Swapalease.com reports lease credit approvals entering August rose as sharply as summertime temperatures, registering an increase of 17.5 percent above July activity. All told, the volume of vehicle lease applicants who were approved to take over a contract on the Swapalease.com marketplace during July came in at 84.6 percent. The site also noted the year-to-date […] [Read More]

Dealers making the most out of expected gains in used-vehicle supply are likely to be among those “edging out the competition,” according to the Dealership Action Report released today by DealerSocket. These cars tend to be rather profitable and fast-turning for dealers, and time is of the essence to get your pre-owned department in order. Especially […] [Read More]

Vendor Transparency Solutions (VTS), a leading compliance management system for the auto finance and recovery industries, now offers a comprehensive continuing education portal to its clients. The company insisted that it created the portal stemming from regulators requiring financial institutions and their service providers to conduct ongoing training for their employees to ensure knowledge of […] [Read More]

Even though S&P Dow Jones Indices and Experian just reported auto loan defaults still are near the all-time low, Digital Recognition Network is continuing to counsel finance companies about how its data can help not only during the recovery process, but also with mitigating risk during underwriting. DRN chief executive officer Chris Metaxas explained the […] [Read More]

Auto transportation and logistics company Jack Cooper announced Monday that it raised over $20,000 for local charities from hosting a recent day-long volunteer event for its employees and company partners. The Used Car Week sponsor says the proceeds will benefit seven charities in the Atlanta metro area and were raised from over 150 volunteers from […] [Read More]

Take a quick drive through most communities with more than a few traffic lights and you’ll likely find what dealers might describe as “car row.” You know; it’s that stretch of retail-filled highway where franchised stores especially are clustered together. Well, a wide array of companies are bolstering their resources to take on “this new […] [Read More]

It was an exciting seven days for our conference team here at Cherokee Media Group. In the same week that we and the National Independent Automobile Dealers Association announced that NIADA is joining Used Car Week as one of its industry partners, a quintet of new sponsors (including NIADA) signed on to Used Car Week. […] [Read More]

In the State of the Automotive Finance Market report released Wednesday by Experian Automotive, Melinda Zabritski detailed the healthy trends being spotted in car financing through the second quarter of this year. Prior to this report, Zabritski shared a few other auto financing-related trends as part of Auto Remarketing’s annual Power 300 issue. Below is our […] [Read More]

Numerous reports highlighting the alarming depreciation rate of electric vehicles have been surfacing, and this trend could be a challenging one for the industry. In fact, many of the 2012 model EVs now cost less than their gas counterparts — surprising, after new premiums were so steep just a few years ago. And Larry Dixon, […] [Read More]

As we continue our series of features from the Power 300 issue of Auto Remarketing, we turn to a Q&A with Avi Steinlauf, chief executive officer at Edmunds.com. In this story, Steinlauf discusses the grassroots technological ventures at Edmunds, the off-lease environment, the growing online retail space, the certified pre-owned market and more. Auto Remarketing: […] [Read More]