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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]

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]

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]

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]

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]

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]