Automakers have significantly pulled back on incentive spending, which dropped to a six-and-a-half-year low in April, according to Edmunds.com. This trend bodes well for the industry, as it likely means consumers are hungry to buy and don’t need incentives to push them along, the firm emphasized. Specifically, Edmunds found that the True Cost of Incentives […] [Read More]

Digital Recognition Network recently rolled out a new offer to its affiliates — an equipment upgrade program that can allow repo agents to utilize the next generation of the company’s license-plate recognition camera kits at a significantly discounted price. The program details include: —Discounted LPR camera kit prices. —Raptor II Two Camera Kit: Credit of […] [Read More]

AULtec, which already provides inventory management solutions and custom websites for dealers, launched what it believes is the first-ever app for creating highly customized, automated windshield marketing. The company highlighted that Hang Tags+ is a windshield-marketing tool aimed to help dealers add potent “zip and sizzle” to vehicle remarketing. AULtec indicated these tags are QR-scannable […] [Read More]

LEAP Financial, a vehicle leasing company that serves consumers who have difficulty obtaining credit, recently tallied up the estimated lender benefits from its recovery program. During the 12-month period that ended March 31, the company indicated the average lender benefit for each customer that settled with LEAP was approximately $1,900, totaling a sum of more […] [Read More]

Along with enhancing its consumer underwriting teams, Ally Financial declared today that it is increasing wholesale credit lines for dealers to take advantage of the U.S. auto market momentum. Ally indicated that it expanded wholesale limits for more than 40 percent of its U.S. dealer clients in the first quarter. “The flexibility in our credit […] [Read More]

Auto Remarketing has learned Cadillac is launching an offering today that gives its dealers the chance to boost new and certified sales while also helping them generate more CPO-worthy inventory. The campaign blends a lease pull-ahead program with subvented CPO financing rates, Cadillac remarketing manager Jeff Maes explained to Auto Remarketing in a recent interview. [Read More]

Continuing a process that began last July when the company was rebranded from CitiFinancial to OneMain Financial, officials shared details of the rebranding for its service network from CitiFinancial Remarketing Services. Effective today, the unit now will be known as OneMain Remarketing. Officials explained that this change allows the remarketing group to align itself closely […] [Read More]

Black Book collected a mixed bag of dealer commentary from more than 100 auction sites last week, leveraging its ability to get first-hand information through various methods. Before delving into specifics, Ricky Beggs recapped how Black Book gathers its dealer feedback. “It’s been another busy week for our editorial team as we have watched online […] [Read More]

Pushed by an uptick in vehicle replacement in 2010, fleet maintenance costs dipped modestly for the third consecutive year in 2011, according to GE Capital Fleet Services’ 17th annual fleet passenger car maintenance study. More specifically, the company found that the average maintenance cost was $53.49 per vehicle per month in 2011, versus $55.89 in […] [Read More]

With Monday marking the last day of April, Kelley Blue Book thinks franchised dealers will have enjoyed a double-digit daily selling rate above the same month last year. KBB estimated April new-vehicle sales to reach 1,148,000 units, or 14.0 million seasonally adjusted sales rate. If the projection holds true, analysts contend it will account for […] [Read More]