The auction values of late-model used vehicles are down about 4 percent year-over-year, Kelley Blue Book’s Alec Gutierrez told Auto Remarketing on Wednesday afternoon, also pointing out that this marks the first time since 2009 that a softening has occurred. Lower prices in the used market come in the wake of softer new-vehicle prices and […] [Read More]

In what should be good news for used-car managers looking for luxury models down the road, NADA Used Car Guide contends that lease penetration for high-end models is back to pre-recession levels. Analysts indicated that the lease rate for luxury units hit 45 percent in 2011, and the rate stood at 44 percent through the […] [Read More]

On Wednesday, the National Automobile Dealers Association welcomed the Obama administration’s continuing review of the proposed model year 2017–2025 fuel economy rules. As White House personnel held discussions with automakers, environmentalists and government officials, NADA articulated issues the association believes have to be raised during the summit called, “Advanced Vehicles, Driving Growth.” NADA asked a […] [Read More]

Just in time for the Fourth of July, TrueCar.com has released its list of vehicles most likely to be purchased as our nation celebrates its birthday. According to the site, it seems Americans feel more patriotic around Independence Day, as the data shows last year’s most-sold cars during the period of June 27 to July […] [Read More]

In an effort to ramp up leasing activity for a specialized model and more, Mitsubishi Motors North America selected Ally Financial Wednesday to be a preferred provider of leasing and financing for the automaker’s electric-powered 2012 Mitsubishi i. As a preferred financing provider, officials highlighted Ally will begin offering leasing for other vehicles in the […] [Read More]

Though not expected to show as steep of an uptick as the overall used market, the prices of luxury used vehicles will likely climb nearly 2 percent this year, according to NADA Used Car Guide senior analyst Jonathan Banks. The projection for this 1.9-percent price uptick is spurred by the significant swoon in supply for […] [Read More]

Though the industry seems to be on the upswing with new-car sales booming, producing more trade-ins and quality used inventory flowing through the auction lanes, growth might be hindered by a global issue: an overall “sluggish” economy. Granted, the economic recovery from 2008’s recession continues on. However, lingering low employment and the low consumer confidence […] [Read More]

As its inaugural class readies for a second training session, Auction Academy officials have announced the program’s expansion to include additional auction and finance personnel. Auction Academy chief operating officer Randall McCathren said that while the first Auction Academy group was specifically geared toward the sons and daughters of independent auto auction operators and related […] [Read More]

As consumers increasingly trend toward utilizing the Internet to purchase products and services, auto and transportation companies are staying in the loop by launching mobile websites that offer customers instant quoting and easy access to information. JMN Logistics, as part of its continuing efforts to stay current in technology, recently announced the launch of its […] [Read More]

DealerRater discovered earlier this week that the site attained a significant milestone, reaching 700,000 reviews. Officials determined DealerRater reached that threshold by receiving an average of 870 new reviews per day. The site also said it tabulates a new review every 55 seconds on weekdays. DealerRater believes the uptick in reviews posted on the site […] [Read More]