Premium Articles
Summertime wholesale price strengthening surfaces again
Tuesday, Aug. 20, 2019, 04:26 PM
Auto Remarketing Staff
Just like consumers, dealers are trying to find affordable vehicles. And the newest Black Book Market Insights report showed both groups might be having trouble achieving that goal. In fact, analysts determined that overall car segment values rose this past week, mimicking a scenario spotted at this time a year ago. “History repeats itself with […] [Read More]
3 reasons why July used-vehicle prices came in 2.1% higher
Monday, Aug. 19, 2019, 05:09 PM
Auto Remarketing Staff
The team at J.D. Power Valuation Services pinpointed three reasons why used-vehicle wholesale prices through July on average came in 2.1% higher than during the same seven-month period in 2018. In the latest edition of Guidelines, analysts attributed the factors triggering that wholesale-price growth as: — Higher new-vehicle prices and affordability concerns — High levels of […] [Read More]
CPO gains some year-over-year steam to start 2nd half
Friday, Aug. 16, 2019, 08:39 PM
Joe Overby, Senior Editor
It was a great start to the second half of the year for the certified pre-owned car market. There were 236,579 CPO vehicle sales in July, which beat year-ago figures by 6%, despite trailing June figures by 2%, says a new Data Point report from Cox Automotive, which cites Motor Intelligence data. This follows a […] [Read More]
Used EV market ‘relatively non-existent’ so far, but change could be near
Friday, Aug. 16, 2019, 06:50 PM
Daryl Lubinsky, Correspondent
A Cox Automotive conference call discussing the latest phase of its study titled, “Evolution of Mobility: The Path to Electric Vehicle Adoption,” highlighted results from a Cox Automotive survey of consumers and dealers. One of those findings: Consumers believe EVs are coming, but that hasn’t increased their interest in buying one. The session discussed additional […] [Read More]
Equifax notices 2 patterns forming in auto finance
Thursday, Aug. 15, 2019, 02:30 PM
SubPrime Auto Finance News Staff
The latest data made available by Equifax reinforced patterns many finance companies might be experiencing. Origination volume is slowing, while the amount financed is climbing. According to Equifax data through March, the auto-finance industry generated 5.90 million auto loans, totaling $135.5 billion. Analysts indicated the metrics represent a 1.0% decrease in accounts and a 1.3% increase […] [Read More]
Why more than 1 in 4 financial services consumers might be leaving their current provider
Tuesday, Aug. 13, 2019, 08:58 PM
Auto Fin Journal Staff
It appears loyalty to a financial services provider might be waning, especially when considering younger users. More than a fourth of financial services consumers (28%) said they are considering switching to a new financial services company, according to a new study released on Tuesday by Yes Marketing. In its “Inside the Lifecycle of the Financial […] [Read More]
In auto sector (and elsewhere), positive buying experience more crucial than price
Tuesday, Aug. 13, 2019, 08:16 PM
Auto Remarketing Staff
A positive car buying experience is more important to customers than price. That is according to a recent survey from Roadster, which provides car buying and leasing commerce solutions. And according to the survey, that positive experience is also more important than price in other industries. Roadster’s survey covered sectors such as grocery, apparel and […] [Read More]
Lane watch: Upbeat dealers lift auction activity
Tuesday, Aug. 13, 2019, 03:57 PM
Auto Remarketing Staff
Dealers in upbeat moods thanks to more showroom activity translated into actions in the lanes being more robust last week, according to the latest Black Book Market Insights report. Those behaviors resulted in analysts noticing wholesale values staying stronger than they had during the previous four weeks. “Strong valuation trends were seen across the majority […] [Read More]
KBRA reports cyclical non-prime auto ABS performance in July
Tuesday, Aug. 13, 2019, 03:46 PM
SubPrime Auto Finance News Staff
If your non-prime portfolio performance is experiencing some cyclical turbulence this summer, it appears you might not be alone. This week, Kroll Bond Rating Agency (KBRA) released its auto loan indices for July, reporting on delinquency roll rates from asset-level disclosures. Analysts said servicer reports showed mixed results across securitized prime and non-prime auto loan […] [Read More]
Leasing strength to continue; off-lease to boost CPO
Monday, Aug. 12, 2019, 03:21 PM
Joe Overby, Senior Editor
A shade over 29% of new-vehicle sales in the first quarter of the year were leased, according to Experian’s latest State of the Automotive Finance Market report. That’s down a smidge from 29.83% a year earlier, but Experian notes in the report that a lease “continues to be a sought-after product, generating payments on average […] [Read More]