While sharing results from the first quarter of its 2018 fiscal year, America’s Car-Mart announced a major change in leadership will be coming at the end of the calendar year. Car-Mart said in a news release posted late on Thursday that current chief executive officer William “Hank” Henderson would be moving into a role as […] [Read More]

Colonnade Advisors offered quite a bullish forecast for the penetration level of vehicle service contract purchased by consumers that should make F&I managers and VSC providers smile now and seven years down the road. The boutique investment bank and registered broker dealer providing investment banking services to F&I firms and other financial services companies released […] [Read More]

Back to school means once again the approval rate for lease transfer applications is headed back down.  Swapalease.com reported vehicle lease credit applicants registered just a 54.3 percent approval rate for July, explaining the decline both on a sequential and year-over-year basis stemmed from in part because of college students leveraging the site in hopes of […] [Read More]

As what’s happened four out of the past five years, auto finance defaults made a slight uptick in July versus the previous month. The auto portion of the S&P/Experian Consumer Credit Default Indices released this week showed that defaults increased 4 basis points to come in at 0.86 percent. It would have been five consecutive […] [Read More]

After taking a trio of actions involving more than two dozen dealerships in the span of about a year, New York attorney general Eric Schneiderman wielded his enforcement powers again this week in association with F&I activities. Schneiderman announced a $298,000 settlement with Nissan of New Rochelle for what the Empire State’s top law enforcement […] [Read More]

There were 2.10 million used-car transactions in the United Kingdom during the second quarter, which was down 0.7 percent year-over-year, according to revised data from the Society of Motor Manufacturers and Traders. As for year-to-date numbers, they have climbed more than a percent. Used-car transactions through two quarters have come in at 4.24 million, which is up 1.3 percent […] [Read More]

LotLinx recently announced a new partnership to fully link VistaDash's marketing metrics platform to LotLinx TURN, which provides dealers with metrics on targeted shoppers, total spend, sold VINS, conversions and engagements on vehicle detail pages. To help dealers make marketing decisions that improve their ROI and digital ad spend, LotLinx customers now have access to VistaDash metrics via […] [Read More]

In this week's episode, Cherokee Media Group director of meetings and events Marilu McQuilkin stops by to share some important updates on Used Car Week, including registration and agenda information. Plus, get a sneak peek at the conference's sweet digs in Palm Springs, Calif. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  You can also […] [Read More]

Metro Auto Auction of Phoenix has been named the National Auto Auction Association’s 2017 Western Chapter Auto Auction of the Year for its commitment to supporting community youth. NAAA said the auction’s notable efforts include hosting an annual Christmas party for seriously ill children and funding a mentorship program for thousands of at-risk Phoenix-area high […] [Read More]

The training team at GWC Warranty acknowledged even the best F&I presentations are oftentimes countered with an objection over the added monthly cost of a vehicle service contract. The company also understands how dealers emphasize that overcoming this common customer concern can make or break the store’s entire F&I operation. In an effort to clear […] [Read More]