Not only were certified pre-owned vehicle sales up 1% year-over-year in October, they snapped a three-month streak of month-over-month declines. That’s according to a Cox Automotive analysis of Motor Intelligence data, which indicated there were 233,514 CPO sales in October. That beats September figures by 4%. And the CPO market has now shown year-over-year gains […] [Read More]

Used Car Week, which is an all-digital event this year, begins Monday.  As the event gets rolling with the Auto Fin Con and the NAF Association’s Annual Non-Prime Auto Financing Conference (which will run concurrently), here are some important reminders: The entire conference will run online here: https://usedcarweek.biz/   Used Car Week … is actually more like […] [Read More]

Karl Brauer says the average new vehicle loses almost half of its value after five years. But some vehicles retain more of their value and depreciate less than average, said Brauer, who is executive analyst for car search engine company, iSeeCars.com. To identify models with the lowest and highest loss in value after five years, […] [Read More]

Although demand for new and used vehicles remained hot through the summer months, the deep-rooted effects of COVID-19 continue to have profit-eroding implications on many auto dealers who have been forced to acquire used inventory at bloated prices at auction. Manufacturer delays and reduced inventory have all but decimated dealers’ ability to maintain new-car sales […] [Read More]

Whether they are talking automotive or otherwise, this surely is a question many people are asking: What is going to happen in 2021?  A presentation at Used Car Week, which begins Monday, aims at answering that question — at least when it comes to new- and used-vehicle sales.  Used Car Week kicks off  with Auto Fin Con and […] [Read More]

Used Car Week begins in less than a week. And yes, being that it is a digital event this year, it will look different — much like any conference or event, automotive or otherwise, in this topsy-turvy 2020. But the mission of Used Car Week — that of uniting the industry and providing insights/analysis, networking opportunities […] [Read More]

The all-digital Used Car Week kicks off in less than a week, and one of the auto industry's top economists will be among those sharing insights.  The event begins with Auto Fin Con and the National Auto Finance Association’s Annual Non-Prime Auto Financing Conference, which will run concurrently the week of Nov. 16-20. On Wednesday of […] [Read More]

Used-vehicle sales last month fell 5% from October 2019, Cox Automotive estimated in analysis around its latest Manheim Used Vehicle Value Index, which was released Friday. The company pegged the seasonally adjusted annualized rate for used-car sales to be 37.5 million for October, versus 39 million in September and 39.6 million in October 2019. In […] [Read More]

With five apiece, Honda and Toyota each received the most model-level awards for resale value as the J.D. Power 2020 U.S. Resale Value Awards recognized the best resale value across 25 model-level vehicle segments following three years of ownership. Honda and Toyota were followed by Lexus with four model-level awards and Chevrolet and Dodge, which […] [Read More]

The number of franchised dealer reviews over four stars has grown as a percentage of all reviews. According to a study from auto industry online reputation services company Friendemic, the number of positive reviews grew from January 2017 through August 2019. Negative reviews have dropped below 13% of total reviews. In a blog post titled, […] [Read More]