Auto Loans Were Up in Second Quarter, Experian Automotive Says

U.S. auto loans jumped 5.5% to $682 billion during the second quarter, though the balance of those loans remained lower than the same quarter in 2007, prior to the start of the recession, according Experian Automotive. The 30-day delinquency rate during the second quarter was 2.52%, down from 2.59% during the same quarter a year […]

 

Online Used Vehicle SmartAuction Reaches 4 Million Mark

SmartAuction, Ally Financial’s online used vehicle auction, recently reported selling its 4 millionth vehicle. To reach this milestone, SmartAuction has sold approximately 1,200 vehicles every selling day for the last 12 years. “Achieving this level of performance is a testament to the efficiency of internet-based transactions as SmartAuction buyers and sellers keep their inventories moving,” […]

 

New-Vehicle Sales Increase at Expense of Used Cars

Alec Gutierrez Senior Market Analyst of Automotive Insights Kelley Blue Book Click here for Analysis of New and Used Car Sales New and used pricing gap tightening; Used subcompact and compact cars only offer consumers an average savings between 5% to 7%, while used hybrid cars and mid-size crossovers are within 3% to 4% of […]

 

Manheim Used Vehicle Value Index – July 2012

Tom Webb Manheim Consulting Chief Economist Click here to read Manheim’s Index for July 2012 Wholesale used vehicle prices tracked on the Manheim Used Vehicle Value Index continued their downward cycle in July – down 1.8% from the previous month and 3.7% from a year ago. That makes four months in a row where the […]

 

Fleets Save Big at HTUF; Lifecycle Costing for Canada Fleets; UK New Cars Threaten Residuals; Global Fleet Management; Why Do We Fail?

HTUF 2012: Early Registration Pricing Ends Aug. 14! Special Fleet registration rate of $249 – A savings of $550…what a great deal!  Learn more Vincentric Releases Lifecycle Costing Tool for Canada Vincentric announced the release of the innovative Dynamic Cost to Own: Canada Fleet Edition calculator. This online lifecycle  costing tool for Canada is an […]