U.S. Rep. Roger Williams (R-Texas) has strong feelings about the importance of the used-vehicle market. “It’s growing, because the price of new cars is getting so high, and people are basically payment buyers,” Williams said. “The price of used cars is going up proportionally. “So maybe a person could budget $500 a month, and it […] [Read More]

Enterprise Holdings’ chief executive officer Pam Nicholson, president and chief operating officer Christine Taylor, and Enterprise Holdings Foundation president Carolyn Kindle Betz have something in common. They started out in the company’s management training program. “We firmly believe in the power of the Enterprise Management Training Program, primarily because we've watched it take some of our greatest leaders […] [Read More]

Expect that truck bringing parts to your dealership service department to still have a driver behind the wheel at least for the foreseeable future. A new report from Navigant Research released on Wednesday analyzed the state of the automated medium- and heavy-duty commercial vehicle market, providing global market forecasts, segmented by vehicle class and region, […] [Read More]

Honda and Lexus won in three categories each as CarGurus named the winners of its third annual Best Used Car Awards. Dodge, Ford, and Jeep won two categories apiece. CarGurus says its 2019 awards identify the best recent-year used models across 16 body style categories. The awards are based on CarGurus’ analysis of long-term projected […] [Read More]

Vehicles that maintain high residual/resale values deliver unmistakable benefits to all segments of the automotive ecosystem. Stronger values give manufacturers the ability to offer the market a competitive total cost of ownership advantage that can have a tangible effect on consumers and dealers alike. But what vehicles have the best residual values today? Which ones, […] [Read More]

Amid tight gross profits, dealers would be wise to pay close attention to trade-ins and their used-car operations to make up for lost ground. That’s according to a survey of more than 430 dealers late last year that MAXDigital conducted with Erickson Research.  “It’s tougher than ever to capture gross profits in today’s market, but […] [Read More]

The data is in: Prospective car buyers’ love of technology continues. Technology adoption is especially high among one of the sector’s most valued segments: 66% of those in-market for a new car or truck in the next 12 months say they are interested in trying the latest technologies, according to public opinion and data company YouGov. […] [Read More]

While your used inventory probably doesn’t have any self-driving cars — yet — your store already might have models containing the latest safety features a large number of consumers surveyed by CarGurus want. Along with gauging interest in vehicles having features such as a rear-view camera or blind-spot monitoring, the company’s newest automotive consumer research […] [Read More]

Despite the high average sale price of a late-model used Tesla Model S at $68,159, those vehicles sell faster than similar large luxury cars, with an average selling time of 35.5 days, according to a study from automotive research firm and car search engine, iSeeCars.com At the same time, however, among its comparable vehicles, the Model […] [Read More]

Wantalease.com noticed Ford reversed many of the “generous discounts” on vehicle leases the Blue Oval offered in March by increasing monthly payments in April. According to analysis shared on Wednesday, site officials noticed the Ford Fusion, Taurus, Escape, Explorer and Expedition all experienced price hikes this month. Wantalease reported the Fusion had the highest increase at […] [Read More]