As leasing continues to pick back up, boding well for future used supply, Swapalease.com recently conducted a nationwide survey that showed which brands are top-of-mind for consumers considering a new lease. On the luxury side of things, the highest scoring manufacturer was Porsche, with 39.8 percent of participants — which consisted of more than 3,000 […] [Read More]

In what's likely good news for future used supply, shoppers are turning to leasing now more than ever. And interestingly, car buyers on average spent more than ever on new-car purchases last year. These are just a few high points from Edmunds.com's 2013 Car Shopping Trends Report. Specifically, new-car buyers spent an average of $30,803 […] [Read More]

One of Auto Remarketing’s regular guest columnists, Patrick McMullen of MAXSystems, will be part of a free webinar that’s designed to help dealerships reach younger buyers who are nearly constantly on the Internet. McMullen pointed out that 85 percent of consumers under the age of 40 use the Internet in their vehicle-shopping efforts, according to […] [Read More]

AutoLoop — a  provider of marketing solutions for customer relationship management in the car business — has launched a new equity mining solution, known as AutoLoop Quote, that is designed to help dealers target potential new-car customers with automated vehicle quotes. The product is designed directly into the AutoLoop Essentials multi-channel platform. It is designed […] [Read More]

Auction Academy held its first ever “joint session” early last month as the two current class groups — the Managers Group and the Next Generation/Sons and Daughters Group — traveled with the Auction Academy staff to the Baltimore and Washington D.C. areas for a series of training programs. Organizers recapped that the session began with […] [Read More]

WASHINGTON, D.C. — The Federal Trade Commission issued revised guidance designed to help businesses such as dealerships comply with the requirements of the Red Flags Rule, which protects consumers by requiring businesses to watch for and respond to warning signs or "red flags" of identity theft. Regulators explained that the guidance outlines which businesses — […] [Read More]

DAVENPORT, Iowa — Triggered by new solution capabilities, ProMax Unlimited, a Web-based subprime financing software provider, highlighted the growth trajectory it is enjoying this year. Company officials contend they are on track to have more than 2,000 dealers using their tool by the close of the year. They attributed the growth because of expansion of […] [Read More]

DAYTON, Ohio — Reynolds and Reynolds announced the availability of the LAW West Virginia F&I Library that is designed to offer West Virginia automobile and truck dealers a comprehensive catalog of standardized, legally reviewed finance and insurance (F&I) documents. Officials indicated the Reynolds LAW brand West Virginia F&I Library of forms was developed jointly through […] [Read More]

SOUTHFIELD, Mich. — Provider Exchange Network, a division of Open Dealer Exchange, recently completed integration with the F&I mobile menu, iTapMenu. Officials explained the iTapMenu will now feature electronic rating via PEN. "We couldn't be more excited about the partnership with Provider Exchange Network," said Ozan Selcuk, vice president of iTap Menu. "Easy and accurate […] [Read More]

KAR Auction Services has purchased PWI Holding, Inc. and its wholly owned subsidiaries — which include Preferred Warranties (PWI) — from Harbert Private Equity Fund II, LLC. The announcement was made by HPEF II. “We are very pleased with the performance of PWI and would like to thank the entire team for their efforts. Without […] [Read More]