Modestly softer demand in recent months is not an indication that consumers are no longer hungry for used vehicles, according to NADA Used Car Guide. It's quite the contrary. In the latest Guidelines report, senior analyst Jonathan Banks says “numerous indicators suggest that consumer demand for used vehicles continues to grow, albeit at pace slower […] [Read More]

In light of an economic recovery that’s still modest, Kelley Blue Book insisted luxury vehicle values have been hit especially hard during the past several months as new- and used-model values have steadily declined. Seen as consistently underperforming their non-luxury counterparts, KBB calculated that values of used luxury vehicles dropped by 1.7 to 2.5 percent […] [Read More]

The top four most-researched used models at NADAguides.com during August were the same for both this year and last year. Analysts indicated this group included two pickups and two midsize sedans with the Ford F-150 topping the August used search chart each time. Next on the list was the Chevrolet Silverado 1500, followed by the […] [Read More]

In the first half of 2012, it seems shoppers were in the market for midsize vehicles, with the Toyota Camry topping the list of best-selling new vehicles, according to Experian Automotive’s latest vehicle registration analysis. The used Camry was popular as well, selling approximately 394,000 units in the first half of the year. On the […] [Read More]

The annual ADESA Boston Classic Car and Motorcycle Run, now in its 12th year, will be held this Sunday, Sept. 16 in Massachusetts. The fundraising event has raised hundreds of thousands of dollars in charitable donations over the years, ADESA reports, and today boasts more than 200 motorcycles and 100 vintage vehicles in its 30-mile […] [Read More]

WASHINGTON, D.C. — Along with a bruised credit history, sometimes subprime buyers — especially ones who might be doing business with buy-here, pay-here dealers — might not even have a bank account, a trend the Federal Deposit Insurance Corp. says is on the rise. The FDIC today released the results of its 2011 National Survey […] [Read More]

DETROIT — Ally Financial is launching Ally Balloon Advantage in New York and California this week as part of its broad set of financing options for dealers to turn both new and used models. The company plans to make the product available in other markets across the United States in the coming months.   Management explained […] [Read More]

SCHAUMBURG, Ill. — Experian Automotive discovered that new-vehicle leasing continued on a steady pace during the second quarter, coming in with a level similar to what the industry has generated outside of the worst point of the recent recession. Analysts determined leasing represented 24.40 percent of all new-vehicle financing during the second quarter. That level […] [Read More]

FARMINGTON HILLS, Mich. — RouteOne announced this week that SunTrust Bank is now participating on RouteOne's eContracting platform. According to data from Experian Automotive, SunTrust ranked among the top 20 auto lenders based on second quarter market share. The bank's share of the used market was 0.68 percent while its level in the new market […] [Read More]

Auto Remarketing has learned that on Sept. 3, Kia Motors America officially transferred responsibilities for the automaker’s certified pre-owned program to its fleet and remarketing department. The program had been administered by KMA’s retail development department along with JM&A. Kia also told Auto Remarketing that as part of the transfer, Michelle Hurney is moving over […] [Read More]