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Two wholesale market trends are continuing to gain momentum, according to the latest Black Book Market Insights report. Analysts pinpointed the momentum’s source: Dealers are passing on a growing number of vehicles in the lanes, and it's pressuring prices to soften. “Values of car and truck segments declined at a similar rate last week. The […] [Read More]

As expected, wholesale volume has increased from 2018 to 2019 in Canada, due in part to growth in lease returns.  But interestingly, the increase isn’t yet putting downward pressure on used prices. According to RVI, the expectation coming into this year was initially much bigger, with respect to growth in wholesale volume. “We had forecasted […] [Read More]

Trucks and SUVs are designed to carry a variety of things, from flea market finds to raw materials for countless projects. And apparently those units carried overall wholesale price movements in September, too. According to KAR Global Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, overall prices in September averaged $11,155. […] [Read More]

This past Friday, Axis Auto Finance reported financial results for its 2019 fiscal year that ended June 30 and included the full 12 months of operations the acquired entities of Cars on Credit Financial (COCF) and Trend Financial Corp. As a result, Axis posted several year-over-year gains since the comparative 2018 fiscal year included only […] [Read More]

The service and parts piece of the franchised auto-dealer business, along with other high-margin segments like used cars and F&I, is driving profitability for these stores. And that is helping push optimism among both dealers and investors in the future value of franchised dealerships. That’s according to Kerrigan Advisors, a sell-side adviser to dealers that […] [Read More]

Lease penetration a shade below 30% not only means that demand for leasing is strong, but future off-lease volumes should continue to be plentiful to a used-car market that hasn't just absorbed the additional supply, but thrived from it. That’s according to analysis released Friday by Cox Automotive, which did the math on how current […] [Read More]

Late-model vehicles are continuing to depreciate annually at a little more than 1% per month, according to the latest Black Book data. Analysts reported this week that the average price of a used vehicle for model years 2013 through 2017 decreased in value by 1.0% during September, with cars softening by 1.1% and trucks dipping […] [Read More]

That certified pre-owned shopper on a dealership lot may be willing to shift over to the new-car department. The number of people shopping for CPO vehicles is 25% higher than it was three years ago, and many of them haven’t ruled out buying new, according to a Shopper Trends Snapshot from Cox Automotive. But whether or […] [Read More]

While still following cyclical patterns, auto-finance defaults in September climbed to the highest point so far this year, tying for the third-highest reading since 2014. According to data through September compiled by S&P Dow Jones Indices and Experian, the auto component of the S&P/Experian Consumer Credit Default Indices jumped 7 basis points to 1.05%. The […] [Read More]

After wrapping up the Thanksgiving holiday, Scotiabank Economics released its Q4 Provincial Economic Outlook this week. Along with sharing four overall trends and a deeper look at each of the 10 provinces, analysts arrived at the conclusion that Quebec will lead the provinces in economic growth this year, with British Columbia and Alberta claiming the […] [Read More]