Another executive recently moved over from Santander Consumer USA Holdings to join the team at Exeter Finance Corp. On Tuesday, Exeter announced its new executive vice president of strategy and planning is Steve Zemaitis, who served in multiple executive roles at Santander, including chief credit officer and executive vice president of pricing and analytics. Zemaitis […] [Read More]

Experian Automotive’s most recent data showed how much more risk captive lenders are taking in regard to loan-to-value (LTV) levels when booking contracts for used models. Experian indicated LTVs for captives that financed used vehicles in Q4 jumped by 306 basis points to an average of 128.6 percent. That year-over-year increase was far more than […] [Read More]

More than a dozen trends arose when CarFinance.com examined its full-year financing data to find out the Top 10 new- and used-vehicle choices for its below-prime vehicle buyers in 2013. On the new-model side, CarFinance.com discovered the list of most purchased vehicles diverges completely from the overall Top 10 selling vehicles in the U.S. The […] [Read More]

Amid the packed Expo Hall featuring the remarketing industry’s latest and greatest products at the 2014 Auto Remarketing Canada Conference next week, CarProof will be showcasing its new CarProof RECON tool for attendees. CarProof — Auto Remarketing Canada Conference presenting sponsor — explained it will be providing conference attendees with an exclusive opportunity to text […] [Read More]

There will likely be just a shade under 3 million lease terminations in 2014, according to Edmunds.com, whose data indicates this would be a four-year high. Or, put a different way, “Car shoppers coming off lease will account for some additional 300,000 in new car sales over 2013, or about 40 percent of the expected […] [Read More]

Preferred Warranties, a provider of extended service protection plans to independent used-vehicle dealerships, on Tuesday announced its choice for vice president of marketing and sales. Named to the position is an industry veteran bringing more than 25 years of sales experience, Brian Cosgrove. Cosgrove’s background includes sales, sales training, sales management and marketing roles. As […] [Read More]

Though prices are revving up for tax season as spring approaches, used-vehicle values were still on the way down during month two of the new year. That said, prices were already showing stronger retention in February than seen during the last few months of 2013. According to Black Book data, prices for used vehicle from […] [Read More]

As Dealers Auto Auction of Idaho gears up to celebrate its 13th anniversary with a major giveaway, the National Auto Auction Association and Black Book have teamed up to present the inaugural Black Book Pedal Car Auction. The association announced the charity event will be held at the 2014 NAAA Annual Convention this September in […] [Read More]

Many reports have surfaced that contend Millennials are not interested in new cars and find these purchases less of a necessity than earlier generations. That said, a study from Strategic Vision was released this week that brings up another potential reason Millennials aren’t on your lot. And the answer may be simple: money. According to […] [Read More]

Kia Canada Inc. revealed today it has appointed a new president and chief executive officer. Chosen for the role is Min Kun Kim, who brings over 28 years of experience to his new position, including a variety of job responsibilities within both Kia Motors Corp. and Hyundai Motor Co. "I am excited to return to […] [Read More]