As Edmunds offered five suggestions for how to spot a flood-damaged vehicle, new research from Carfax released on Wednesday suggested that drivers may be behind the wheel of more than 325,000 previously flooded vehicles. Analysts computed that number is a 20-percent increase from 2016. Carfax also compiled a list of 10 states that have the […] [Read More]

Lease transfer approvals in August nearly hit what Swapalease.com classifies as “healthy.” The site reported on Wednesday that vehicle lease transfer credit applicants registered a 68.3 percent approval rate for August, just shy of that “healthy” mark that Swapalease.com pegs at 70 percent. Analysts pointed out the credit approval rate for August saw a noticeable […] [Read More]

Nick is back to handle hosting duties as this episode features John Giamalvo, the vice president of dealer services at Equifax. Their conversation touches on how dealers are enhancing their financing processes both before and after vehicle delivery. Check out the conversation below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  You can also […] [Read More]

With two Category 4 hurricanes striking the United States during the past two weeks, the National Automobile Dealers Association offered 10 inspection tips for prospective buyers to spot flood-damaged vehicles. As what’s left of Hurricane Irma cut through Georgia and Alabama on Monday, the impact left a day earlier in Florida was significant. According to […] [Read More]

German drivers are most loyal to the Ford brand, according to IHS Markit which tracked nearly 340,000 vehicle transactions that occurred in Germany between August 2016 and July of this year. IHS Markit's latest analysis on German shoppers' loyalty found that an overwhelming 73.5 percent of German consumers return to market for Ford brand vehicles. The business […] [Read More]

Make it four straight months of record-high readings for the Manheim Used Vehicle Value Index.   In August, wholesale vehicle prices — adjusted for mix, mileage and seasonality — were up 0.75 percent from July, according to the latest report on the index compiled by Cox Automotive chief economist Jonathan Smoke. The resulting measure of […] [Read More]

Automakers are continuing to shift more dollars from their historically massive broadcast TV buys to digital video spends. However, for many, digital video is still a new frontier – and one that requires special considerations if marketers are to take advantage of its unique engagement opportunities and ability to drive “butts in seats” (i.e. sales). The auto […] [Read More]

We are back in the studio this week. And in this episode, Joe chats with Serge Vartanov, chief marketing officer of AutoGravity, one of the key players in fintech and digital disruption in auto finance. Check out their conversation below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  You can also listen to the […] [Read More]

More money is flowing into companies that cater to alternative forms of vehicle use; this time with plenty of European and Asian involvement. Peer-to-peer car sharing marketplace Turo said this week it has raised $92 million in Series D funding. Daimler and SK Holdings — one of South Korea's largest conglomerates — led the round, […] [Read More]

The weather-related developments connected to the used-vehicle industry arise seemingly by the day now that it’s near the height of hurricane season. While the National Auto Auction Association Standards Committee made an adjustment to the NAAA arbitration policy, Group 1 Automotive described what shape that dealer group finds itself in the aftermath of Hurricane Harvey. […] [Read More]