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Dealers More Optimistic About Used-Car Market vs. New

Dealers More Optimistic About Used-Car Market vs. New

Sentiment speaks to recent auto finance data showing prime and superprime car buyers shifting toward used, where the average monthly payment was $139 less than the record $504 average monthly payment for new in the second quarter.

September 22, 2017

S&P/Experian: Auto Default Rate Registers Largest Increase Since December 2011
Manheim Used Vehicle Value Index Posts Third Consecutive Record
Manheim Index Reaches Record High in June

Manheim Index Reaches Record High in June

It was the second consecutive month that Manheim Used Vehicle Value Index reached a record high. Officials said strong retail demand for recent model-year used vehicles is encouraging dealers to buy more vehicles at auction, and the increased demand is more than offsetting the high supply.

July 10, 2017

Swapalease: Lease Approval Rate Falls to Three-Year Low

Lease applicants registered a 48.1% approval rate, the lowest level since the car lease marketplace began tracking the stat in 2014. The firm explained that the rise in consumer interest for luxury SUVs is what’s driving the uptick in declines.

June 20, 2017

Manheim Index Hits Record High

Manheim Index Hits Record High

With wholesale used-vehicle prices rising in May, the Manheim Used Vehicle Value Index rose to a record 127.9. The firm noted that dealers purchased the most vehicles at Manheim auctions for the month of May since 2008.

June 7, 2017

Manheim Used Vehicle Value Index Increases 1.6% in April

Manheim Used Vehicle Value Index Increases 1.6% in April

The index's April reading was 124.7, a year-over-year improvement thanks to the 0.5% increase in wholesale used-vehicle prices. Manheim officials said any weakness is more a result of excessive new-vehicle inventory, with more than four million new units sitting on dealer lots for the last three months.

May 9, 2017

Group 1: Earnings Hurt by 'Extreme Weakness' in Oil-Dependent States
NADA: New-Car Dealerships Employ Record Numbers in 2016

F&I Delivers for Asbury in Q4 2016

The group’s F&I operations posted a $60 increase in F&I profit per vehicle retailed during a quarter in which the nation’s eighth largest auto retailer chose volume over margin.

February 8, 2017

Average Transaction Price Rises in January

A sales mix in favor of utility vehicles drove up January’s average transaction price 3.3% from a year ago to $34,968. Among the greatest beneficiaries were the Detroit Three, with General Motors leading the way.

February 1, 2017

EFG Companies: F&I Industry Faces Murky 2017

EFG Companies: F&I Industry Faces Murky 2017

The expected regulatory rollback, plateauing sales, rising interest rates, and the push to change the in-dealership experience clouds the F&I industry’s future, EFG Companies said today. Four of the firm's executives offered their predictions for 2017.

January 31, 2017

NADA: New Administration Could Push Sales Above 2017 Forecast of 17.1M
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