CBT News, May 9, 2019 — While U.S. auto sales softened this past April, and many customers continued to flock to used car lots due to vehicle affordability issues. However, this uptick in used-car sales might not last for much…
Honda Motor Co. reported Wednesday lower profits for the its fiscal year ended March 31 and a loss in the quarter that closed out the period, prompting the Japanese automaker to lay out future plans to streamline vehicle offerings and…
Toyota Motor Corp., which reports earnings May 8 for the quarter and fiscal year ended March 31, is like other global automakers in dealing with the reality that the auto industry is in a post-peak era. Generally, vehicle sales around…
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 1.81% month-over-month in April. This brought the Manheim Used Vehicle Value Index to 138.4, a 4.5% increase from a year ago. On a year-over-year basis, most major market…
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 1.81% month-over-month in April. This brought the Manheim Used Vehicle Value Index to 138.4, a 4.5% increase from a year ago. Looking at trends in weekly Manheim Market…
Auto Remarketing, May 7, 2019 — Used-car sales in April beat year-ago figures by 3.0%, according to estimates from Cox Automotive, which said the pre-owned SAAR climbed to about 39.3 million for the month. That compares to a used-car SAAR of…
On Episode 2 of the vAuto Podcast, Mike Boyd, founder of iRecon, joins the show to discuss the state of reconditioning across the industry. While the reconditioning process typically takes 12–14 days, Mike explains how a strong software solution can…
New-vehicle sales are off to a slow start in 2019, down 2% in Q1. It would have been worse without strong fleet sales. Retail sales were down 4% in the first three months of 2019. Fleet was up 6%. The…
Most of the latest economic data point to improving trends relative to a weak start to the year. Pending home sales and new home sales in March suggest housing activity will be stronger in Q2 and possibly better than last…
Automotive News, May 6, 2019 — After slower U.S. light-vehicle sales in January and February, there was a jump in March, and some industry observers thought it would carry into April. It didn’t. An auto sales phenomenon known as the “spring…
