How will May’s used-vehicle sales shake out once the month wraps up later this week? It depends on whom you ask. Among three industry observers providing May used-vehicle sales projections, two predict a used market in a neighborhood above 4 million sales, while one forecasts a market closer to the 3 million range. [Read More]

New-vehicle sales have soared back from the troughs of a few years ago, and leasing penetration levels have steadily remained in the 20-percent ballpark. But is this surge on the new-car side helping the supply constraint that has arguably been the biggest challenge on the used-car side in recent years? Are dealers getting any alleviation […] [Read More]

Time for an "anti-tax movement" in used vehicles? I would say the answer is “yes” after recent reviews of used-vehicle department performance at several dealerships. The “tax” in question is the pack these dealerships put on their used vehicles. In some cases, this add-on cost for every used car runs nearly $900. [Read More]

With this past holiday weekend including the Indianapolis 500 and NASCAR’s Coca-Cola 600, TrueCar.com identified the 10 most popular models for people who enjoy racing and NASCAR. Based on 2011 data received from more than 165,000 men and women who listed “rallying, auto racing or NASCAR” among their hobbies, the findings placed the Ford F-150 […] [Read More]

In the spirit of the recent holiday weekend, Hyundai Motor America has expanded its military incentive program, waiving its usual four-year active duty requirement to include additional service members in the program. Through July 31, members of the Air Force, Army, Coast Guard, Marine Corps and Navy, as well as the National Guard and Reserves, […] [Read More]

The Ram Truck brand and The Chrysler Foundation revealed last week it has provided a grant to the Hispanic Scholarship Fund  — a provider of college financial aid for Latino students. The $50,000 grant to the Hispanic Scholarship Fund/Chrysler Scholarship Program is designed to “support outstanding Latino undergraduate or graduate students interested in a career […] [Read More]

SCHAUMBURG, Ill. — Sharing some interesting news for the repossession and recovery industries, Experian Automotive said today that first-quarter auto repossession rates plummeted more than 37 percent year-over-year. In its Q1 2012 State of the Automotive Finance Market report released this morning, Experian also pointed out that there was a 7.6-percent decline in 30-day delinquencies. […] [Read More]

If used-car managers wanted more confirmation that a quartet of Japanese sedans are in demand, first-quarter shopping traffic trends on Kelley Blue Book’s website could provide more clarity. Site officials revealed which models were searched for most during the first quarter, and it turns out four of the top five units are from Honda and […] [Read More]

Apparently, it’s not just the air outside that has heated up in recent weeks. New-vehicle sales have reached a boiling point and will likely cap what would be the best May since 2007, according to TrueCar.com, which along with other industry observers, released its new-car sales projections on Thursday. Analysts with J.D. Power and Associates […] [Read More]

An attendee at this spring’s National Auto Auction Association/CAR event that also featured a meeting of the International Automotive Remarketers Alliance remembered predictions Manheim’s Tom Webb made about gas prices. That same individual recently asked Webb whether he still stands by his estimation, and the Manheim economist responded in the May edition of the Manheim […] [Read More]