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January 18, 2017 - Industry News

Compact Cars Continue to Show Strength

For model years 2008-2014, compact cars realized a wholesale value decline of 0.11% — the lowest level among all small cars. Alternatively, prestige luxury cars and subcompact cars realized the highest wholesale-value declines, with depreciation of 0.69% and 0.64%, respectively.

Tags: Black Book, CPO, small cars, used-vehicle sales, vehicle depreciation, Wholesale Pricing

December 5, 2016 - Industry News

Rapid Recon Salutes 100 Years of NADA and Vehicle Reconditioning

By the time the NADA was founded in 1917, the sufficiency of units in operation meant a growing opportunity for used-vehicle sales. According to 1917 motor vehicle registrations, as compiled by the U.S. Bureau of Public Roads, nearly five million cars and trucks were registered. And by late 1916, creative rebuilders were putting old cars, now “reconditioned,” back on the road.

Tags: National Automobile Dealers Association, Rapid Recon, remarketing, used-vehicle sales, Used-Vehicles

July 12, 2016 - Industry News

Kontos: Strong Truck Values Drive 3.3% Increase in Wholesale Prices in June

Average wholesale values fell again on a month-over-month basis in June, but they remain up on a year-over-year basis thanks to the continued price strength of trucks, according to ADESA Analytical Services.

Tags: ADESA Analytical Services, Tom Kontos, used-vehicle sales, used-vehicle values

May 26, 2016 - Industry News

DRIVIN Raises $7.5 Million in Additional Funding

The company that aims to change the way dealers sell, source, acquire, and deliver used cars announced it has raised an additional $7.5 million in equity capital. Launched in mid-2015, the Chicago-based startup has now raised $17.5 million in funding.

Tags: Auto Auctions, DRIVIN, inventory, used-vehicle sales, used-vehicle values

April 21, 2016 - Industry News

TD Bank: U.S. Auto Sales to Peak in 2016, Remain Healthy in 2017

TD Economics, an affiliate of TD Bank and TD Auto Finance, projects U.S. auto sales will peak at 17.6 million units this year before edging down to 17.3 million in 2017. But sales should remain at the 17 million-unit level for some time, the finance source’s economist noted.

Tags: Dina Ignjatovic, new-vehicle sales, SAAR, TD Auto Finance, TD Economics, used-vehicle sales

March 23, 2016 - Industry News

Black Book, Fitch Predict Vehicle Depreciation Will Reach 15% in 2016

In a joint report issued this week, the two firms said increased supply and incentives will drive higher depreciation in 2016. Auto ABS performance will face pressure, but no material concerns, the firms say.

Tags: Black Book, new-vehicle sales, used-vehicle sales, vehicle depreciation

December 16, 2015 - Industry News

(UPDATED) Vroom to Acquire Texas Direct Auto

The online startup looking to reinvent how cars are bought and sold has agreed to purchase the pioneer of selling vehicles online. According to officials, the two brands will co-exist and continue to operate online separately.

Tags: Online Buying, online shoppers, pre-owned customers, Texas Direct Auto, used-vehicle sales, Vroom

August 26, 2015 - Industry News

AUL Corp. Named to 'Best Places to Work in the North Bay’ List

AUL Corp. was named one of the North Bay Business Journal’s ‘Best Places to Work in the North Bay,’ the second time the provider of used-vehicle service contracts has earned the distinction.

Tags: AUL Corp., F&I manager, F&I process, F&I products, used-vehicle financing, used-vehicle sales

November 12, 2014 - Industry News

October Wholesale Prices Reveal Market Softness

ADESA’s chief economist says off-rental program vehicles kept wholesale prices artificially high in October. They also masked softness in a market that is facing high incoming supply.

Tags: ADESA Analytical Services, Tom Kontos, used-vehicle sales, Wholesale Pricing

May 8, 2014 - Industry News

Report: Used Operations Increasingly Important for Dealers

According to a report from Haig Partners, more dealers are focused on their used-vehicle business because profits are sometimes stronger than new-vehicle sales.

Tags: Franchised Dealerships, Study, used vehicles, used-vehicle sales

April 15, 2014 - Industry News

Average Incentives Rise, Domestics Curb Spending

Incentive growth was at its lowest point in March since last September, but the NADA Used Car Guide noted that the automakers that decreased spending were the ones that scored sales increases for the month.

