The downward impact on used values from a $1,000 cash incentive on a new car is more than three times as high as the impact from a finance incentive of the same amount. And it’s more than six times as high as the value reduction from a $1,000 lease incentive. That’s according to the latest […] [Read More]

The Costco Auto Program has shared with Auto Remarketing its top 10 most-requested certified pre-owned vehicles for November, and the list shows two brands, in particular, leading the pack by a wide margin. The Honda and Toyota brands combined for eight of the 10 spots, with Lexus and BMW each earning a spot, as well. […] [Read More]

According to CNW Research’s latest analysis, days’ supply of used vehicles and pent-up consumer demand for used models are rising in tandem. Those pent-up demand trends appear to be particularly good news for dealers since CNW president Art Spinella said “the dam is breaking.” The firm reported in latest Retail Automotive Summary that the average […] [Read More]

While staying at what analysts are calling manageable levels, TransUnion reported jumps in the auto loan delinquency rate on both a quarterly and yearly basis. TransUnion indicated the ratio of borrowers 60 days or more delinquent on their auto loans increased to 1.04 percent in the third quarter. The level marked a rise from the […] [Read More]

The J.D. Power 2013 U.S. Consumer Financing Satisfaction Study showed that those initial steps in the F&I process determine which companies score high marks with consumers and which ones do not. According to the study released on Monday, lenders that provide excellence in the servicing and onboarding experiences from the beginning of the loan or […] [Read More]

The General Motors Foundation on Tuesday announced the recipients of $2.9 million in grants for education. The grants will support 26 leading universities and partnering organizations across the U.S., through the foundation’s University/Organization Partner Program. The initiative provides funding to advance secondary education curricula in science, technology, engineering and mathematics, also known as STEM, information […] [Read More]

National Auto Care Corp., an administrator of vehicle service contract programs, said today its merger with Family First Dealer Services, a company whose core focus is on providing unique F&I product offerings, has been completed. As announced earlier this month in Auto Remarketing, NAC was selected to be the administrator of CarMark Certified, a warranty […] [Read More]

Del Mar Recovery Solutions recently chose RISC Vendor Compliance Reporting (VCR) database management software to monitor and maintain its third-party vendor compliance.  By choosing RISC VCR software, Del Mar Recovery Solutions explained that it now can efficiently manage its repossession agent network in order to maintain the industry’s highest compliance standard. Del Mar’s agent partners […] [Read More]

Evidently, U.S. lawmakers still are unclear about how the Consumer Financial Protection Bureau is going about the policing of indirect auto lending, as another Senate democrat and House republican fired more questions to the new agency. Within four days following this month’s CFPB’s Auto Finance Forum, a member of Senate Banking Committee and the House […] [Read More]

Swapalease.com executive vice president Scot Hall said he believes price trends in the lease market could get “particularly interesting” in coming months, given how lease penetration has remained in the 25-percent ballpark. And there were some rather interesting lease pricing trends spotted by Swapalease in the month of October, as well. Overall, Swapalease found that […] [Read More]