The auto remarketing industry is at an interesting point in its history. The number of off-lease vehicles continues to rise, and wholesale prices are dropping in tandem. As more and more cars roll through, auto remarketers could easily get caught in a higher volume, lower margin cycle. Within this evolving environment, a fresh strategy can […] [Read More]

There was a 1.2-percent year-over-year gain in global new-car sales in March, according to Scotiabank, but the goings-on in China, Latin America and elsewhere perhaps tell a more intriguing story. The aforementioned sales hike was driven by U.S. and emerging markets, which made up for a “temporary” slowdown in Western Europe, Scotiabank reported in its […] [Read More]

Wantalease.com spotted a monthly lease offer for a full-size pickup on par with compact cars and likely less than half of what a monthly payment attached to a retail installment sales contract might be. Going for just $169 per month, Wantalease.com noticed that consumers on its site can secure a Ram 1500 Crew Cab. That’s […] [Read More]

Finance companies are fighting a cyber-war against criminals who carry out millions of daily attacks in a bid to steal personal data and defraud businesses of millions of dollars. That is the stark message from data security expert Royce Curtin, managing director of global intelligence at Barclays, who warns finance companies that they must constantly […] [Read More]

Dealers who use XLerate Group to acquire their inventory now have more financing flexibility. XLerate Group announced on Tuesday that dealer floorplan company XLFunding is now available at all of its auction locations. XLFunding is a full-service flooring company with flexible tiers, local title services and a simple credit line process for dealers. As part […] [Read More]

JM Family Enterprises will have a new chief executive officer on July 1. Replacing Colin Brown, who was appointed CEO in 2003 by company founder Jim Moran, will be Brent Burns, who is JM’s current president and chief operating officer. Brown will remain board chairman and provide guidance to Burns in the new post. Burns has […] [Read More]

While 2-year-old and 3-year-old cars might be the most attractive used choices for some, there are parts of the country where there’s considerable demand for older options. In fact, research shows that Americans who buy the oldest cars live in Portland, Ore. Out of the top 50 most populated metropolitan areas in the United States, Portland is […] [Read More]

Despite happiness about getting a new car, consumers' feelings about the actual buying experience sometimes don't quite match such positive sentiment. Negative impressions that stem from past experiences at dealerships can compete with the joy that car buyers often associate with the act of obtaining a new ride, according to survey data released by Shift Technologies on Thursday. This was one […] [Read More]

Ford, Nissan and Toyota brands have been recognized for delivering multiple models that carry the lowest fleet lifecycle cost. The three brands took home nearly half of the 2018 Vincentric Best Fleet Value in America awards this year, Vincentric announced Tuesday. This year, Ford earned a total of seven awards. In addition to the American […] [Read More]

Automotive finance has gone from a world of paper stacks and faxes to smartphones and apps. It’s also starting to become a lot more efficient, as players like SpringboardAuto aim to provide end-to-end car financing online. Hear what Jim Landy, founder and chief executive of SpringboardAuto, had to say about this auto fintech evolution in the […] [Read More]