DCG launches AI data-mining software for dealership valuations
Monday, May. 20, 2024, 03:27 PM
Vroom reports net loss of $44.7M in Q1, completes wind-down of ecommerce & used-car retail business
Monday, May. 13, 2024, 02:52 PM
FloodFlash launches sensor-enabled flood insurance for ‘underserved’ dealers
Monday, May. 13, 2024, 01:52 PM
Financial
PODCAST: Annual Women in Auto Finance panel discussion
Monday, Feb. 3, 2020, 08:19 PM
Auto Remarketing Staff
In this episode of the Auto Remarketing Podcast, we continue with our special episodes recapping general sessions from Used Car Week. Next up is our annual Women in Auto Finance panel discussion. Moderated by Cortney Osborne of American Recovery Service, this panel features: Tina Love of Allied Solutions Carol Moore of Hyundai Capital America Michele […] [Read More]
Swapalease.com watches approvals close 2019 near year high
Thursday, Jan. 30, 2020, 05:48 PM
Auto Remarketing Staff
Swapalease.com reported that the approval rate for vehicle-lease credit applicants on its website finished 2019 at a strong pace. Site officials reported this week that the approval rate came in at 72%, marking a rise from the November rate of 67.1%. Swapalease.com found that December contained a slightly higher number of applicants with qualifications for […] [Read More]
Premier Financial Services highlights strong demand for exotic-vehicle leasing
Wednesday, Jan. 29, 2020, 07:19 PM
Auto Remarketing Staff
Dealer principals and general managers likely are used to seeing the healthy pace of their mainstream new models departing the store as a leased vehicle. In fact, Experian reported 28.76% of new models left franchised stores as a leased unit during the third quarter. Well, leasing of exotic and vintage vehicles appears to be quite […] [Read More]
Wantalease.com projects top 3 red vehicles to lease for Valentine’s Day
Wednesday, Jan. 22, 2020, 03:30 PM
Auto Remarketing Staff
Wantalease.com is looking ahead to one of the most romantic holidays on the calendar, not only reporting the most attractive lease offerings available in January but forecasting which red vehicles will be best to lease for Valentine’s Day. Site officials recapped this week that several manufacturers offered attractive discounts and competitive pricing on midsize cars […] [Read More]
Top 10 new models leased in Q3
Monday, Dec. 9, 2019, 06:23 PM
Auto Remarketing Staff
If you work at a Honda store or your dealership is closely competing against one, there’s a good chance the new vehicles being delivered at that rooftop are connected to a lease. According to Experian’s Q3 2019 State of the Automotive Finance Market report, analysts determined three of the top 10 new models leased during […] [Read More]
7 leasing deals that could help stores close 2019 strong
Tuesday, Dec. 3, 2019, 05:57 PM
Auto Remarketing Staff
Wantalease.com spotted leasing opportunities that could help franchised dealers finish 2019 on a high note. Site officials reported the Nissan Sentra is currently priced the lowest of all vehicles, with payments as low as $139 per month. The Ford Focus is not far off with new lease payments sitting at $159 per month, followed by […] [Read More]
Swapalease.com experiences ‘modest’ decline in October approvals
Tuesday, Nov. 19, 2019, 05:41 PM
Auto Remarketing Staff
Swapalease.com reported declines in approvals for vehicle-lease credit applicants during October on both a month-over-month and year-over-year basis. But site officials classified the movements in both instances as “modest.” The site indicated its October approval rate registered in at 68.8%. That’s down from the September rate of 72.9%, as well as the October 2018 reading […] [Read More]
PWI blends ride-share coverage to vehicle protection plans
Tuesday, Nov. 19, 2019, 03:54 PM
Auto Remarketing Staff
One of the many experts who appeared on stage during Used Car Week 2019 quipped about how the ride-sharing vehicle taken from the airport to the Red Rock Resort in Las Vegas could have used some “TLC,” likely stemming from its extensive use while in service. The anecdote provided a vivid example of what Preferred […] [Read More]
Overwhelming evidence supports value of F&I products
Thursday, Nov. 7, 2019, 01:26 PM
Nick Zulovich, Staff Writer
It doesn’t take much of a vehicle repair to surpass a cost of $400, especially with how complex vehicle systems are nowadays. And for a notable segment of the U.S. population, that potential repair cost would pose a major problem on the family budget, reinforcing the value of products sold in the F&I office. According […] [Read More]
NextGear names new president
Monday, Nov. 4, 2019, 12:00 PM
Auto Remarketing Staff
NextGear Capital has a new president. Parent company Cox Automotive announced Monday that Scott Maybee, previously the general manager of Manheim Northstar Minnesota, is the new leader of the inventory finance company, a move effective today. Maybee will report to Cox Automotive executive vice president and chief financial officer Mark Bowser. “At Manheim, Scott successfully […] [Read More]