MCCLEAN, Va. — Used-vehicle depreciation slowed modestly in June compared to May’s more rapid pace, according to the NADA Used Car Guide, with prices for vehicles up to eight years in age falling 2.5% on a monthly basis in June, or more than a half a percentage point less than the 3.2% drop recorded a ... Read More »
LAKE FOREST, Calif. – Portfolio, one of the nation’s leading reinsurance program managers for automotive dealers, has again been ranked as the top Diamond provider of Vehicle Service Contracts‐ Reinsurance in the annual Dealers’ Choice Awards national survey sponsored by Auto Dealer Monthly magazine. This is the fifth Diamond Award for Portfolio, matching its achievement ... Read More »
TORRANCE, Calif. — The publishers of Auto Dealer Monthly magazine have announced the winners of the 11th annual Dealers’ Choice Awards. The program recognizes the industry’s best product and service providers and are voted on exclusively by dealers and dealership personnel. “This year’s awards produced a record number of participants, votes and awards,” said David ... Read More »
Detroit’s automakers on Tuesday all posted strong sales increases in January compared to a year ago, led by General Motors Co.’s 18.3 percent gain — its best January in seven years, reported The Detroit News. Buyers took advantage of low gas prices, easy access to credit and stable feelings about the economy to buy vehicles, ... Read More »
LAWRENCEVILLE, Ga. — Vehicle depreciation is expected to increase in 2015 as a larger used-car supply and off-lease volumes place pressure on retention rates, according to a report from Black Book and Fitch Ratings. The annual depreciation rate in 2014 was 12.1%, and Black Book believes depreciation levels will continue to trend upward to as ... Read More »
SOUTHFIELD, Mich. — With 2015 off to a good start, IHS Automotive, part of IHS Inc., forecasts global automotive sales for 2015 to reach 88.6 million, an increase of 2.4% over 2014, continuing an unbroken five-year run of sales recovery and growth from the low point set in the depth of the Great Recession in ... Read More »
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