Used-car consumer data took a big step this week as U.S. News & World Report announced the expansion of its Best Cars rankings to include some 600 used cars, SUVs and minivans from the 2009–2011 model years. Top-ranked vehicles in the study include the 2010 Nissan Versa as best used small car under $12,000; the […] [Read More]

Along with an announcement about the completion of its latest acquisition, DealerTrack revealed on Thursday that it received the endorsement from a state dealer association. Officials highlighted the Virginia Automobile Dealers Association has endorsed DealerTrack’s Sales and F&I, Inventory Management and Electronic Vehicle Registration solutions for use by Virginia dealerships. The DealerTrack solutions and services […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} FORT WORTH, Texas — As more than 50 percent of total loan originations came […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE BANDON, Ore. — When CNW Research tabulated last month's used-vehicle sales figures, analysts noticed subprime borrowers accounted for more of the total. CNW discovered subprime buyers constituted 20.2 percent of sales in July versus 17.2 percent last year. Overall, last month's used-sales volume moved higher by more […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} LAKE SUCCESS, N.Y. — Along with an announcement about the completion of its latest […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} CARMEL, Ind. — An online report indicated J.D. Byrider is on its way to […] [Read More]

The summer continues to be a hot one for several automakers in Canada. Following about 3-percent year-over-year growth in June, Canadian new-vehicle sales last month improved 4.7 percent, according to data provided by DesRosiers Automotive Consultants. Specifically, automakers moved 148,184 new vehicles in July, with year-to-date sales coming in at 1.01 million units for a […] [Read More]

CarProof Vehicle History Reports provided assistance to children across Canada so they can have a season in sports through CarProof’s Drive to Help Day, a recently held fundraising event. CarProof pledged to donate a portion of its sales from July 18 to Canadian Tire Jumpstart, a national charitable program that helps financially disadvantaged children participate […] [Read More]

July used-vehicle sales data from CNW Research showed why it can be challenging for  an independent dealer nowadays. Not only are franchised stores holding on to as many trade-ins as they possibly can retail, CNW president Art Spinella explained why independent lots also are being pinched by private-party sales. Overall, last month’s used-sales volume moved […] [Read More]

Industry incentives continue their decline, but transaction prices seem to be on the way up, when compared to last year’s rates.   More specifically, TrueCar.com analysts estimated that the average transaction price for light vehicles in the U.S. was $30,369 last month, up $487 (1.6 percent) from July 2011 and down $139 (0.5 percent) from […] [Read More]