Financial

An executive who previously was with a member of the Cox Automotive family of companies now has a leading role with a division within KAR Auction Services. According to a news release distributed on Wednesday, Preferred Warranties (PWI) announced the addition of Allison Marley as the company’s new vice president of sales. In this role, […] [Read More]

After launching as a pilot a year ago in Philadelphia and Nashville, Tenn., the Mercedes-Benz Collection vehicle subscription program is expanding to Atlanta, which is home to Mercedes-Benz USA. Additionally, the subscription program is adding the Premier tier in Nashville, the company said Monday. Mercedes-Benz Collection is a collaboration between MBUSA, Mercedes-Benz Financial Services USA […] [Read More]

­­As part of Auto Remarketing’s Top 100 Used Car Dealers: Franchised Edition, we highlight some of the leading lenders in the space. The Top Used-Car Lenders Among Franchised Dealers ranking is based on data from  Experian Automotive, which includes the top 20 lenders with the greatest share of used-car loan origination units among franchised dealers in […] [Read More]

In his 10 years as president and chief executive officer with J.D. Power, Finbarr O’Neill helped lead the company through a time of expansion into data and analytics, as well as the integration of acquisitions such as the NADA Used Car Guide and the used car pricing consumer website, National Appraisal Guides. Now, with the […] [Read More]

The days of sports cars and luxury sedans dominating the lease market might be over. That’s according to car lease marketplace, Swapalease.com. In its first quarter 2019 Auto Lease Trends Report, Swapalease.com is asking the question, “Is the luxury sports sedan lease dead?” Swapalease.com executive vice president Scot Hall says luxury sports sedans are at […] [Read More]

Wantalease.com noticed Ford reversed many of the “generous discounts” on vehicle leases the Blue Oval offered in March by increasing monthly payments in April. According to analysis shared on Wednesday, site officials noticed the Ford Fusion, Taurus, Escape, Explorer and Expedition all experienced price hikes this month. Wantalease reported the Fusion had the highest increase at […] [Read More]

At NADA Show 2019 in San Francisco earlier this year, Dave Bates and Kasi Edwards of Reynolds and Reynolds talk about the dealer focus on increasing profit per customer, dealership employee productivity and efficiency, the impact of digitization on suspicious activity monitoring and more. Plus, the Reynolds execs share where they see dealers innovating. The […] [Read More]

With average federal tax refunding averaging more than $2,800, Swapalease.com sees the trend being a part of its approval lift seen in March. Approvals for vehicle-lease transfer application on the site came in at 70.7%, which is up from the February rate of 65.9% as well as the reading from last March of 67.3%. Swapalease […] [Read More]

How vehicles move through the wholesale market continues to evolve as evident by the new remarketing partnership announced on Tuesday by Auto Financial Group (AFG) and CarLotz. Through this relationship, AFG highlighted that its clients will have access to a comprehensive remarketing solution that’s designed to simplify their process and place vehicles for sale through […] [Read More]

After leading the company since 1997, Douglas May is retiring as chief executive officer of RVI Group. The retirement was effective Sunday.  RVI also announced that it will have co-CEOs to succeed May: Daniel Egan and Michael McGroarty. May will remain in an advisory capacity and continue as a member of RVI’s board of directors.   RVI noted […] [Read More]