The Industry's Leading Source For F&I, Sales And Technology

Top News

RVI Reports Slight Dip in Leasing Penetration

October 3, 2006

Stamford, Conn.—According to RVI Group’s third quarter RVI Risk Outlook, the lease penetration rate dipped slightly from the first quarter to the second, but remains strong when compared to overall historical levels, reports AutoRemarketing.

RVI found that used-car prices continued the trend of year-over-year increases in August, rising .3 percent in 2006 on top of a 6.1 percent year-over-year increase last August. RVI predicted the rise in prices would continue through the first half of 2007, pushing residual values higher.

The company expects supply to increase in the third quarter and to continue rising through 2008, putting downward pressure on prices beginning in 2007.

Your Comment

Please note that comments may be moderated. 
Leave this field empty:
Your Name:  
Your Email:  



Honda and Arelco Join ATC-Onlane for Buying and Selling Wholesale Vehicles

ATC-Onlane Inc., an online auction company for automotive dealers to buy and sell wholesale vehicles, recently announced that Honda Auto Finance and Arelco, a National Alamo licensee, have joined the list of sellers on its full-service online marketplace, ATC Open. In addition, ATC-Onlane unveiled a new service enhancement for dealers and buyers to receive estimated delivery times and price quotes on the cost of transportation of any vehicle.