According to the September Blue Book Market Report — Used Car Edition, Kelley Blue Book determined auction values for 1- to 3-year old models at the end of third quarter remained at a three-year high. Analysts pinpointed the average at $17,085, or $280 above the average at this juncture last year. Since the start of […] [Read More]

There were less shoppers looking for used cars last month, but industry-wide used-vehicle sales still managed to beat year-ago figures by nearly 4 percent, according to CNW Research, which also pointed out that dealers — as well as private sellers — were able to fetch higher transaction prices. Overall, CNW said there were 3.65 million […] [Read More]

Many dealers and buyers might have been wondering what has contributed to unusually strong price retention in the lanes for trucks. Since this past spring, the truck segments have continued to outperform smaller segments, with prices staying relatively flat or rising. Kelley Blue Book’s latest Blue Book Market Report shows that while values for used […] [Read More]

Three-fourths of 2013 are in the books, and it appears for many automakers that this year will be quite a success in the certified pre-owned market. A few OEM CPO programs have already shared their September sales results as well as offering a look at how 2013 is stacking up for certified through three quarters. […] [Read More]

Within the past year, Kelley Blue Book noticed auction values for late-model Honda Civic Hybrids have declined at a faster pace than their non-hybrid counterparts. The result of this faster depreciation is now a larger number of the Honda Civic Hybrid variants are cheaper to own. Analysts made that assertion in KBB’s September Blue Book […] [Read More]

Hertz Global Holdings announced this week that its wholly owned subsidiary, Donlen Corp., successfully completed the establishment of a new fleet lease securitization platform to finance its U.S. fleet lease operations going forward. In connection with the establishment of the new financing platform, Hertz Fleet Lease Funding — a wholly owned special purpose subsidiary of […] [Read More]

J.D. Power is gearing up for its annual Automotive Marketing Roundtable later this month that will focus on all facets of online automotive marketing. The company revealed some of the scheduled speakers this week, with more than 75 of the industry’s leaders on the docket. Some of the scheduled special keynote speakers and panelists include: […] [Read More]

BANDON, Ore. — In the midst of a used-car market that grew about 4 percent year-over-year and reached 3.65 million sales, September showed slightly less subprime buyers, but a greater proportion of vehicles that were financed, according to the latest data from CNW Research. The firm indicated that there were 920,136 used vehicles purchased by […] [Read More]

FORT LAUDERDALE, Fla. — In just two years, Scot Seagrave has navigated his way to be president of AFS Acceptance. The company promoted Seagrave — one of the speakers at the inaugural SubPrime Forum next month — citing his effectiveness of steering the transformation of the loan origination team into a cohesive unit delivering consistent […] [Read More]

ATLANTA — According to Equifax's latest National Consumer Credit Trends Report, the total outstanding balances on auto and credit card loans increased year-over-year in August. Analysts contend the total balance of existing auto loans is at its highest level in more than five years. For bank-issued credit cards, it is the first time in five […] [Read More]