As 2012 wrapped up, wholesale values finished off at high rates for dealers, who saw increases spotted across the segments, most noticeable in the smaller car segments. According to the latest RVI Market Update, wholesale values (seasonally adjusted on two- to five-year-old vehicles) went up 3.4 percent when compared to November. Moreover, this number was […] [Read More]

This year was an eventful one for the U.S. — presidential elections, high gas prices, superstorms and fear of a financial crisis lit the 2012 landscape. But as NADA’s Jonathan Banks pointed out in the latest Guidelines report, the new- and used-car market “weathered these conditions extremely well and were inarguably bright spots in an […] [Read More]

Both Black Book and NADA Used Car Guide are seeing wholesale trends that dealers regularly brace for this time of year — an uptick in vehicle prices. Last week, the amount of vehicle prices Black Book editors adjusted upward came in at 36 percent, nearly identical to the level they reported during the same span […] [Read More]

The top four of the most-researched individual used-vehicle models on NADAguides.com last month remained unchanged from both December 2011 and November, as the Ford F-150 continues to rank in the top spot, followed respectively by the Chevrolet Silverado 1500, Nissan Altima and Honda Accord sedan. However, moving up two spots from November to December was […] [Read More]

The Reynolds and Reynolds Co. announced integration between the Reynolds Used Vehicle Management application and the ADESA Auction Run List, which can enable dealers to more quickly and efficiently source used vehicles available at ADESA auction sites. Officials said Tuesday that the integration between Used Vehicle Management and the ADESA Auction Run List is a […] [Read More]

AutoTrader.com’s Trade-In Marketplace has seen a lot of action since its introduction into the market in 2009. And the tool for dealers and consumers reached an important milestone this week, claiming its five millionth offer — generated this Monday. “Reaching this big milestone in such a short amount of time is a testament to how […] [Read More]

From The Green Hornet to the original Batmobile, Barrett-Jackson expects to set a new world record for vehicle offerings this week, as the company holds the largest auction event in its 42-year history. Barrett-Jackson made the announcement this week regarding its flagship Scottsdale, Ariz., auction, which runs through Sunday at WestWorld of Scottsdale. With nearly […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE HANOVER, Md. — Executives from 20 auto lenders holding a portfolio of $200 million or less paused almost in unison when Hudson Cook's legal experts made the connection between behavioral economics and vehicle financing. During a roundtable session organized by the National Automotive Finance Association last week, […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE NEW YORK — While the composite rate of the S&P/Experian Consumer Credit Default Indices ticked up for the third consecutive month, auto loan default rates stayed flat in December, halting a rising trend that lasted three months. According to S&P Dow Jones Indices and Experian, the auto […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE FORT WORTH, Texas — For the fourth time since June of last year, General Motors Financial announced the pricing of an offering of automobile receivables-backed securities totaling at least $1 billion. The newest development revealed by the company on Tuesday is for a $1.0 billion offering through […] [Read More]