Certain macroeconomic trends — especially employment and consumer confidence — prompted Santander Consumer USA president and chief executive officer Jason Kulas to say that he sees a “fairly stable consumer” after he examined the finance company’s portfolio as well as the entire auto finance market. However, those two particular economic trends could leave negative ramifications […] [Read More]

Used-vehicle service contract and related finance and insurance products provider GWC Warranty introduced a new exclusive benefit for its top dealers. Members of the WealthBuilder and Elite Dealer Programs now have access to free, online, on-demand compliance training. Through GWC Warranty’s Dealer Portal, WealthBuilder and Elite Dealers can access an online compliance training platform. The […] [Read More]

Infiniti dealerships throughout the country will now be able to work with automotiveMastermind to implement its predictive analytics technology, which provides dealer sales teams key insights and valuable consumer information unique to car shoppers, the company announced on Monday. Since the year began, Infiniti is the second OEM to partner with the predictive analytics and […] [Read More]

Maybe it’s their electric freshmen Jayson Tatum and Lonzo Ball. Maybe it’s the nearby tech hubs: the Research Triangle Park in North Carolina and “Silicon Beach” in Southern California. But when Swapalease.com asked drivers to name the NCAA basketball teams that reminded them the most of a Tesla — and again when respondents were asked to […] [Read More]

For dealers who have found themselves grappling with limited ad dollars, mirroring OEM ad spending during seasonal events is a strategy that can help maximize campaign efforts throughout the rest of the year. “Digital marketing has increased substantially over the past couple of years, all dealers are struggling to find ways to be competitive in […] [Read More]

With leasing activity continuing to evolve as analysts recently conveyed to Auto Remarketing, Growella — a financial education website for millennials — researched and published its list of the cheapest 100 vehicles to lease to put what it called “real, actionable information in the hands of today's car shoppers.” Using vehicle depreciation data, average insurance […] [Read More]

The U.S. Department of Transportation said the number of recall campaigns and total amount of vehicles impacted reached new highs in 2016. DOT officials tabulated that there were 927 recall campaigns last year, involving a total of 53,194,177 vehicles. The tally marked the third year in a row recalls surpassed the 50-million mark. That string […] [Read More]

Fortune magazine has released its 100 Best Companies to Work For list, and several companies familiar to the remarketing space made the cut.  CarMax, for one, was named to the list  for the 13th consecutive year. The used-car retailer ranks number 77 on this year’s list. Currently, CarMax is looking to fill more than 2,000 positions […] [Read More]

The XLerate Group has purchased Corry Auto Dealers Exchange, the auction group announced Friday. This marks XLerate’s first foray into Pennsylvania and brings its auction brand count to 10. The group now has auction sales in California, Florida, Michigan, Pennsylvania, South Carolina, Texas and Wisconsin. “CADE is the latest step in XLerate’s plan to grow our […] [Read More]

Manheim announced that it is hosting a grand opening of Manheim Little Rock, its first location in Arkansas, on Wednesday as part of its strategic plan to expand into underserved areas in the U.S. this year. The company said it made the decision to open the Little Rock location after considering dealer demand in the […] [Read More]