Ford Credit’s lease return volume this year has already eclipsed the 100,000-unit mark, with the second-quarter tally showing a substantial year-over-increase. That’s according to statistics from Ford Motor Co.’s Q2 fixed income conference call that Manheim chief economist Tom Webb posted to his blog late last week. The data sets put Ford Credit’s quarterly lease […] [Read More]

Manheim announced this week the hiring of a new vice president of digital services. Jenifer Eggert, a former vice president of sales for AutoTrader.com moves into this role with over 12 years of digital-related experience and will assume her new responsibilities on Monday. Janet Barnard, Manheim’s chief operating officer, is looking forward to Eggert’s continued […] [Read More]

Cross-Sell Reports, a division of Dominion Dealer Solutions,  announced today the release of localized market data and reporting solutions for Arkansas dealers. The suite of market reports available include Cross-Sell Interactive, Market Analysis, Statewide Dealer and Leinholder Summary, and MarketIntel, the latter of which uses heat mapping to visualize new- and used-vehicle sales as well […] [Read More]

The National Auto Auction Association is hosting a free webinar to highlight the results of the organization’s 2013 annual survey and recap industry performances from the first half of this year. NAAA economist Ira Silver also plans to share his outlook for the remainder of 2014 and beyond during the webinar, which will be moderated […] [Read More]

Getting the most money back when a vehicle installment contract falls into default is the top challenge for any recovery department. To help those personnel take advantage of strong wholesale prices and more, Auto Financial Group vice president of operations Dave Langley pinpointed eight questions recovery managers should answer in order to improve company process. […] [Read More]

Elcometer, an inspection equipment provider to the coatings industry, has worked in the remarketing space for about two decades, and its history in the auto manufacturing industry dates back even further. And now, the company is going even deeper into remarketing. Elcometer will soon be launching a proprietary inspection tool for appraisers, buyers, finance companies […] [Read More]

Keep your eyes peeled this week for the all-new digital edition of the Aug. 1 issue of Auto Remarketing, which features the publication’s annual special report: The Power 300 — The Most Powerful Companies in the Pre-Owned Business.  The Power 300 is a compilation and listing of the most influential, innovative, impactful, and, of course, […] [Read More]

It's possible, or even probable, that many people who lease a vehicle have no intention of keeping the car after their leasing period ends. But 22 percent, according to CNW Research, do end up purchasing the vehicles they lease within six months of the end of the lease’s term. But why do nearly one-in-five people […] [Read More]

The summer market is in full force in the lanes as we head toward fall, says Black Book’s Ricky Beggs.   For example, last week, car prices fell by an average of $81 at auction, almost twice the $42 decline during the same period of 2013. According to Black Book data, only once over the […] [Read More]

Retail’s old adage of “you get what you pay for” reappeared as a part of the J.D. Power 2014 U.S. Dealer Financing Satisfaction Study. The report showed franchised dealerships place such a value on the relationship they have with their prime retail credit finance providers that two-thirds are willing to pay a premium for good […] [Read More]