Colonnade Advisors offered quite a bullish forecast for the penetration level of vehicle service contract purchased by consumers that should make F&I managers and VSC providers smile now and seven years down the road. The boutique investment bank and registered broker dealer providing investment banking services to F&I firms and other financial services companies released […] [Read More]

Back to school means once again the approval rate for lease transfer applications is headed back down.  Swapalease.com reported vehicle lease credit applicants registered just a 54.3 percent approval rate for July, explaining the decline both on a sequential and year-over-year basis stemmed from in part because of college students leveraging the site in hopes of […] [Read More]

There were 2.10 million used-car transactions in the United Kingdom during the second quarter, which was down 0.7 percent year-over-year, according to revised data from the Society of Motor Manufacturers and Traders. As for year-to-date numbers, they have climbed more than a percent. Used-car transactions through two quarters have come in at 4.24 million, which is up 1.3 percent […] [Read More]

In this week's episode, Cherokee Media Group director of meetings and events Marilu McQuilkin stops by to share some important updates on Used Car Week, including registration and agenda information. Plus, get a sneak peek at the conference's sweet digs in Palm Springs, Calif. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  You can also […] [Read More]

In addition to the used-car financing options it has been offering on TRED since April, Ally is now providing GAP insurance and vehicle service contracts to buyers on the peer-to-peer online car marketplace. The partnership between the two companies was first announced in May. At that time, Ally was already accepting finance applications via TRED […] [Read More]

Auto Remarketing confirmed multiple online reports from Atlanta-area media outlets that Cox Automotive is reducing its global workforce by nearly 1,000 employees, but the company said it does not “anticipate any additional large-scale reductions.” The reports first surfaced late on Friday afternoon, and Cox Automotive corporate spokesperson Lou Laste replied to a Monday morning inquiry […] [Read More]

More than half of U.S. drivers don’t fully read their car insurance policies before signing on, according to Enterprise. New research recently released by the company based on a survey of 1,046 U.S. drivers found that 53 percent respondents fail to read their entire policy when purchasing new coverage. Drivers commonly don’t have a solid plan […] [Read More]

If an “up” walked into your showroom or went by your dealership website searching for a subcompact model, new information from Jumpstart Automotive Media shows there’s a good chance that shopper was looking for the smallest versions of a CUV or SUV. This week, Jumpstart Automotive Media released its monthly share of shopper interest data, which […] [Read More]

In this week's episode, Jason Barrie of Dealertrack F&I and VinSolutions chats with Joe and Nick about millennials and car buying, technology at auto dealerships and more. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  You can also listen to the latest episode in the window below. All episodes can be found on our Soundcloud […] [Read More]

New research shows the United States is a model for how used vehicles can be a profitable industry growth segment for other places in the world, including the use of certified pre-owned programs. Strategic consultancy firm Frost & Sullivan cited four reasons why the used-vehicle market in Latin America is “transforming.” While noting factors common […] [Read More]