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Dealers appear to be hesitant to hit the buy button online or raise their hand in the lanes, and wholesale values are reflecting the behavior. Analysts arrived at those conclusions and shared more in the latest Black Book Market Insights report that mentioned values softening at higher levels than seen during the previous four weeks. […] [Read More]

Triggered in part by changes in federal laws, bankruptcy filings jumped noticeably to finish the third quarter. According to data provided by Epiq Systems, the American Bankruptcy Institute (ABI) reported total U.S. filings came in at 61,113 in September, up 6% from last September’s total of 57,619. ABI noted the 57,984 consumer filings in September […] [Read More]

September’s auto loan asset backed security data didn’t surprise analysts at Kroll Bond Rating Agency (KBRA). The latest readings for KBRA’s prime and non-prime indices arrived with seasonal patterns evident. Analysts found that auto loan ABS credit performance weakened slightly in September, with net losses and delinquencies rising month-over-month in both prime and non-prime. “The […] [Read More]

Development of the California Consumer Privacy Act (CCPA) took another crucial step last week. California attorney general Xavier Becerra released proposed regulations under the CCPA that was signed into law last June. Officials say the law provides consumers with “groundbreaking” new rights on the use of their personal information. The law mandates that on or before […] [Read More]

Ninety-six percent of car owners according to a recent report think they will own a car in the future. However, almost half of them would consider giving up car ownership if autonomous mobility in the form of self-driving buses or taxis was an available option. The report from Accenture is titled, “Mobility Services: The Customer […] [Read More]

The used-vehicle price trend for the Canadian market in September? They are maintaining their increased price levels set earlier in the year, according to the autoTRADER.ca Price Index. September showed a 10.6% year-over-year increase, but compared to August showed a 1.6% month-over-month increase. The autoTRADER.ca Price Index, which analyzes vehicle pricing data associated with more than 400,000 new- […] [Read More]

Spireon’s latest data showed its GPS solutions generated significant improvements when vehicles in the portfolios of buy-here, pay-here dealers end up in troubling place for operators — an impound lot. Spireon reported on Thursday that so far in 2019, significantly more used vehicles have been recovered expeditiously from impound lots than in 2018. This faster […] [Read More]

Just like the temperatures outside, Black Book is expecting used-vehicle values to cool for the remainder of the year. On Tuesday, Black Book released its Used Vehicle Retention Index for September, which came in at 115.9. The reading marked a 0.6% decrease from August, when it was 116.6. “The used market held up pretty well […] [Read More]

Used-car sales saw only a slight decline last month, and the seasonally adjusted annualized rate of sales remains on a steady course, according to Cox Automotive. There was a 0.1% dip in sales volume for used cars in September, the company said, compared to an 11.3% slide on the new-car side. The overall used-car SAAR […] [Read More]

An ample supply of popularly equipped off-lease vehicles, consumer concerns about the economy and upgraded certified used-vehicle programs from major players, have set the stage for another record-setting year of CPO sales, said industry analysts and managers of factory CPO programs. Cox Automotive predicts that industry-wide CPO sales will hit 2.75 million units by year-end, […] [Read More]