Swapalease.com recently learned the latest year-to-date credit approval average came in slightly lower in September than in August. Site officials said September’s reading settled at 72.7 percent, down slightly from a 74.5-percent approvals rate year-to-date in August. The average year-to-date approvals rate considered to be healthy is 70 percent, according to the company. Swapalease highlighted […] [Read More]

Digital Recognition Network indicated that its license-plate recognition solution determined that more than 55 percent of the assets the company finds are more than 100 miles away from where previous documentation said the vehicle should have been. Chief executive officer Chris Metaxas explained how finance companies can use that information not only as a tool […] [Read More]

Used-vehicle prices this month stayed at relatively the same spot they were during their low point in June, according to Cars.com, which said the used model with the most significant price movement in October — up or down — was the Nissan Quest. The minivan’s prices on Oct. 1 was down 3.6 percent from the […] [Read More]

Japanese brands usually make up most of the honorees in Consumer Reports Annual Auto Reliability rankings, but the 2013 edition includes a good representation from domestic and European automakers. In fact, three of the Top 10 spots went to those other OEMs as Audi, Volvo, and GMC captured accolades in the survey released on Monday […] [Read More]

This morning, Auto Remarketing and SubPrime Auto Finance News announced the last of a total of four honors to be handed out during Used Car Week, highlighting the inaugural winner of the Auto Finance Executive of the Year, presented by Black Book Lender Solutions. Earning this award from a group of talented executives who specialize […] [Read More]

Unfortunately, more options for advertising and digital marketing also leaves more room for mistakes. In an effort to help dealers avoid what he calls the “common mistakes” of vehicle advertising, Potratz Partners Advertising chief marketing officer Dennis Galbraith covered this very topic in his latest “Hard Facts” video report. Galbraith starts off by breaking advertising […] [Read More]

Automakers are writing lease deals at origination levels rarely seen nowadays, but CNW Research’s analysis of current contracts prompted the firm to insist a severe financial storm front could be coming. CNW indicated that automakers’ drive to increase leasing share is putting them on a track to lose from $5 billion to $8 billion within […] [Read More]

As Prime Minister Stephen Harper announced the Canadian government had reached a free trade agreement with the European Union late last week, many of Canada’s OEMs and manufacturers were already reacting positively to the move.  The government has said that, upon ratification, the Comprehensive Economic and Trade Agreement will work to ramp up trade and […] [Read More]

After a 16 day partial government shutdown ended last week, the effects on the economy as a whole may be evident — but the question of how the event has impacted the automotive industry is still a bit hazy. CNW Research tackled this very concern in its latest Retail Automotive Summary, but CNW president Art […] [Read More]

Though CPO sales are roaring along this year at an unprecedented pace, it is sometimes difficult for dealers and manufacturers to convey the value of a certified pre-owned vehicle through advertising. Why should I buy CPO rather than used? Why does it cost more? What are the benefits? These are all questions most dealers answer […] [Read More]