Now that DriveTime has its new top executive in place, the retailer that caters to buyers with damaged credit histories unveiled its news marketing initiative. This week, DriveTime launched what the company called its “The Genius Way to Buy a Car” campaign. The national spots showcase two fictional brainiacs, mathematician Gunter Zoolof and marine biologist […] [Read More]

S&P Global Ratings pored over the 2017 data for the U.S. auto loan asset-backed securities (ABS) sector and reported that  “a few encouraging trends emerged.” Analysts added that December ABS performance showed seasonal patterns, resulting in upticks in metrics they watch regularly. The firm shared this finding in a report titled, “U.S. Auto Loan ABS […] [Read More]

Sym-Tech Dealer Services announced Tuesday a nationwide partnership with Audi Finance and Volkswagen Finance to deliver both the Audi After Care and Volkswagen Protection Plus branded suite of F&I products and services. The deal will be effective Nov. 1.  Sym-Tech said that it has an experienced team of sales, technology, operations, dealer communications, claims and […] [Read More]

As part of our annual special issue honoring The Best CPO Dealers in the USA, Auto Remarketing shared the respective top 10 certified pre-owned sales leaders for a wide array of automakers. In addition to the lists of CPO leaders, which were based on full-year 2017 sales, we also connected with many of these dealers […] [Read More]

LGM Financial Services has partnered with Carfinco Financial Group to step into the non-prime financing market, the companies announced Monday. LGM will expand the F&I services its offers auto dealers by supporting a non-prime lending solution through Carfinco. Carfinco specializes in non-prime financing and provides financing options that work to enable dealers to offer credit solutions to consumers with […] [Read More]

While Equifax recently highlighted the depth of consumers opting to purchase an off-lease vehicle in greater numbers rather than leasing a new model, Swapalease.com pointed out that interest in taking over a vehicle lease contract is as strong as ever. To reinforce the assessment, approvals for takeovers on the site jumped by more than 7 […] [Read More]

The Manheim Used Vehicle Value Index certainly is consistent to begin 2018. According to Cox Automotive chief economist Jonathan Smoke, the index reading for February landed exactly where it did in January — 131.0. While the reading showed wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) remained flat month-over-month, the February figure […] [Read More]

When people think about automobile advertising, they probably think about mass-market tactics, from newspaper ads to epic Super Bowl spots. But automobile advertisers know that to move more cars from lots, they have to think locally.   Thanks to the internet, automotive dealers are using data in new and creative ways to reach consumers and […] [Read More]

dealerAffinity introduced Wednesday its leadAffinity online lead generation platform that is designed to capture in-market leads on a dealer's website. This follows the company’s January announcement that it has joined the expanding CDK Global Partner Program this year. The dealerAffinity solution suite provides online trade appraisals, live web chat with text messaging and on-site auctions […] [Read More]

Carlease announced Wednesday that it has appointed Cars.com 's former president and founder Mitch Golub to serve as chairman of its board. This follows news from last month that the company has raised $3.5 million in an initial funding round led by venture capital firm Lightbank, along with a group of auto industry veterans that […] [Read More]