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One of Black Book’s representatives stationed in the lanes put it this way: “Quite simply, the buyers were not in a buying mood.” As a result, analysts reported the highest weekly decline since January in the latest installment of the Black Book Market Insights. “The used market continues to be soft. Particularly, full-size pickups declined […] [Read More]

Black Book is seeing its Used Vehicle Retention Index return to a seasonal pattern. Analysts released their index reading for October on Monday, indicating that the newest observation came in at 115.6. That figure represented a 0.3% dip from September when it was 115.9. “In the last couple of years, the used-vehicle values held up […] [Read More]

Fueled in part by blossoming relationships with industry players such as CarGurus, Westlake Technology Holdings recently announced that it reached $10 billion in assets under management milestone ahead of its targeted goal of hitting the milestone in 2022. Westlake responded by setting a new goal of $20 billion in assets. When does the company want […] [Read More]

Does more data mean more problems? You might arrive at that conclusion based on information from a new Aite Group study commissioned by TransUnion. Across the globe, companies are amassing volumes of data with the intent of optimizing performance, identifying trends and meeting rising consumer expectations. Yet this new research showed nearly 75% of financial […] [Read More]

Ally Financial provided some insight on Monday in connection with potential buyers arriving at your dealership showroom or store website, especially individuals who already might be weary from new-vehicle sticker shock. Ally pointed out used vehicles are increasingly popular with Americans as consumers turn to the used market for more affordable options, but a recent […] [Read More]

As experts from ALG and Kelley Blue Book watched average transaction prices (ATP) for new models climb again in October, Edmunds noticed average interest rates for new-vehicle financing remained below 6% for the fourth month in a row. Edmunds pegged the average APR on new financed vehicles at 5.7% in October; the same reading as September […] [Read More]

Ruggedness, durability and iconic design. Those are reasons why Jeep Wranglers are known for retaining their value, said iSeeCars chief executive officer Phong Ly. “Because of Jeep’s loyal following, their demand outstrips supply in the used-car marketplace, leading to high resale values.” Ly said in a news release. Jeep models account for the top two spots […] [Read More]

Rapid adoption of electric vehicles — a scenario in which EVs represent 30% of Canada’s vehicle stock, compared to less than 3% today — would reduce domestic oil consumption by about 252,000 barrels per day, according to Ernst and Young, or EY. That scenario could result in more new Canadian oil & gas and power […] [Read More]

With only a couple of months remaining in the year, J.D. Power Valuation Services is holding steady on its forecast for where wholesale prices are likely to land by the time 2019 finishes. Reiterating its forecast even though six consecutive months of index increases came to an end in September, analysts said used-vehicle prices are […] [Read More]

Instead of dealers walking around with wads of cash in their pockets to give to potential car buyers and service drive customers, findings from a recent study conducted by daVinci Payments described different approaches dealerships could be using. The study found that customers in the market for a new vehicle can be significantly incentivized to […] [Read More]