With leasing activity continuing to intensify, a quartet of experts from Moody’s Analytics devised elaborate formulas and explanations for how to structure residual values that might help captive finance companies, other institutions that provide vehicle leasing as well as other service providers involved with remarketing. The Moody’s team introduce a new model for forecasting the […] [Read More]

Edmunds.com is forecasting 3.3 million used-car sales for the month, down from 3.4 million in July. The resulting SAAR would be 39.0 million, versus 38.9 million last month. These projections follow what Edmunds said what the best second quarter for used-car sales since 2007. There were a combined 9.80 million used cars sold in April, […] [Read More]

Federal Reserve chair Janet Yellen reiterated again on Friday that an interest-rate increase continues to be closely considered by policymakers as they watch a wide array of broad economic trends to shape their decisions. During the Fed’s annual retreat to picturesque Jackson Hole, Wyo., Yellen made a presentation titled, “Designing Resilient Monetary Policy Frameworks for […] [Read More]

GWC Warranty, a provider of used-vehicle service contracts and related finance and insurance products sold through dealers, recently announced the addition of Melissa Roberts as the new marketing manager. As a member of the marketing department, GWC explained Roberts will be responsible for developing and implementing a comprehensive customer strategy focused on engaging and retaining […] [Read More]

Buy-here, pay-here might be one of the most intimate parts of the automotive industry. Participants take some of the biggest risks and help to provide transportation to individuals who have little financial means but need a vehicle the most. For the September/October issue of BHPH Report, we’re looking to highlight executives, operators and managers who […] [Read More]

Volkswagen Group of America previously made arrangements for restitution with owners of vehicles involved with “Dieselgate.” On Thursday, the automaker released its plans to rectify the situation with its franchised dealerships. Volkswagen announced it has reached an agreement in principle to resolve the claims of VW-branded franchise dealers in the United States relating to TDI […] [Read More]

“How does this car perform in the snow?” With the community engagement feature on the newly unveiled Amazon Vehicles site, shoppers can pose questions such as this to fellow consumers who can offer firsthand insight. And with Amazon Vehicles’ car research tool, customers can get the information they need when shopping for vehicles, parts and accessories. Amazon Vehicles […] [Read More]

The  Automotive Properties Real Estate Investment Trust has agreed to a deal with a third-party vendor to buy the Pfaff Audi dealership property in Vaughan, Ontario. The purchase price of the property is $17.2 million, REIT said in a news release Monday. “Pfaff Audi will be a strong addition to the REIT,” REIT president and […] [Read More]

When this summer began, Fitch Ratings projected “the summer months do not figure to be as kind for the sector,” as analysts discussed future performance of subprime auto loan ABS. The latest index results Fitch released on Thursday showed the firm’s inklings were correct as analysts indicated seasonably slow summer months are translating to “notable […] [Read More]

Scotiabank’s recently released Global Auto Report paints a rosy picture — one that pleasantly surprised analysts with the Toronto-based bank. “We came into the year expecting global purchases to advance by about 3 percent,” Carlos Gomes, senior economist and auto industry specialist at Scotiabank, told Auto Remarketing Canada. “Through July, what we’ve seen is they’ve […] [Read More]