Beyond the Transaction: Overcoming customers’ affordability concerns through the financing process
Wednesday, Apr. 17, 2024, 03:41 PM
InfoSum, Experian seek to increase power of auto brands’ first-party data
Monday, Apr. 1, 2024, 01:28 PM
Ally picks former Discover, TD Bank exec as next CEO
Thursday, Mar. 28, 2024, 10:18 AM
Financial
Beyond the Transaction: The ins and outs of reinsurance
Wednesday, Apr. 17, 2024, 03:35 PM
Andrew Friedlander, Associate Editor
This feature is part of Auto Remarketing’s upcoming “Beyond the Transaction” edition, which is the May print issue of the magazine.
It is available for Cherokee Media Group Premium subscribers now.
There are still times, Justin Osburn said, when he can see the wheels spinning in a car dealer’s head as he explains to them how reinsurance works.
“When you understand it, it’s a no-brainer,” said the founder and CEO of Automotive Reinsurance Concepts, “but it can be complicated to explain to somebody how it works, which can create fear. Because anytime you start using words like ‘offshore company tax advantages’ and ‘IRS,’ you can get this thing running through a dealer’s head like, ‘Well, what does that mean? And who are you?’”
Fortunately, those sorts of conversations are ... [Read More]
Flexcar brings its vehicle subscription service to Rhode Island
Wednesday, Mar. 13, 2024, 01:22 PM
Auto Remarketing Staff
Flexcar is bringing its vehicle subscription service to Rhode Island. The company announced consumers in the Providence area can now sign up for monthly subscriptions, choose their vehicle and have it delivered to their home. Flexcar chief operating officer Ryan Quinlan said while Rhode Island residents drive an average of less than 10,000 miles per […] [Read More]
COO Mitchell to succeed retiring Money at helm of AFC
Wednesday, Feb. 14, 2024, 11:01 AM
Auto Remarketing Staff
OPENLANE has decided on a new leader for its floorplan operation. Will Mitchell, who has served the past three years as AFC’s chief operating officer, has been promoted to the floorplan financing provider’s president, parent company OPENLANE announced. Mitchell will assume that role effective April 1, succeeding Jim Money, who announced his plan to retire […] [Read More]
PODCAST: Autonomy CEO Scott Painter returns to show
Friday, Dec. 15, 2023, 10:35 AM
Auto Remarketing Staff
Autonomy founder and CEO Scott Painter returns to the Auto Remarketing Podcast for a wide-ranging discussion on electric vehicle accessibility and affordability, the insurance industry’s relationship to EVs and car subscriptions, Autonomy’s recent partnerships with Deloitte and others, plus much more. Listen to the conversation in the window below. [Read More]
Honda, Acura add leasing option to CPO programs
Thursday, Dec. 14, 2023, 09:00 AM
Joe Overby, Senior Editor
Customers now have the option to lease certified pre-owned Honda and Acura vehicles, American Honda Motor Co. announced Thursday.
The leasing option is the latest addition to the automaker’s CPO program, which recently expanded to allow vehicles from ages 6 to 10 through the respective HondaTrue Used and Acura Precision Used Programs.
Eligible models include ... [Read More]
PODCAST: Trust Science’s Colin Tran on finding opportunity in volatility
Friday, Dec. 8, 2023, 10:13 AM
Auto Remarketing Staff
Colin Tran of Trust Science is back for another episode of the Auto Remarketing Podcast, talking this time from the Used Car Week conferences in Scottsdale, Ariz. Tran discusses how lenders and dealers can find opportunities in today’s volatile market, the differences between subprime consumers and the rest of the economy, and his rapid rise […] [Read More]
GoodCar launches Residual Values tool to give lessees a ‘timely solution’
Wednesday, Nov. 29, 2023, 11:41 AM
Auto Remarketing Staff
GoodCar, a provider of comprehensive vehicle data and history reports, has introduced its Residual Values tool, which it called “a timely solution for car lessees amid the soaring prices of used vehicles.” The new tool is designed to give consumers a quick and accurate estimate of their vehicle’s equity. Users can access the current residual […] [Read More]