Depreciation Slows in June, NADA Used Car Guide Reports

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 »

Portfolio Repeats Top Diamond Ranking in Annual Dealers’ Choice Awards

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 »

ADM Names 2015 Dealers’ Choice Award Winners

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 »

Industry Trends for 2015

GM Sales Jump 18.3%, Ford Up 15.3%, FCA Up 14% in January

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 »

Black Book: Vehicle Depreciation to Rise in 2015

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 »

IHS Forecasts 88.6 Million Global Light-Vehicle Sales in 2015

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 »

Agent Summit Advisory Board Announced

Registration Open for Agent Summit 2015

Crisorio to Head Agent Summit Advisory Board