Tuesday, October 29, 2019 - 1:36pm

Auto Remarketing Staff

  Swapalease.com reported the highest number of credit approvals for vehicle-lease transfers in nearly three years. Site officials said this week that the approval rate in September came in at 72.9%, representing a 4% increase from the August rate of 68.9%. The last time credit approvals on Swapalease.com rose higher... Read More

Friday, October 18, 2019 - 3:28pm

Joe Overby, Senior Editor

  Lease penetration a shade below 30% not only means that demand for leasing is strong, but future off-lease volumes should continue to be plentiful to a used-car market that hasn't just absorbed the additional supply, but thrived from it. That’s according to analysis released Friday by Cox Automotive, which did... Read More

Friday, October 4, 2019 - 1:09pm

Auto Remarketing Staff

Ally Financial is going to remain in the auto racing business for at least three more years. Less than 12 months after it first raced into NASCAR, Ally Financial on Friday extended its full-season primary sponsorship of Hendrick Motorsports and the No. 48 Chevrolet Camaro ZL1 team for three more years through the 2023... Read More

Tuesday, September 17, 2019 - 3:08pm

Auto Remarketing Staff

Ryan Davis says his company built its inventory finance business line Float by BacklotCars to be “a more transparent and flexible way to pay for inventory.” “The ability to give dealers a more personalized experience will help us further our mission to make wholesale easy,” Davis, who is... Read More

Monday, September 16, 2019 - 2:37pm

Auto Remarketing Staff

Cherokee Media Group integrated more auto-finance workshops and presentations into Used Car Week beginning in 2013. And one of the primary reasons why conference organizers made that move was the National Automotive Finance Association. “When we looked to expand Used Car Week to include an auto-finance... Read More

Friday, September 13, 2019 - 1:00pm

Auto Remarketing Staff

Susan Schmidt, vice president for the U.S. Consumer Credit Group at PayPal, joins the show to talk about PayPal Credit's business-to-business applications, its presence in the auto-parts business and potential for expansion. The full episode can be found below. Download and subscribe to the Auto... Read More

Thursday, September 12, 2019 - 11:16am

Auto Remarketing Staff

Fair said Thursday it is buying Ford Motor Credit’s Canvas vehicle subscription service. Terms were not disclosed. Customers using Canvas, a wholly owned subsidiary of Ford Credit established in 2017, will transition to Fair, if they so choose. The Canvas team itself will make the move to Fair, as... Read More

Monday, September 9, 2019 - 3:34pm

Auto Remarketing Staff

  You might need sharp eyes to notice, but Experian spotted an extremely slight decline in the volume of new-vehicle leasing booked during the second quarter. Analysts also pinpointed the top 10 models generating the most leasing volume in Q2. And two of the vehicles can be seen pretty easily in a driveway or parking... Read More