Along with explanations for why lease residuals will be under pressure and late-model depreciation will be considered as “volatile,” the latest joint vehicle depreciation report from Black Book and Fitch Ratings indicated vehicle depreciation is expected to accelerate in 2015. Analysts came to that forecast based on increased used-vehicle supply and larger off-lease volumes placing […] [Read More]

VinSolutions announced recently the release of VinConnect Mobile, a customer relationship management solution that can be accessed via a mobile device, allowing dealers to stay connected to their customers. “Our focus for 2015 is really all around the mobile experience, and VinConnect Mobile is our contribution to the revolution,” said Lori Wittman, VinSolutions’ general manager. […] [Read More]

AutoNation hosted its fourth-quarter earnings conference call for 2014 on Tuesday, revealing several all-time earnings-related records for the company on both a quarterly and yearly basis. But first starting with the used-market results, the company’s retail used vehicle unit sales for the fourth quarter of 2014 increased by 9 percent overall, to 53,534 units. On a same-store […] [Read More]

New Jersey and New York legislators currently are crafting measures that would prohibit the installation of payment assurance devices, including GPS and starter-interrupt units, as a condition of securing vehicle financing. And advocates for the buy-here, pay-here industry are working not only to make sure the current legislation doesn’t become law in the Garden State […] [Read More]

Auction managers, dealer principals, automotive digital marketing experts, third-party listing providers, consignors, transportation providers, automaker execs, bankers, lenders. What do all these professionals have in common? They make the “remarketing world” go round. Without all these players — and more — the automotive remarketing industry wouldn’t have turned into the massive, successful market it is […] [Read More]

The tie between certified pre-owned sales and off-lease volumes is two-fold — and perhaps more interrelated than you might think. That was evident when Cox Automotive chief economist Tom Webb explained during a press conference why he is confident CPO sales will break a record for the fifth straight year. “I can confidently predict that because […] [Read More]

Recovery Specialist Insurance Group reminded repossession agents about a crucial part of a Consumer Financial Protection Bureau bulletin, especially if these agents have gone through specialized recovery training during the past two years. RSIG board member Jim Clark focused on whether agencies currently are compliant with the CFPB’s  expectation that the banks and nonbanks conduct […] [Read More]

Sure, there is room for the certified pre-owned segment to continue climbing, but it may take some maneuvering when it comes to consumer education. In a conversation with Auto Remarketing at the recent NADA Convention &  Expo, AutoTrader.com president Jared Rowe said much of this segment’s potential comes down to educating the consumer on just […] [Read More]

Kia is offering a new product in Canada that will benefit both dealers and consumers in the F&I department. Kia Motors Finance (KMF) launches in Canada today, bringing new lease options for Kia shoppers. Hyundai Motor Finance hit the market back in early January. The new KMF branch will also be headquartered in Toronto. Ross […] [Read More]

During several conference calls in a row, Ally Financial highlighted how much its auto finance business is crucial to the future success of the company, and continuing to foster relationships with dealers is paramount to extending its recent string of achievements. Now, Ally’s new chief executive officer is coming directly from its dealer financial services […] [Read More]