Buyers are paying more for many popular mid-size models, according to NADA Used Car Guide’s latest Guidelines report. In fact, some prices for models have undergone “major revisions,” including the Chevy Malibu, Ford Fusion and Mazda6, whose prices “improved significantly over the years and are at, or very near to, the overall (sales weighted) segment […] [Read More]

After November’s Hurricane Sandy, dealer demand for used cars is up; so why are pre-owned values declining? Kelly Blue Book’s Alec Gutierrez addressed this very issue in this month’s Blue Book Market Report. Granted, used values bumped up during the weeks following the storm, said KBB's  senior market analyst of automotive insights. But after the […] [Read More]

With the holiday season in full swing, it’s not just toy stores and shopping malls reaping the rewards. It also appears two particular segments of the used-car market are seeing some nice gains, as well. According to the latest Hot Used-Car Report from Kelley Blue Book, luxury SUVs and premium luxury cars have seen the […] [Read More]

If an individual reports a complaint about a dealer or auto finance company to the Consumer Financial Protection Bureau, data about the grievance likely will end up with state regulatory agencies, too. [Read More]

As November saw average days to turn for used vehicles in Canada sitting at 62 and overall transaction prices coming in around $29,000 — considerably lower than MSRP value — it is becoming more and more important to know just what a customer expects when visiting a dealership, says J.D. Power and Associates. [Read More]

When it comes to the used models getting the most looks from online shoppers, some familiar names were at the top of the list. According to consumer trend data provided in the latest Guidelines report from NADA Used Car Guide, the three most-researched used models last month on NADAguides.com were the Ford F-150, Chevrolet Silverado […] [Read More]

Used highline units remain hard to find this season, and a few certified pre-owned vehicles as well as rides from import automakers are proving scarce, as well. These were just some of the findings that popped up in the latest installment of vehicle scarcity data that is provided monthly to Auto Remarketing by AutoTrader.com. The […] [Read More]

About a year ago, I introduced the idea of “provisioning” inventory as a replacement for the long-held practice of dealers “stocking cars” to feed their used-vehicle operations. The basic concept is that “stocking cars” doesn’t sufficiently capture the more holistic nature and needs of retailing used vehicles to achieve maximum return on investment and profitability […] [Read More]

It was another record month for the certified pre-owned business, which appears to be headed toward heights never reached before, according to Autodata Corp. Last month was the strongest November ever, with certified sales totaling 147,860 units, the firm said. This continues a string of records in the CPO market, including the best October ever […] [Read More]

It is crucial to know exactly what customers are looking for when they are searching the lots and priorities range from dependability and speed to image and technology, to name a few. But according to a recent CarMax survey, the most important element for buyers to consider remains "quality," for the third year running. In […] [Read More]