Tags: Buick, Cadillac, Chevrolet, Chrysler, Fiat, General Motors, incentives, NADA, NADA Used Car Guide, sales, Subaru, used-vehicle sales, Volkswagen

April 8, 2014 - Industry News

Manheim: Used-Vehicle Values Increase in Early 2014

Despite the harsh weather, used-vehicle sales continued to motor along in the first quarter of the year. Keeping demand high were insurance vehicle replacements and tax refunds.

Tags: First Quarter, Manheim, used vehicles, used-vehicle sales

October 1, 2013 - Industry News

September Used-Vehicle Sales Up 3.9 Percent, CNW Reports

Despite fewer shoppers, used-vehicle sales were up 3.9 percent. Leading the way were franchised dealers, which retailed 5.44 percent more used vehicles than a year ago.

Tags: CNW Research, used-vehicle sales

July 9, 2013 - Industry News

Improving Employment Fueling Return to Normal for Used-Vehicle Market

Wholesale prices continued to return to normal levels in the first half, which Manheim attributed to an improving employment picture and rising new-vehicle sales.

Tags: Manheim, Tom Webb, used-vehicle sales, used-vehicle values

July 2, 2013 - Industry News

June Used-Vehicle Sales Up, Transactions Prices Down, CNW Reports

Franchised dealers are expected to realize a 3.35 percent increase in used-vehicle sales, while independents should be up 3.82 percent, CNW said today.

Tags: CNW Research, used-vehicle financing, used-vehicle sales, used-vehicle values

June 4, 2013 - Industry News

May Transaction Prices for Used Vehicles Drop 5.2 percent, CNW Reports

Used-car buyers are leaving their markets in greater numbers to locate the vehicles they want and at the right price. In May, CNW spotted a 32.6 percent increase in the number of used vehicles acquired outside of the buyer’s DMS.

Tags: CNW Research, used-vehicle financing, used-vehicle sales, used-vehicle values

May 14, 2013 - Industry News

Dealers See Boom in Certified Pre-Owned Market

Certified pre-owned sales are up 6.2 percent in the first three month of 2013 vs. the same period last year, reports.

Tags: certified pre-owned vehicles,, used-vehicle sales

August 28, 2012 - Industry News

HookLogic, PureCars Team Up on Online Trade-In Appraisal Tool

The new tool is designed to allow car shoppers to get an online appraisal of their trade-in, then offers incentives to to bring their vehicle to the dealership for a full appraisal.

Tags: HookLogic, inventory management, PureCars, Trade-In Appraisal, used-vehicle sales, used-vehicle values

April 26, 2012 - Industry News

Asbury Records Best Q1 Performance in Group History

Asbury Automotive Group Inc. achieved an all-time high for first-quarter operating profits, the dealer group reported today.

Tags: Asbury Automotive, used-vehicle sales, Vehicle Sales

April 10, 2012 - Industry News

[Video] Black Book: Used Values Climb at Slower Pace

In his weekly “Beggs on the Market” report, Black Book’s Ricky Beggs noted that the push for the extra dollar in the auction lanes wasn’t as strong as it was two weeks ago.

Tags: Black Book Online, Ricky Beggs, Used Values, used-vehicle sales

February 9, 2012 - Industry News

Manheim Releases Annual Used-Car Market Report

Manheim Consulting’s 17th annual report on the used-car market revealed that auto manufacturers, rental car companies, lenders and dealers increased revenues and earnings in 2011 despite a weak economic backdrop.

Tags: Manheim, used vehicles, used-vehicle sales

January 3, 2012 - Industry News

Used-Vehicle Sales Up 5.2 Percent in 2011, Reports CNW

Total used sales for December were up almost 12 percent, while sales for the year were up 5.2 percent, CNW Research reported today.

Tags: CNW, monthly sales, used vehicles, used-vehicle sales

December 21, 2011 - Industry News Names Best Sellers of 2011’s review of 2011 car sales revealed that the Ford F-150 is the top-selling new vehicle of 2011, while the Honda Accord is the best-selling used car of the year.

Tags:, Ford, Honda, new-vehicle sales, Nissan, used-vehicle sales

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