With modern vehicles containing complex components that can be quite expensive to repair or replace, the value proposition for including an extended warranty can be even more compelling for dealership finance managers to offer their customers. GWC Warranty area vice president of strategic alliances Wendy Pratt shared some recommendations with Nick about how stores can […] [Read More]

Along with his legal expertise as director of compliance for Reynolds Document Solutions, Terry O’Loughlin also possesses deep knowledge of history, especially in connection with paper and how it’s used for financing contracts used by dealers. Nick recorded this episode during this year’s National Automotive Finance Association annual conference in Plano, Texas, as O’Loughlin offered […] [Read More]

The used-vehicle market, both retail and wholesale, is skewing younger. Two out of every three used vehicles retailed by franchised dealers in the first quarter were 4 years old or newer, according to the latest Used Vehicle Report from Edmunds. And on the wholesale side, there has been a 5.4% year-to-date increase through May for […] [Read More]

By integrating TransUnion’s DriverRisk into its current offerings, DealerPolicy now has access to violation data that it says speeds up the quote-generating process. The integration also brings the benefit of increasing provided quote accuracy, according to the company. DealerPolicy, an insurance marketplace for automotive retailers and their customers, says the right data is important to […] [Read More]

As part of Auto Remarketing’s Top 100 Used Car Dealers: Independent Edition, we highlight some of the leading lenders in the space. The Top Used-Car Lenders Among Independent 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  independent dealers in 2018. ­ The Experian […] [Read More]

When Toyota first launched the world’s first mass-produced hybrid — the Prius — in 2000, it promoted the vehicle’s 41 miles per gallon combined city/highway. Nineteen years later, the Prius Eco’s lighter lithium ion battery improves by 15 miles per gallon at 56 MPG combined. That is one reason why Toyota performed well in the […] [Read More]

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]

Economists might have more challenges in making forecasts nowadays than meteorologists, but Cox Automotive’s Charlie Chesbrough was up to the task during this Auto Remarketing Podcast with Nick. The senior economist and senior director of industry insights discussed what might happen with interest rates, incentives and how the used-vehicle industry is equipped to handle change during […] [Read More]

The used-car market in the second quarter appeared to have been stronger for dealers than it was in the first quarter, according to data released Monday by Cox Automotive, but used supply is looking a bit trickier for both independent and franchised dealerships. And that may raise a question as to how long the used-car […] [Read More]

The spring season uplift in wholesale vehicle prices may be drawing to a close, but the threat of tariffs could drive prices right back up, according to used-car value analyses released Friday. “We don’t expect the strong spring season to influence the trend in the coming months. The overall depreciation is expected to fall further […] [Read More]