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
Vehicle-lease transfer approvals jump to highest point in nearly 3 years
Tuesday, Oct. 29, 2019, 05:09 PM
Auto Remarketing Staff
Swapalease.com reported the highest number of credit approvals for vehicle-lease transfers in nearly three years. Site officials said this week that the approval rate in September came in at 72.9%, representing a 4% increase from the August rate of 68.9%. The last time credit approvals on Swapalease.com rose higher than 72.9% was in March 2016 when […] [Read More]
How current lease volumes could impact pre-owned supply
Friday, Oct. 18, 2019, 07:12 PM
Joe Overby, Senior Editor
Lease penetration a shade below 30% not only means that demand for leasing is strong, but future off-lease volumes should continue to be plentiful to a used-car market that hasn't just absorbed the additional supply, but thrived from it. That’s according to analysis released Friday by Cox Automotive, which did the math on how current […] [Read More]
Ally Financial extends NASCAR team sponsorship through 2023
Friday, Oct. 4, 2019, 03:16 PM
Auto Remarketing Staff
Ally Financial is going to remain in the auto racing business for at least three more years. Less than 12 months after it first raced into NASCAR, Ally Financial on Friday extended its full-season primary sponsorship of Hendrick Motorsports and the No. 48 Chevrolet Camaro ZL1 team for three more years through the 2023 season. […] [Read More]
Individualized plans part of Float’s dealer-driven improvements
Tuesday, Sep. 17, 2019, 06:41 PM
Auto Remarketing Staff
Ryan Davis says his company built its inventory finance business line Float by BacklotCars to be “a more transparent and flexible way to pay for inventory.” “The ability to give dealers a more personalized experience will help us further our mission to make wholesale easy,” Davis, who is BacklotCars’ co-founder, said in a news release. […] [Read More]
NAF Association’s significant impact on Used Car Week growth
Monday, Sep. 16, 2019, 06:34 PM
Auto Remarketing Staff
Cherokee Media Group integrated more auto-finance workshops and presentations into Used Car Week beginning in 2013. And one of the primary reasons why conference organizers made that move was the National Automotive Finance Association. “When we looked to expand Used Car Week to include an auto-finance component, some of the first steps we took included […] [Read More]
PODCAST: PayPal vice president Susan Schmidt
Friday, Sep. 13, 2019, 04:32 PM
Auto Remarketing Staff
Susan Schmidt, vice president for the U.S. Consumer Credit Group at PayPal, joins the show to talk about PayPal Credit's business-to-business applications, its presence in the auto-parts business and potential for expansion. The full episode can be found below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play. You can also listen to the latest […] [Read More]
Fair purchasing Ford Credit’s Canvas subscription service
Thursday, Sep. 12, 2019, 03:12 PM
Auto Remarketing Staff
Fair said Thursday it is buying Ford Motor Credit’s Canvas vehicle subscription service. Terms were not disclosed. Customers using Canvas, a wholly owned subsidiary of Ford Credit established in 2017, will transition to Fair, if they so choose. The Canvas team itself will make the move to Fair, as well. Fair said in a news […] [Read More]
2 trucks among top 10 new models leased in Q2
Monday, Sep. 9, 2019, 07:26 PM
Auto Remarketing Staff
You might need sharp eyes to notice, but Experian spotted an extremely slight decline in the volume of new-vehicle leasing booked during the second quarter. Analysts also pinpointed the top 10 models generating the most leasing volume in Q2. And two of the vehicles can be seen pretty easily in a driveway or parking lot. […] [Read More]
PODCAST: Jessie Herdrich of PAR North America
Tuesday, Sep. 3, 2019, 06:50 PM
Auto Remarketing Staff
Jessie Herdrich, who is vice president of compliance at PAR North America, joined the Auto Remarketing Podcast at the Automotive Intelligence Summit this summer in Raleigh, N.C., where she led a presentation on "Ensuring Compliance in a Data-Driven World." The full discussion can be found below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play. […] [Read More]
DealerSocket enhancements show ‘deep commitment’ to used-car market
Tuesday, Sep. 3, 2019, 06:36 PM
Auto Remarketing Staff
Software company DealerSocket says enhancements such as improved data collection capabilities for its Dealership Management System for independent dealers — or iDMS — “reaffirm the company’s deep commitment to the used-car market.” At its annual user summit in August, DealerSocket announced what it described as “several key innovations,” and in addition to the iDMS data […] [Read More]