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]

The state government affairs committee of the American Financial Services Association recently published a white paper for its members on debt collection and the various ways state legislation and regulations are approaching these practices. AFSA officials highlighted the paper explains how states are applying laws that have traditionally focused on third-party debt collectors to creditors, […] [Read More]

Based on a view the competitive pressure in the subprime finance space isn’t quite as intense, Consumer Portfolio Services watched its second-quarter earnings per diluted share spike by 47 percent year-over-year. CPS reported that its Q2 earnings rose to $7.0 million, or $0.22 per diluted share, for the quarter that ended June 30. During the […] [Read More]

In the upcoming issue of Auto Remarketing Canada Digital Magazine — set to be released this coming Tuesday — we showcase some of the country’s oldest, biggest and most influential dealer groups. One of these leaders in the industry is Groupe Park Avenue, who touts 18 franchises in Montreal and Vancouver. But they aren’t done […] [Read More]

The roar of engines and the chants of auctioneers are mixed with the sounds of hammer blows and the rumble of paving equipment as ServNet auctions around the country work to finish expansion projects. Six ServNet members — including Missouri Auto Auction, Carolina Auto Auction, Dealers Auto Auction of the Southwest, Sparkling City Auto Auction […] [Read More]

Group 1 Automotive’s overall second-quarter figures show a 3.6-percent year-over-year rise in used-vehicle sales and a 6.4-percent lift in new models retailed. But the unusual path company stores in various markets took to those top-line performances is what left president and chief executive officer Earl Hesterberg wondering what happened. Hesterberg described the used-vehicle market overall […] [Read More]

Not long after results shared by publicly traded dealer groups and investment analysts painted a clear picture of the second-quarter’s used-car market, industry observers began pinpointing a used-car sales total for July. Starting with TrueCar, the company said Friday it anticipates that July will close with an estimated 3.31 million used sales, resulting in a […] [Read More]

Black Book has expanded its executive team with the hire of a vice president of analytics and strategic relationships. The company has chosen Anil Goyal to fill the VP spot. Goyal comes to Black Book with a background in strategy, primarily in banking positions, the company said. For example, Goyal has held senior risk positions […] [Read More]