Auto Remarketing is launching a new series called Executive Snapshots in which an automotive executive shares some brief thoughts on how he or she sees the industry, some challenges and solutions and how their company is adapting to these opportunities. In our debut Executive Snapshot feature — which can be found in the June 1 […] [Read More]

If certified pre-owned Honda Civics or Ford Escapes turn quickly at your dealership, here’s more good news. Those units were the top two new models attached to a lease in the first quarter. During a span in which leasing hit record levels, Experian Automotive found that the Civic and the Escape led the way in […] [Read More]

Last week, auction prices continued to soften. Though the weather outside is indicating the approaching summer, this trend may be one of the first signs we “are heading toward the fall and the market getting ready for another model year to enter into the choices,” according to Black Book editorial director Ricky Beggs. During his […] [Read More]

NCM Associates on Monday announced the hiring of three new associates to serve its retail automotive clientele. Each joins the company as executive conference moderator for the 20 Groups Division under Kevin Cunningham, the company said, to meet increasing demand for NCM’s 20 Group services. Steven Kain is a former car dealer and general manager […] [Read More]

Financial services and criminal and civil enforcement defense law firm BuckleySandler recently added the former legal counsel with Ally Financial to its stable of attorneys. Joining the firm as a counsel in its Washington, D.C., office is Marshall Turner Bell. An accomplished consumer finance attorney, Bell joins the firm’s growing regulatory practice.  Working with partner […] [Read More]

In an effort to provide dealers and F&I managers with more educational material so buyers can make better decisions, Americans Well-informed on Automobile Retailing Economics (AWARE) offered five helpful vehicle finance tips for consumers. Those recommendations included: • Budgeting helps eliminate surprises. Shop smarter by knowing how much you can afford to spend each month […] [Read More]

As the subprime financing market continues to expand, Experian Automotive determined that loan terms continued to lengthen with the average automotive loan term reaching 66 months for the first time. According to Experian’s latest State of the Automotive Finance Market report, loan terms in the first quarter of this year reached the highest level since […] [Read More]

From new employees to a visit with a heavyweight boxing champion, remarketing meets rock 'n' roll this summer at ServNet auctions. "ServNet's summer promotions have become a fixture in the industry," said Patty Stanley, ServNet president. "In June, July and August, ServNet auctions hold huge events that have a tremendous impact on the market."  The […] [Read More]

It’s one thing for certified pre-owned demand to have grown in recent years. But to have had the supply of late-model cars simultaneously skyrocket makes for a rather fortunate one-two punch. And it’s a combo that’s made CPO an emerging heavyweight in the used-car industry, as automakers continue to shatter certified sales records. “The sharp […] [Read More]

About a month after recalling more than 400,000 vehicles, Ford issued four more separate recalls of vehicles in the U.S., Canada and Mexico through campaigns that cover more than 1.4 million units. The largest single campaign is for the Ford Escape and Mercury Mariner from the 2008 through 2011 model years. Ford said a total […] [Read More]