PHH Connect provides 24/7 connectivity with services and call centers to deal with accidents, maintenance and enter mileage data. The Mobile application is designed to run on Apple® iPhone, Android™ and Windows Mobile handheld platforms.
Kelley Blue Book analysts says some buyers are buying used entry-level luxury models rather than succumbing to automaker incentives, boosting the used-car luxury market. Also compact cars are doing better than their midsize or fullsize counterparts.
Experts say new-car incentives are slowing down the once-steady increases in used-vehicle prices. Average used price is about 58% of average new-vehicle price. When that number goes over 60%, consumers often lean toward purchasing a new vehicle.
Smartphone applications are bringing Internet music services to vehicles with the help of Google's Android software and interfaces designed to safely exploit hands-free access.
The Manheim Used Vehicle Value Index continues to show double-digit gains, with two months of record high values and five straight months of increases in all major segments, says chief economist Tom Webb, with compact pickups and full size vans as leaders.