Though compact car segment wholesale prices are expected to fall slightly this week, it seems the dramatic decline brought on in part by declining gas prices may be slowing down. According to NADA Used Car Guide, though the prices for this segment are still predicted to decline the most of any of any segment (2.1 […] [Read More]

It may be time for consumers who have held onto their vehicles since the 2008 recession, waiting for the economy to bounce back, to hit the lots for a new unit. Experian Automotive reported that there are more than 245 million vehicles on U.S. roads, and that the age of vehicles increased when compared to […] [Read More]

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]