Auto Financial Group, one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, enjoyed more client signings during the fourth quarter. During the quarter, AFG said it signed a total of seven new credit unions and six institutions agreed to join the AFG Balloon Lending Program. According to a […] [Read More]

Auto dealers looking forward to increased traffic at tax refund season might be in for an unpleasant surprise this year. Last year’s tax reform legislation is part of the reason that early refund amounts are down from last year, according to a recent Autolist study. Also, younger buyers are less knowledgeable about the legislation, and […] [Read More]

If you’re the type of TV watcher who multi-screens, you may have noticed that Cars.com was particularly active on social media during the Super Bowl — responding to the commercials of everyone from Amazon Prime Video and WeatherTech to Burger King and Michelob Ultra. But the posts weren’t just random reactions. Rather, they were part of […] [Read More]

The black tarp was pulled off a stock car in the middle of Times Square, revealing a new paint scheme for the Chevrolet that, in addition to the famed neon No. 48 of NASCAR legend Jimmie Johnson, now featured the logo of Ally. Andrea Brimmer, Ally’s chief marketing and PR officer, got the chills. And not […] [Read More]

Lexus recently rolled out one of the latest attempts by automakers to launch a leasing program that bundles together insurance, scheduled maintenance and other services into a single payment. In light of how complicated projecting residual values are in conjunction with traditional vehicle leasing, Auto Remarketing gathered assessments from an array of industry experts who […] [Read More]

There was a bit of a slow start for the certified pre-owned car market at the outset of 2019, but that comes off what was the eighth straight record year of sales.   According to Cox Automotive, there were 2.70 million CPO sales in 2018, a 2.1-percent year-over-year gain. This marked another all-time high, and 2019 […] [Read More]

Nearly 80 Lexus dealerships in seven states are included in the launch of a U.S. program that has a traditional lease foundation with other components aimed at making driving the luxury brand more convenient. In the age of increased online shopping, automatic bill payments and the growing prevalence of minimalist lifestyles, Lexus acknowledged drivers are also […] [Read More]

It’s the quintessential hook to selling a certified pre-owned car. It has been inspected and reconditioned (and practically guaranteed) “good as new,” or close to it. And some more so than others. In a set of lists released Tuesday morning, Autotrader shared what it considers to be the 10 Best CPO Cars for 2019 and […] [Read More]

In the fourth of six panel discussions recorded at Used Car Week 2018, Joe Overby moderates a panel discussion with some of the leading economists in the used-car industry: Jonathan Smoke of Cox Automotive, Tom Kontos of KAR Auction Services and Tony Hughes of Moody's Analytics.  The full discussion can be found below. And stay tuned […] [Read More]

To buy new or used? Consumers who are debating that issue might be surprised that, according to a study from iSeeCars.com, certain models can be more economical when purchased new. The average new car costs 30.2 percent more than the 1-year-old used version of the same vehicle, according to the study, which analyzed more than […] [Read More]