Once an SUV owner, always an SUV owner? Maybe not quite. But a recent study by business information provider IHS Automotive revealed that 63 percent of SUV/CUV owners who returned to the market for a new vehicle during the first quarter of 2016 purchased another SUV or CUV. The figures were pulled from an analysis […] [Read More]

A new survey from AutoMD.com indicated that the lengthening vehicle ownership cycle is impacting vehicle purchasing. Conducted online among more than 1,000 vehicle owners, the survey revealed that 59 percent of participants who said they planned to purchase within six months would be opting for a pre-owned vehicle, with three quarters saying that their purchase decision […] [Read More]

Midsize cars and compact cars combined to make up more than two-fifths of certified pre-owned sales in the first quarter, according to Edmunds.com. In the company’s Q1 Used Vehicle Market Report released last week, these two vehicle types led the list of 10 largest CPO segments, with midsize cars claiming a 21.1-percent share of the […] [Read More]

When NADA Used Car Guide released its Guidelines report earlier this month, it predicted that May prices on used vehicles up to 8 years old would fall 2.8 percent to 3.3 percent relative to April, with prices for the majority of mainstream segments expected to fall by 3 percent or more. It was a forecast similar […] [Read More]

According to data collected by J.D. Power and released Tuesday through its SafetyIQ program, consumer complaints about vehicle software have been growing steadily over the past several years, and 2016 is already on pace with the record-setting level of 2015. So far this year, J.D. Power determined that consumers have filed 202 formal complaints with […] [Read More]

There were 10.14 million used-vehicle retail sales in the first three months of the year, according to Edmunds.com, which said this was the best first quarter since 2012. It also beats year-ago figures by 3.4 percent, the company said in its Q1 2016 Used Vehicle Market Report released last week. Franchised dealers were particularly strong, […] [Read More]

The Enterprise Rent-A-Car Foundation has renewed its $1 million pledge to the American Red Cross’ Annual Disaster Giving Program. Additionally, the philanthropic arm of Enterprise has pledged $100,000 to the Canadian Red Cross to assist with relief efforts in the wake of the Fort McMurray, Alberta, wildfires. This second annual $1 million contribution to the […] [Read More]

The certified pre-owned vehicle market in the first three months of the year reached a combined tally of 646,390 sales, which Edmunds.com says is a first-quarter record.  The Q1 sum is also a 5.2-percent year-over-year increase, Edmunds reported in its Q1 Used Vehicle Market Report released Thursday. But the fact that CPO penetration of franchised dealer […] [Read More]

First-quarter retail used-car transaction prices have never been higher than they were in the opening three months of 2016, says Edmunds.com. Edmunds' Q1 2016 Used Car Market Report released Thursday morning said the average retail transaction price on a used car was $18,838, a first-quarter record. This is up 3.2 percent year-over-year, moving past 2015 figures […] [Read More]

When the first Kerrigan Auto Retail Index was released at the end of March, the report said it was a bit premature to call the seven-year up-cycle in auto retail stocks over, but noted the handwriting was clearly on the wall. “It is still too early to call the end of the cycle, but the public […] [Read More]