CNW Research defines an “emotional buyer” as one who buys a used vehicle to fulfill his or her dream of owning that specific model. And according to this month’s Retail Automotive Summary from CNW, this kind of buyer is coming back to the dealership. So, what's behind the resurgence? It appears economic improvement has played […] [Read More]

As part of a branding initiative announced today, vAuto’s used-vehicle inventory management product suite has a new name, and the company has also rolled out a new product line of stand-alone solutions designed to help dealers tackle specific used-car tasks. [Read More]

CNW Research said Superstorm Sandy pulled about 250,000 used sales out of the market in October, but many of those buyers have come “roaring” back this month. Analysts project this month’s used sales figure to come in at 3.04 million, which would represent a 17.6-percent jump from November of last year. The prediction is coming […] [Read More]

It seems dealers, buyers, and auction owners alikemight be seeing higher values and volumes in the lanes as 2013 gets under way. This week, National Auto Auction Association president-elect Jack Neshe and NAAA president Paul Lips joined Black Book’s Ricky Beggs during his “Beggs on the Used Car Market” video report. After years of low […] [Read More]

Still-strong wholesale vehicle values resulted in yet another decline for U.S. auto ABS losses, according to the latest index results from Fitch Ratings. Analysts said October auto ABS losses also remained stable as the new model season kicked into gear for vehicle sales. Fitch pointed out the Manheim Used Value Index gained 1 percent, increasing […] [Read More]

Right before the Thanksgiving holidays, the auto industry received some sad news. The founder of the nation’s largest privately owned auto dealership group passed away on Tuesday, Nov. 20, in Kansas City, Mo. [Read More]

Dealers can learn more about stocking quality units and holding gross in retail, in the next National Auto Dealers Association Webinar, set for Wednesday at 1 p.m. EST. Joining the free NADA Webinar will be Mike Platts of Carfax, to offer dealers insights on the Carfax Price Adjustment that is included with a Carfax Vehicle […] [Read More]

Next month, Sanford Auto Dealers Exchange has a sale on tap that may help dealers not only shore up their used inventory, but aid in their holiday shopping, as well. On Dec. 18, SADE is hosting a 2,000-vehicle sale that will also include $50,000 in gifts for customers. The two grand prizes are a 1987 […] [Read More]

Kelley Blue Book unveiled the 2013 model-year vehicle winners of its Best Resale Value Awards this morning and dominating the competition were Toyota and Lexus. For the second straight year, this pair swept the Best Resale Value brand rankings, with Toyota winning among the non-luxury makes and Lexus taking top honors in the luxury category. […] [Read More]

Just before Thanksgiving, the Federal Reserve Board and the Consumer Financial Protection Bureau announced increases in the dollar thresholds in Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) for exempt consumer credit and lease transactions. Officials said these increases are consistent with the Dodd-Frank Wall Street Reform and Consumer Protection Act amendments to […] [Read More]