As their list of sponsors grows, organizers of the North American Repossessors Summit (NARS), hosted by the American Recovery Association, highlighted that they’re partnering with Capital One Auto Finance to host the third annual NARS Golf Tournament. This year’s event will be held on March 14, and the profits will help support the Boys & […] [Read More]

January was a great month for some models and not so great for others according to a Cars.com report on used-vehicle pricing increases and decreases. The model with the largest percentage change for the month — based on Cars.com data on used-vehicle listings with model years ranging from 2012 through 2014 — was the Chevrolet Express 1500, a […] [Read More]

With all this focus on marketing to millennials, what about some of your older customers — perhaps the ones that have hit that proverbial bump in the road known as the “midlife crisis”? CarMax research shows these customers may not be on the lookout for the stereotypical red convertible that goes along with passing the […] [Read More]

Along with explanations for why lease residuals will be under pressure and late-model depreciation will be considered as “volatile,” the latest joint vehicle depreciation report from Black Book and Fitch Ratings indicated vehicle depreciation is expected to accelerate in 2015. Analysts came to that forecast based on increased used-vehicle supply and larger off-lease volumes placing […] [Read More]

The tie between certified pre-owned sales and off-lease volumes is two-fold — and perhaps more interrelated than you might think. That was evident when Cox Automotive chief economist Tom Webb explained during a press conference why he is confident CPO sales will break a record for the fifth straight year. “I can confidently predict that because […] [Read More]

Recovery Specialist Insurance Group reminded repossession agents about a crucial part of a Consumer Financial Protection Bureau bulletin, especially if these agents have gone through specialized recovery training during the past two years. RSIG board member Jim Clark focused on whether agencies currently are compliant with the CFPB’s  expectation that the banks and nonbanks conduct […] [Read More]

If the latest analysis from CNW Research is any indicator, the number of cars you see out on the lots may be down a bit, with dealers having pulled back on inventory ahead of chillier months. But don’t expect that to last. “In part due to the anticipated winter selling season, many dealerships reduced inventory going […] [Read More]

Auto Remarketing recently took a look at trends revealed in the recent MTV study, “Millennials Have Drive,” that implies millennials might be more interested in the cars on your lot than you might think. The first portion of the MTV study debunked myths left and right, showing millennials might be far more interested in vehicle purchases […] [Read More]

Credit union lease program CU Xpress Lease announced Thursday it has partnered with Affinity Federal Credit Union. Located in Basking Ridge, N.J., Affinity is New Jersey’s largest credit union and will begin offering automotive leasing to its members in New Jersey, Pennsylvania and New York on March 16. Scott Witherspoon, the senior vice president and […] [Read More]

Even though some automotive analysts worry that millennials simply don’t drive as much as previous generations and put much less emphasis on vehicle purchases, recent studies suggest otherwise. First off, TrueCar projects millennial-generation shoppers will purchase 4.24 million cars and light trucks in 2015, equating to a whopping $135 billion in total revenue. Backing up […] [Read More]