Used-car buyers are shelling out close to 4-percent more money on their down payment than they were a year ago, according to data released Friday by Edmunds. And their down payments — which averaged $2,529 in May — are more than 12 percent higher than five years ago. Those numbers are even more pronounced on […] [Read More]

Car Keys Express founder and owner Mark Lanwehr has made the cut as a finalist for EY’s 2017 Entrepreneur of the Year Award in the Ohio Valley region, the company announced.  A panel of independent judges chose Lanwehr a finalist for the regional award, whose winners will be named during a special gala event at the Hyatt Regency Hotel […] [Read More]

In Episode 5 of the Auto Remarketing Podcast, Joe Overby sits down with Marilu McQuilkin and Mor Aframian to talk about the upgrades to Used Car Week, which has a brand-new look and a bit of a new format this year.  Plus, we discover that Marilu is a C-SPAN dork, Joe loves "Star Wars" and Mor […] [Read More]

Rebranding can be a scary proposition. As anyone who has changed their style can attest, it’s risky yet potentially rewarding. I’ll give you two personal examples: Spring 2000: A 17-year-old during Eminem mania, I bleached my already strawberry blonde hair.  At a lifeguard meeting soon after, the manager of the pool where I was working […] [Read More]

Used-car buyers who shop online spend 62 percent of the car-buying process there: online. That's according to Cox Automotive’s latest Car Buyer Journey Study, which examines consumers’ car-shopping behavior during the car buying process and how they use their time. Cox Automotive found that during the chunk of time car buyers spend online, they research and shop […] [Read More]

Remember 1991? The Gulf War intensified. Then-Arkansas Gov. Bill Clinton began his trek to the White House and the Dow Jones Industrial Average closed above 3,000 for the first time. Fast forward 26 years and the Middle East remains unsettled, Hillary Clinton missed on her second attempt at the presidency and the stock market now sits […] [Read More]

White Clarke Group chief executive officer Brendan Gleeson received the Auto Finance Personality of the Year award during the International Auto Finance Network (IAFN) event conducted last week in London. The IAFN Awards dinner celebrated excellence and innovation within the automotive leasing and lending industries. Organizers indicated the Auto Finance Personality of the Year is […] [Read More]

Bank of America is enhancing its mobile offerings in an effort to boost originations with its participating dealerships. On Monday, bank officials highlighted that they launched new capabilities for mobile clients to complete the auto financing process with the company while searching for a vehicle from dealerships within the bank’s network. Plus, customers can complete […] [Read More]

The wave of off-lease vehicles volume is at its “high tide,” according to Scotiabank, which says lease return numbers — and their subsequent impact to used-car prices — should begin to calm down. The peak in leasing growth was in 2013-14, the company said in its latest Global Auto Report. Lease penetration rates grew at […] [Read More]

To help dealers generate interest in F&I protection, RoadVantage said it has released a new series of free point-of-sale product videos which inform customers about F&I protection when they purchase a vehicle. Like an audiovisual product brochure, the videos are short and product-specific, according to the company. The series focuses on the benefits of specific products, […] [Read More]