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The noticeable upturn in defaults finance companies might be used to seeing from July into August unfolded again this year, according to the S&P/Experian Consumer Credit Default Indices. Data through August from S&P Dow Jones Indices and Experian showed the auto loan default rate climbed 9 basis points to 0.98%, mimicking a track that analysts […] [Read More]

Fayetteville, N.C.-based Reed-Lallier Chevrolet’s used-vehicle sales increased by 30% after the dealer implemented SureSale Certified. Year-over-year, that was nearly three times greater than the average for the local market, according to SureSale, and early results show turn rates increasing by 10%.  “Year-to-date our used vehicle sales are up significantly, and the only thing that has […] [Read More]

With consumers looking for affordable transportation, demand for compact and midsize cars is generating enough price movement to influence overall wholesale market metrics, according to the latest installment of Guidelines from J.D. Power Valuation Services. Analysts reported data through August that showed used-vehicle prices are 2% higher on average than during the same eight-month period […] [Read More]

While the Federal Reserve cutting interest rates twice in less than two months certainly has generated plenty of attention, automotive experts aren’t quite so sure the actions will directly lead to immediate upticks in vehicle deliveries and loan originations. The chief economists at both KAR Auction Services and Cox Automotive shared their perspectives following the Federal Open Market […] [Read More]

After reporting all-time records in May, the Nissan and Infiniti brands in Canada achieved that mark again in August.   The Nissan brand moved 1,594 certified units in August, up from 1,293 a year ago. Through eight months, Nissan has sold 10,604 CPO units, compared to 6,229 vehicles. The Infiniti brand moved 213 CPO vehicles in […] [Read More]

While wholesale prices for cars and trucks edged lower, Black Book’s latest Market Insights report contained details to refute the notion that it’s a soft September in the auction lanes. In fact, Black Book executive vice president of operations Anil Goyal said, “Used-vehicle prices declined slightly last week, although the used market remains relatively strong […] [Read More]

Franchised dealers appear to have a rosier outlook on the used-car market than their independent dealer counterparts, according to a study released Monday by Cox Automotive. In addition to other areas, the Q3 2019 Cox Automotive Dealers Sentiment Index delved into the used-car department, which for franchised dealers, is tilted more towards positive.  When asked […] [Read More]

Virginia Connell says that with the substantial size of the auto service market for maintenance and repair, when a sector gains even a fraction in market share, that means auto dealers are leaving millions of dollars in potential revenue on the table. “As vehicles age and require more complex and costly repairs, aftermarket service is […] [Read More]

What typically happens within the confines of a dealership — retailing and servicing vehicles — isn’t solely influencing the values and transactions of stores nowadays. Rather, two firms that monitor dealership buy/sell activities mentioned other factors such as foreign-trade clashes as an element that could impact if activity picks up significant steam to close the […] [Read More]

As fintech developments germinate from outside firms, a new report from Accenture showed how much these new solutions could impact banks. Accenture said as much as 15% of banks’ global payments revenue, or $280 billion, is likely to be displaced by the growth of digital payments and competition from non-banks, as payments become more instant, […] [Read More]