Three major markets and a full line of wholesale financial services for auto dealers are the news from SunTrust Banks this week. On Tuesday, SunTrust Banks announced the expansion of its wholesale automobile dealer financial services to Dallas, Chicago and Boston, offering a full line of wholesale and indirect banking products to dealers in these […] [Read More]

For the first time, American Recovery Association is hosting an upcoming series of nationwide leadership workshops for repossession agency managers and owners. The events are being presented by Doug Duncan, president of TalentValue. The first session is set for Friday at the Hilton BWI Airport in Baltimore. The points Duncan intends to cover include: —The […] [Read More]

The second half of Auto Remarketing's 2014 editorial calendar kicks off with our annual Used-Car Market Intelligence Report. In this year's special section, we hone in on four key areas impacting how dealers conduct business — digital marketing, compliance and regulations, leasing and off-lease volumes and developments in dealership employment — plus findings from the […] [Read More]

Are you a cars’ geek? Do you know all about cars, latest automotive technologies, and rare automobiles? Then your place is on autoremarketing.com – the website where the newest information about vehicles is published on a regular basis. The site has become popular in a brief time. And how could it not, since it manages […] [Read More]

Though incentive levels remained essentially flat in May, spending still came in at the second highest rate seen this year. That’s according to Cars.com data, as the site reported on Wednesday that overall incentive spending in May came in at approximately $2,680 per vehicle. NADA Used Car Guide also reported on incentive spending this week, […] [Read More]

At the same time chief executive officer Mary Barra faced General Motors shareholders during the company’s first annual meeting with her in control, Swapalease.com noticed in its latest report on vehicle incentives from May that one particular trend jumped out at site executives. Despite all the attention associated with the automaker’s recalls, Swapalease reported that […] [Read More]

A combination of factors prompted research firm IBISWorld to report that revenue for repossession agencies is projected to increase during the next five years. IBISWorld analyst Maksim Soshkin explained what is sparking that forecasted revenue rise through 2019 includes increasing per capital disposable income levels and declining unemployment predicted to create more consumer spending. As […] [Read More]

Although the average age of a vehicle on the road today is steady from a year ago and appears to have reached a “plateau,” the number of vehicles out there has hit an all-time, according to IHS Automotive. And in what’s potentially good news for dealers and their certified pre-owned operations, IHS is forecasting strong […] [Read More]

In a trend that was found to be rather consistent across different generations, used-car shoppers visiting CarMax stores have been particularly drawn to the Nissan Altima. According to the inaugural CarMax Used Car Shopping Report, the Altima is test-driven more often than any other vehicle at the company’s stores and is also the top-selling vehicle. […] [Read More]

Last month, the seasonally adjusted annualized rate for used-vehicle sales was the strongest it has been all year, according to Edmunds.com senior analyst Jessica Caldwell, who pinpointed May’s used SAAR at 36.3 million. Calling it a “strong month for used sales,” Caldwell told Auto Remarketing that an ideal financing environment for franchised dealers was among […] [Read More]