AOL Autos recently shared three strategies aimed at making repossessed vehicles more appealing to consumers. The site emphasized that purchasing a repo unit can be a pathway to a more luxurious model from nameplates such as BMW, Jaguar and Cadillac. “Repos can be a good deal if you are smart and know what the market value […] [Read More]

Recent economic pressures have changed the landscape for how loan defaults will be managed.  Lenders and repossession agents now face an even greater threat of legal action from debtors.  In contrast to a year ago when repossession assignments were hitting record volumes, the recent economic upturn has had the opposite effect with repossession volumes dropping […] [Read More]

Officials from LeaseTrader.com and Edmunds.com believe greater amounts of consumers are having significant remorse about leasing a new vehicle. Why? The sites contend these individuals failed to research the effect their new unit would have on insurance premiums. Edmunds.com determined that leases currently are making up more than 20 percent of all new-vehicle transactions for […] [Read More]

Coinciding with last week’s Veterans Day, Budget Rent A Car launched three online options to funnel donations toward a nonprofit organization that raises awareness and provides programs and services for injured U.S. military personnel. Budget has a goal of generating $100,000 for the Wounded Warrior Project. The first of those three donation options comes when […] [Read More]

An electric vehicle’s sustained performance for weekly shopping activity at Kelley’s Blue Book’s Kbb.com is leaving the model with momentum going into an important West Coast auto show. Leading the way on the most recent Hot Car Report from Kbb.com was the 2011 Nissan LEAF. Site analysts determined among all models, the LEAF’s activity level […] [Read More]

When it comes to how the vehicles of tomorrow are designed, consumers are most concerned with attributes regarding unintended acceleration and fuel economy improvement, according to RDA Group’s 2010 Auto-Ideation Study. The study, which was unveiled this week, delves into the top 500 needs consumers want automakers to handle as they build future vehicles. [Read More]

Automotive Resources International has rolled a new flexible closed-end leasing program that it says it geared toward executive fleets, organizations in the process of stopping a vehicle-reimbursement program and companies that want to trim their chances of unexpected lease costs. [Read More]

During October, the proportion of vehicle transactions that were leases climbed to more than 27 percent, according to CNW Market Research, which said the automaker leading the way as far as leasing penetration upswings was Toyota Leases commanded 27.6 percent of the market in October, compared with 26.9 percent in September. Meanwhile, 6.6 percent of transactions were cash […] [Read More]

As Chrysler officials reported gains in third-quarter operating profit, the domestic automaker joined Ford Wednesday in denouncing the passage of a free trade agreement between the U.S. and Korea as it was written back in 2007. Both companies described Korea as one of the most closed automotive markets in the world. And both Chrysler and […] [Read More]

The National Automobile Dealers Association described a recent decision by the Internal Revenue Service as a “major victory for car and truck dealers.” NADA shared Wednesday that the IRS has created uniform capitalization safe harbor methods of accounting. The association thinks these methods should favorably resolve several contentious and potentially costly income tax issues that […] [Read More]