AutoCanada finished fiscal year with revenue up, used-car sales down
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Premium Articles
Assessing risk as 84-month contracts become more prevalent
Thursday, Oct. 3, 2019, 01:46 PM
SubPrime Auto Finance News Staff
S&P Global Ratings senior director Amy Martin recently assembled a report with a title that concisely summarized the current state of auto financing. Martin’s analysis titled, “Speed Bump Ahead: As Auto Loans Accelerate Toward 84 Months, Caution Is Warranted,” reviewed data from Experian as well as a sample of six providers — a mix of […] [Read More]
Industry leans on two primary financing tools in September
Wednesday, Oct. 2, 2019, 04:09 PM
Nick Zulovich, Senior Editor
The auto-finance industry went to two of the most readily accessible tools it has to complete new-vehicle deliveries in September as transaction prices for new metal continue to stretch buyers’ purchasing capabilities. As J.D. Power spotted incentives climbing to within $28 of an all-time high, Edmunds indicated the average interest rate for a new-vehicle retail […] [Read More]
A summer scorcher…for used-vehicle values
Tuesday, Oct. 1, 2019, 07:26 PM
Auto Remarketing Canada Staff
It’s another value retention record. Canadian Black Book’s CBB Used Vehicle Retention Index market average for August set a new record for two- to six-year-old vehicles at 107.2. That is a gain of 3.7 points from last year at the same time. Also, continuing a positive trend showing a two-point gain across all industry segments […] [Read More]
Lane watch: Fall depreciation gaining steam
Tuesday, Oct. 1, 2019, 03:54 PM
Auto Remarketing Staff
The softening of wholesale prices has accelerated, according to the latest Black Book Market Insights report. Analysts spotted decreases a week ago significantly higher than the average seen during the previous four weeks for both cars and trucks. “Used-vehicle market strength is waning as depreciation rates increased week over week,” Black executive vice president of […] [Read More]
Study: Consumers leery over privacy, but want personalization at dealership
Monday, Sep. 30, 2019, 07:38 PM
Auto Remarketing Staff
As advanced data techniques have made harvesting and management of vast amounts of personal data possible, some consumers get nervous about privacy issues related to personal data. However, 68% of consumers in a recent survey don’t mind dealers using personalization technology if it improves the overall vehicle-buying experience. And that number jumps to 76% among ages 18 to 34. In fact, the survey — Cox […] [Read More]
‘Overwhelming’ evidence of insurance as dealer income opportunity
Wednesday, Sep. 25, 2019, 07:33 PM
Daryl Lubinsky, Correspondent
One hundred percent of car buyers have to make an insurance decision. That’s how DealerPolicy president of dealer solutions Mike Burgiss wanted to start the discussion in an interview with Auto Remarketing. During the conversation, Burgiss talked about a new DealerPolicy study on insurance and the car dealership. DealerPolicy’s “2019 Car Buyer Study: The Role […] [Read More]
Used-car sales, including CPO, continue hot streak in 2019
Wednesday, Sep. 25, 2019, 06:27 PM
Joe Overby, Senior Editor
The latest reading of used-car sales projections shows a fairly strong market, including the certified pre-owned segment of the industry. ALG is expecting the third quarter will wrap up with 10.26 million pre-owned sales for the quarter. While that would be off 3.9% from the second quarter, it would be a 1.8% hike from Q3 of […] [Read More]
60-day delinquency rate stays nearly flat in Q2
Wednesday, Sep. 25, 2019, 03:58 PM
SubPrime Auto Finance News Staff
Experian determined the 60-day delinquency rate remained almost at the exact same reading year-over-year, with the second-quarter rate coming in at 0.65%. That’s just 1 basis point higher than what analysts spotted after Q2 2018. Experian’s Q2 2019 State of the Automotive Finance Market report did show a bit of rise in accounts set to […] [Read More]
Summer officially ends meteorologically and perhaps in the lanes, too
Tuesday, Sep. 24, 2019, 07:16 PM
Auto Remarketing Staff
Autumn officially arrived on Monday, and perhaps dealers might start to see wholesale prices cooling in the lanes, too, if the latest Black Book Market Insights report is any indication. Analysts spotted overall price decreases last week for both cars and trucks at greater rates than the previous four-week average. Along with fall’s arrival, Black Book […] [Read More]
Kontos explains how changing volume mix left mark on August prices
Tuesday, Sep. 24, 2019, 03:55 PM
Auto Remarketing Staff
More trucks and SUVs moved down the lanes in August, and KAR Auction Services chief economist Tom Kontos detailed how that change in volume mix impacted wholesale prices. According to ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, wholesale used-vehicle prices in August averaged $11,244, which was 1.8% lower compared […] [Read More]