Lease return numbers could soon double the amounts seen just last year and one auction group, in particular, said it is taking measured steps to meet the surge in supply. In the group’s latest newsletter, ServNet president Patty Stanley says the network of auctions is ready for the 2.5 million lease returns expected to hit the remarketing […] [Read More]

Urban Science’s 2014 mid-year Automotive Franchise Activity Report was released Thursday, revealing expectations of an all-time record-setting year for dealers by the end of 2014. The report, which estimates that the average number of sales per dealership, based on LMC Automotive’s forecast of 16.2 million vehicles sold by the end of the year, foreshadows a […] [Read More]

KeyBanc Capital Markets likes the used-department outlook not only for the publicly traded dealerships groups its analysts watch closely, but also for the majority of franchised stores — especially the ones that move certified pre-owned vehicles. According to its July Dealer Survey, KeyBanc said its industry observers continue to believe franchised dealers will outperform the […] [Read More]

The former president of the United States, NFL teams, Hollywood celebrities and more. They’ve all joined a wave of Americans participating in the Ice Bucket Challenge to raise money for the ALS Association, which said as of Friday, it has received $53.3 million in donations in less than a month. And you can also count […] [Read More]

Along with an opportunity to complete the organization’s compliance certification program, members of the National Automotive Finance Association can take advantage of a $100 registration discount to attend the SubPrime Forum, the event dedicated to auto financing at Used Car Week. This two-day conference will provide data, knowledge, insight and powerful business networking opportunities to […] [Read More]

The latest delinquency data from Experian Automotive might give more fuel to observers who believe subprime auto financing is creating a bubble similar to the one that popped in the mortgage industry and sent the economy into a tailspin more than five years ago. However, an Ivy League economic expert refuted the parallel between auto […] [Read More]

Underbanked consumer data, analytics and risk scoring solutions provider FactorTrust formed a partnership this week with defi SOLUTIONS, which developed a browser-based loan origination system (LOS). The companies highlighted they reached this alliance because non-prime auto finance companies need access to detailed customer files in order to make informed underwriting. Now, operations that utilize defi […] [Read More]

Back when the Internet was still young and the automotive industry had not fully embraced it, those dealers who were utilizing it to expose their inventory online were still having trouble with images. Some cars had them. Others did not. Some had 40 images. Others had one. The websites and classified listings that were getting […] [Read More]

Auto Remarketing has learned that former Indiana Auto Auction vice president and general manager Dale Flora passed away on Wednesday. He was 69. According to an obituary posted here on the website of McElhaney-Hart Funeral Home, Flora held those leadership roles at Indiana Auto Auction for 39 years before retiring in August 2009. In addition to his roles […] [Read More]

Not so long ago, and not too far away, one of my past managers started working for a dealer I know. We were discussing the state of the dealer’s current business, and the conversation went to 20 Groups. This dealer, like so many others in the country, began by operating on his own “private island.” […] [Read More]