While at least in some places of the country the weather is improving, over at Swapalease.com, site officials are noticing an enhancement to lease-transfer approvals, too. According to an update shared on Tuesday, Swapalease.com reported vehicle lease credit applicants registered a 67.3 percent approval rate in March, a rise from the February rate of 65.2 […] [Read More]

Before dealer principals and store managers brush aside the issue by stating something like, “I’m a car guy, not an accountant,” NADA Academy instructor Eric Dreisbach shared eight potential pitfalls of a financial practice many dealerships might use — work-in-process (WIP) accounting. In a blog post setting up his foundational concerns, Dreisbach explained that officially […] [Read More]

At the expense of sedans, customer loyalty to SUVs and CUVs has reached record levels. This trend is expected to continue given the steady growth of utilities and pickups, according to a recent analysis. In fact, over the next three years, there’s expected to be up to five times as many new utility nameplates introduced […] [Read More]

Toyota and Honda auto dealers deliver the best customer experience in the country, according to a ranking based on a survey of 10,000 consumers released Thursday. Of the 18 auto dealers included in this year’s Temkin Experience Ratings, Toyota earned the highest rating in the industry, and Honda followed closely behind in second place. Meanwhile, among the 20 […] [Read More]

RVI Group is partnering with the Maryann Keller & Associates global automotive strategy consultancy to provide subscription-based analytics as part of a new division launched by the company, RVI Analytics. These analytics will be provided to capital markets firms that have auto-related investments. RVI is launching the subscriptions in July. Joe Halovanic, recently hired by […] [Read More]

Dealers who purchase vehicles through non-auction channels can now save time during the funding process with the help of a new feature NextGear Capital has added to its Account Portal platform. Once notice of title is given, the new feature called Rapid Pay allows eligible dealers to initiate financing on vehicles purchased from wholesalers, customer […] [Read More]

Whether it is sorting out the specific type of vehicle to purchase or deciding on what dealership to visit, a new study confirms that social media reviews are a growing source of reference for consumers across the country. The MaritzCX study released Tuesday, titled, “The Impact of Social Among Car Buyers,” highlights the growing influence […] [Read More]

Throw out most any topic in an interview, and Sandy Schwartz is likely to have a thoughtful, educated response. But if you really want the Cox Automotive president to talk with some passion, ask him a question on politics and economics. Like, for instance, the impact that automotive vendors might see from a tariff on […] [Read More]

With a record number of off-lease vehicles elevating supply, used-car interest continues to grow, according to newly released car shopper interest data from Jumpstart Automotive Media. The number of people cross-shopping used is climbing. Used cross-shopping is up 19 percent across Jumpstart, according to the company’s eighth annual Industry Trends and Insights book. Interestingly, the luxury […] [Read More]

Toyota and Porsche shoppers can rest easy when considering their next vehicle’s expected deprecation before buying. The two brands are winners of the mainstream and luxury categories, respectively, in the 2018 Edmunds Best Retained Value Awards. The awards are based on the 2018 model-year vehicles with the highest projected residual values after five years. Toyota […] [Read More]