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This piece, the full version of which appears in the upcoming Dec. 15 print edition of Auto Remarketing, delves into the recent quarterly results and developing trends at publicly traded online auto marketplaces CarGurus, Cars.com and TrueCar. Each of these companies released their third-quarter results in November and held accompanying earnings calls. Here are some of the […] [Read More]

Black Book pinpointed three reasons why its Used Vehicle Retention Index for November dipped noticeably compared to the previous month. On Monday, analysts said their November index came in at 114.0, which represented a 1.4% decline from the October reading of 115.6. Black Book executive vice president of operations Anil Goyal explained what triggered the […] [Read More]

While keeping a close watch on lengthening contract terms, S&P Global Ratings reported that collateral performance was generally positive for the U.S. auto loan asset-backed securities (ABS) sector in September. “Losses and 60-plus-day delinquencies decreased month over month as well as year over year in both the prime and subprime segments, although recoveries in both […] [Read More]

If dealers want to compare their November used-sales figures and have a more favorable assessment, the retail forecast from TrueCar’s data and analytics subsidiary, ALG, demonstrated how managers should look back a year ago rather than the previous month. ALG projected on Tuesday that used-vehicle sales are expected to reach 3,095,166 units in November. Should […] [Read More]

Wholesale values spotted in the auction lanes during the past couple of weeks appear to be dropping faster than your eyelids after that delicious Thanksgiving meal the industry will soon enjoy. According to the latest Black Book Market Insights report, value softening is especially prevalent among cars. Analysts indicated their volume-weighted data showed overall car […] [Read More]

Blue. In the area of vehicles, that color reflects consumers’ desire for adventure, relaxation and reliability. That is according to paint and coating developer PPG, which on Friday announced its 2019 automotive color trends. The data showed a rise in blue automobiles. Holding a steady 8% of the total global color popularity data, blue was […] [Read More]

For just the third time this year, analysts at J.D. Power Valuation Services spotted a downward move of its monthly index. J.D. Power’s Used Vehicle Price Index dipped by 2.2% in October. The softening placed the index 1.8% below September of last year. When looking at volume, analysts shared in the November Used Car and […] [Read More]

After revealing a change in its latest quarterly report about how dealer fees are collected, Credit Acceptance Corp. also recently shared the details about its completion of a $351.7 million asset-backed non-recourse secured financing. Pursuant to this transaction, Credit Acceptance said it contributed contracts having a value of approximately $439.6 million to a wholly-owned special […] [Read More]

Consumers appear to have a notable desire to purchase a vehicle amid the upcoming holiday shopping season. Their sureness that a finance company will underwrite the contract so they can take delivery doesn’t appear to be on the same level. The latest Capital One Auto Navigator survey reveals only 26% of respondents feel very confident […] [Read More]

Canadian Black Book vice president of research and analytics Brian Murphy summed up the latest reading of the CBB Retained Value Index with six words. “What goes up, must come down,” Murphy said in a news release sent to Auto Remarketing Canada this week. Coming off a record high established in September, the seven-month winning […] [Read More]