In an analysis released earlier this month, CNW said that September could have brighter days in store for the used-vehicle market following a rather tough August.  Seems CNW was right on the money with its predictions, as used-car sales this month will likely beat year-ago figures by more than 2 percent. But that is not the only positive sign […] [Read More]

One of the presenting sponsors of the Re3 Conference, Digital Recognition Network, announced three major personnel moves on Tuesday, including the return of the company founder. After departing from Recovery Database Network about a week ago, Todd Hodnett is returning to DRN as executive chairman. In this role, Hodnett will focus on the overall strategy […] [Read More]

Organizers of the North American Repossessors Summit (NARS), an industry event hosted by the American Recovery Association, announced their keynote speaker. Chosen for the role at the seventh annual event is Commander Rorke Denver, a decorated SEAL commander, training officer, author and actor. Denver will share military strategy and leadership lessons that attendees can use […] [Read More]

With the Consumer Financial Protection Bureau intensifying its regulatory aim at the auto finance industry, Recovery Database Network (RDN) is launching a new technology product called VendorVision, which aims to help lenders efficiently and transparently manage third-party vendor compliance. RDN highlighted VendorVision is a secure, Web-based compliance management platform. Organizations can define their compliance standards, […] [Read More]

Lobbying efforts by organizations such as the National Automobile Dealers Association prevented dealerships from being directly regulated by the Consumer Financial Protection Bureau when it was formed four years ago. But Automotive Compliance Consultants general counsel David Missimer explained how the CFPB’s latest moves could greatly influence how stores operate — especially in the F&I […] [Read More]

For those of our readers who participated in the remarketing of off-lease vehicles in the late 1980s and early 1990s, you will remember the scenario. Vehicle manufacturers, through their captive finance companies, in a effort to keep the factories running at full capacity, and with a goal of maintaining and gaining market share, offered aggressive […] [Read More]

If you need an extra push to move compact SUVs, here’s one selling point that may help: they hold their value tremendously well. That was one of several reasons mentioned in a new series from senior analyst Jessica Caldwell and the team at Edmunds.com explaining why this segment’s growth has been so rapid — and […] [Read More]

The new-car leasing market has swarmed back in recent years and is arguably as strong as it has ever been. And while there isn’t nearly as much industry discussion, data or consumer options when it comes to the pre-owned side of leasing, numbers shared Friday with Auto Remarketing shed some light on how the used-car […] [Read More]

Does used-car leasing, particularly in the certified pre-owned space, make sense? At least one industry leader connected to the leasing side of business is saying yes — as long as it is done correctly. Around the time of the recession, many shied away from leasing, particularly on the used-car side. Meanwhile, new-car leasing has roared backed. […] [Read More]

Swapalease.com noticed consumers are looking for a specific kind of lease to assume — truck leases with less than eight months remaining on the contract. Site officials believe this trend is developing because lessees in certain trucks still hold a positive equity position with a few months left in the term. Swapalease said that compact SUVs […] [Read More]