Facebook and other social media platforms are certainly key to dealers in reaching shoppers. But the one that’s perhaps most useful may come as a surprise. Swapalease.com polled approximately 2,500 car shoppers in June and found that YouTube was most popular, with 43 percent using it in car research.  Facebook was second at 33 percent, […] [Read More]

In the first part of his series, Intellaegis president John Lewis offered three suggestions on creating a mock audit to prepare for a potential examination by the Consumer Financial Protection Bureau. To wrap up the blog endeavor for SWBC, a diversified financial services company that has interests in the automotive world along with insurance, mortgage […] [Read More]

The average per-vehicle amount automakers spent on incentives in July was up 12.5 percent over a year ago, leading some to wonder if we’re heading into dangerous territory. “The sky isn’t falling yet,” said Alec Gutierrez, senior analyst for Kelley Blue Book, “but we are on an unhealthy path." Gutierrez was speaking during a conference call […] [Read More]

With new-vehicle transaction prices climbing, automakers are ramping up incentives. In return, models are rolling over the curb at a pace that multiple analysts who sent their assessments to Auto Remarketing believe to be plateauing. One of the most relevant observations for used-car managers is what Edmunds.com noticed about new-vehicle leasing activity in July since […] [Read More]

Beware, drivers of older Honda Accords and Civics: Yours continue to be the most stolen vehicles in the U.S. That’s according to the National Insurance Crime Bureau’s annual Hot Wheels report identifying the 10 most stolen vehicles in the nation. The report examines vehicle theft data submitted by law enforcement to the National Crime Information Center […] [Read More]

More and more people seem to be questioning the value of car ownership, and millennials and seniors appear to be at the forefront of this trend. More new vehicles were leased in the first half of 2016 than during the first half of any other year, according to the latest Lease Market Report from Edmunds.com. And […] [Read More]

Today’s new cars may be chock-full of the latest technology and features, but that comes at a price. In fact, the average price of a new car is $33,801. Because many people cannot afford a large monthly payment (let alone buy a new car outright), there exists a healthy market for affordable used cars. Still, […] [Read More]

Certainly automakers and dealerships want buyers to pay a premium retail price for a certified pre-owned vehicle stemming from the reconditioning and other costs associated with the unit. But are consumers ready to pony up the extra cash or willing to finance that additional cost? The latest survey from NADA Used Car Guide gave OEMs […] [Read More]

In an effort to help edgy parents who walk into your showroom or submit an inquiry through your store website, U.S. News & World Report released a list of six vehicles the publication classified as the 2016 Best Cars for Teens. These models have advanced safety features, new technologies for novice drivers, top crash test […] [Read More]

The Justice Department filed a lawsuit this week in the Eastern District of Michigan to recover damages from the COPOCO Community Credit Union, alleging that the institution violated the Servicemembers Civil Relief Act (SCRA) by repossessing protected servicemembers’ vehicles without obtaining the necessary court orders. The SCRA protects the rights of servicemembers on active duty […] [Read More]