan Kennedy remembers the paper-intensive days of remarketing, when he would bring home invoices on cars GM Remarketing was selling, rail bills and truck bills in order to match up VIN numbers by hand and make sure all payments were square. “I had them spread all over the living room floor and kitchen table,” Kennedy […] [Read More]

As reports came in this week outlining used-car auction price drops last month, the Edmunds.com Q3 Used Market Quarterly Report released Wednesday claims that pre-owned prices have dropped to a four-year low on the lots. As used supply continues to increase, putting downward pressure on used prices, Edmunds.com reported the average used car sold by […] [Read More]

After the NADA November Guidelines report released Tuesday found that wholesale used-vehicle prices for units up to 8 years in age fell by 3.5 percent in October, NADA Used Car Guide predicted that downward wholesale price movement is expected to slow slightly this week. NADA expected auction prices to fall by 0.2 percent or $25. […] [Read More]

Black Book revealed its newest product on Wednesday — a valuation tool the company says allows lenders to analyze vehicle values in real time. Collateral Insight Engine compiles historical, current, and projected vehicle values, and can also analyze collateral performance and create custom views that meet specific lender portfolio needs, the company said. The new […] [Read More]

Are automotive advertisers embracing mobile video advertising to target consumers? A new report says yes, in a big way. Vdopia Inc. this week announced the launch of the Vdopia Mobile Insights series with the release of the first report, Vol. 1.1 Automotive Industry, offering its analysis of mobile video advertising by the auto industry. Focused […] [Read More]

Incentives spending growth has crept back up to exceed auto sales figures this month, according to the NADA Guidelines report for November, with the numbers rebounding after a quarter of decline.   In its Used Car Guide Update, released Tuesday, NADA analysts cite Autodata figures showing average incentives spending at $2,583 this month. While sales increased […] [Read More]

Outstanding auto loan balances have reached a record high, Experian Automotive announced on Wednesday, their highest since the company began publicly reporting the data seven years ago. According to Experian’s latest State of the Automotive Finance Market report, outstanding balances on automotive loans reached $782.9 billion, up $103 billion from Q3 2012. In other positive […] [Read More]

CarProof announced this week it has received Deloitte’s Technology Fast 50 and Fast 500 awards for the third consecutive year. These awards recognize technological innovation, entrepreneurship and rapid growth in the Canadian technology sector. “We are humbled to again be named as one of Canada’s fastest growing companies and proud to be among this prestigious […] [Read More]