All-electric car sales in the United States do not slow down and the results during the first two months of the year are significantly higher than in 2022.
Fuel efficiency isn’t just found in electric cars and hybrids. There is a wide range of fuel-efficient used cars available with all sorts of engines — largely because manufacturers have been focusing on fuel efficiency for the last decade.
Federal Reserve economists predict that turmoil after the collapse of several banks will cause a "mild recession" later this year, according to minutes of the Fed's March meeting.
What new-model shoppers think of a specific brand very well could be an indicator of how used-vehicle shoppers evaluate that badge, too. So, Kelley Blue Book’s 2023 Brand Image Award winners could help dealerships shape their inventory for the remainder of the year and beyond.
On April 3rd, the Consumer Financial Protection Bureau issued a new Policy Statement ("Policy") providing an analytical framework to identify "abusive" conduct.[1] This is the second time the CFPB has issued a Policy Statement on abusive conduct – the agency previously issued one in 2020 under Director Kraninger and repealed it the following year under Acting Director Uejio.
US car buyers are warming up to electric vehicles, and they're not only going after the new ones. People are increasingly interested in used EVs, and online searches for this category of vehicles have exploded in recent months. Cars.com, for example, has seen a huge spike in searches for used EVs – 145 percent in February 2023 compared to February 2022.
Automotive Ventures said Thursday it is closing its new DealerFund to new investors at the end of the month. The automotive technology and mobility venture capital firm announced the launch of the DealerFund in March 2022 as a means to help dealers “navigate through the next decade of unprecedented change, invest into and participate financially in the autotech startups they help to grow.”
There are some signs of hope that this bonkers used car market is slowly improving in the interest of buyers. While some segments are presenting some strong values, other areas are maintaining some serious premiums. To help buyers navigate the still complicated times of purchasing a car, iSeeCarsreleased a study sharing where you can get the best value for pre-owned models this spring.
Monday marked the first business day — or perhaps the third sales day depending on your dealership’s hours of operation — of the second quarter, which most dealers view as strong for the market.
The parent company of subprime lender TitleMax says hackers made off with the Social Security numbers and financial account information of up to nearly 5 million individuals.
Independent agents can tailor the shopping process to customers’ financial needs using comparison software and rating tools – a huge advantage over online, do-it-yourself policy shopping.
An old, unwritten rule of car sales tells dealers and factories to work together to keep about a 60-day supply of each new vehicle on hand for sale, with another 15 days on order or in transit. That, the pragmatism says, means that dealers have most color and feature combinations a buyer could want in easy reach.
New-vehicle supply closed February higher than it ended January despite surprisingly strong sales, according to Cox Automotive’s analysis of vAuto Available Inventory data. The average listing price edged lower.
The Federal Trade Commission has launched an inquiry into the small business credit reporting industry, ordering five firms in that industry to provide the Commission with detailed information about their products and processes.
After a strong January, certified pre-owned (CPO) sales in February rose another 1.9% month over month to finish at 205,946, up nearly 3,900 units. This total is up 7.3%, or over 14,000 units, compared to last February.
Borrowers with low credit scores are falling behind on their car loan payments as inflation eats away at consumer spending power. A report from Cox Automotive found 1.89% of auto loans in January were "severely delinquent" and at least 60 days behind payment, the highest rate since 2006.
Millions of Americans are driving cars that have recalls, a staggering thought considering safety is at play. However, many drivers do not fully understand how the recall process works, or mistakenly believe that bringing in a vehicle for recall repair means they will have to come out of pocket for the expenses.
Considering the resale value of any new car, truck, or SUV before signing on the dotted line is a good idea. These SUVs with the best resale value for 2023 topped the Kelley Blue Book’s list and have plenty to offer. The sport utility vehicles below from brands like Ford, Subaru, and Toyota can help save money in the long run by holding onto value over the first few years of ownership.
Chris Martin knew he needed a bigger car as the birth of his fourth child approached, but he and his wife were already $14,000 underwater on their two vehicles.
As it turns out, the reports of the manual transmission’s death are greatly exaggerated. In just two years, the take-rate on stick-shift cars has nearly doubled. A new report from The Wall Street Journal using data from J.D. Power sheds light on just how many people are choosing to row their own gearsin a new car.