The growth in the subprime auto finance market has been as steep as it has been talked about — and it’s also something that Edmunds.com chief economist Lacey Plache says to keep an eye on. However, she emphasized that we’re not yet at a tipping point, and this could be a plus for car sales. […] [Read More]

Edmunds.com announced the winners of its fifth annual Best Retained Value Awards, and earning this year’s top honors for highest projected residuals were Toyota and Acura. The awards spotlight the brands and 2015 models with the strongest projected five-year residual values. This is based on the vehicles’ “average ‘cash’ True Market Value (TMV) price during their first […] [Read More]

J.D. Power just released its 2015 Initial Quality Study ratings and results, and it seems Korean brands are continuing to improve while other more well-known brands may be feeling the impact of recent recalls. With impressive year-over-year improvement, the Korean brands “continue to widen the quality gap with other automakers,” J.D. Power reported, while Japanese […] [Read More]

You might have the right vehicles in stock. And you might be offering the best deals. You might even be in the prime location. But these days, it isn’t enough unless consumers find your business trustworthy — and that starts online. To address this reality in the digital age of online referrals and reviews, Mobials […] [Read More]

Buy-here, pay-here. In-house financing. Whatever you want to call it, the uptake of this business model in the Canadian automotive market has been nowhere near as prolific as it has in its neighboring country to the south. But the adoption of BHPH providers appears to be increasing. We at Auto Remarketing Canada, whose sister publications […] [Read More]

CarStory announced today an upgrade to its market reports, coined “Inline CarStory Market Reports,” which embed vehicle research information directly into a vehicle’s detail page (VDP) on a dealer’s website.                              The company said the aim of the product is to keep consumers from leaving a dealer’s website to […] [Read More]

Auto Remarketing has launched a new series this year called “Consignor Connection,” in which we catch up with a leading remarketing executive at a different consignor each month. In a Q&A format, we talk about best practices, auction industry trends and more. The latest in this series features Darrin Aiken, assistant vice president of vehicle remarketing at Wheels […] [Read More]

Enterprise Holdings plans to expand its offerings via two acquisitions it announced today. Operating primarily in the Brooklyn borough of New York, AllCar Rent-a-Car and the car-sharing service Carpingo, brands formerly owned by Citiwide Auto Leasing Inc., will be added to the Enterprise portfolio. Gil Cygler, Citiwide’s president, says he was drawn by Enterprise’s similar […] [Read More]

Car buyers are getting their hands on pricier vehicles more easily these days, and according to Edmunds.com, the record-pace leasing numbers are playing a big role, along with cheaper credit and a handful of positive overall economic factors. In a data report shared this week, Edmunds counts economic trends like lower employment, consumer confidence in the economy […] [Read More]

While officials said the complaint is not a finding or ruling that the finance company has actually violated the law, the Consumer Financial Protection Bureau sued Security National Automotive Acceptance Co. (SNAAC) today for aggressive debt collection tactics against servicemembers. In a complaint filed in federal court, the CFPB alleges that SNAAC used a combination […] [Read More]