Lease payments becoming even more attractive

Auto Remarketing Staff

It’s the decision consumers who acquire a new vehicle must make in order to have a payment that fits their budget. Stretch the traditional installment contract out to nearly 72 months or take on a lease for about half of that time. Perhaps what’s good news for dealership customers and their used-car... Read More

Auto Remarketing Staff

GM Financial announced Monday that it has chosen the Ronald McDonald House at Boston to receive a vehicle as apart of its Cool Cars for Remarkable Kids program. The Ronald McDonald House at Boston Harbor is the 18th Ronald McDonald House to receive a vehicle since the program launched earlier this... Read More

Auto Remarketing Staff

The auto lease credit approval rate in September registered the lowest percentage seen this year, according to data from Swapalease.com. The approval rate fell to 47.6 percent following a relatively strong August, when the rate was 68.3 percent, according to Swapalease. Hurricanes Harvey and Irma have... Read More

Podcast: Cort DeHart with MBSi Corp.

Auto Remarketing Staff

We circle back to one of the most difficult challenges of the automotive business — repossessions — for the latest episode of the Auto Remarketing Podcast. Nick is joined by Cort DeHart, who is the corporate strategy manager with MBSi Corp. The conversation touches on how complicated repos can be and how the... Read More

AutoGravity adds Global Lending Services to platform

Auto Remarketing Staff

AutoGravity has added another finance company to its online auto financing platform. Thanks to the partnership with Global Lending Services announced Tuesday, AutoGravity will have another lending option to offer its customers. Global Lending Services, meanwhile, will be able to utilize the AutoGravity platform to... Read More

Honcker scores $3.6 million in seed funding

Joe Overby, Senior Editor

Online car leasing marketplace Honcker closed a seed financing round of $3.6 million on Thursday, and said it will now provide delivery to customers in eight states. Honcker plans to use the round, which was led by Evolution Corporate Advisors, to grow its dealership network, geographic footprint and customer... Read More

Assurant acquires The Warranty Group for $2.5 billion

Auto Remarketing Staff

Triggered in part by online vehicle retail sales activity gaining steady momentum, Assurant made a $2.5 billion acquisition of The Warranty Group, which works with more than 5,600 dealerships selling F&I products such as vehicle service contracts and GAP insurance. Assurant highlighted in a news release announcing... Read More

AutoGravity names new VP of dealer sales

Auto Remarketing Staff

AutoGravity has expanded its dealer network development program with the appointment of Chuck Schofield as new vice president of dealer sales, the company announced Tuesday. Schofield most recently served as western region senior manager for Mercedes-Benz Financial Services where he managed the U.S. finance products and... Read More