We circle back to one of the most difficult challenges of the automotive business — repossessions — for the latest episode of the Auto Remarketing Podcast. Nick is joined by Cort DeHart, who is the corporate strategy manager with MBSi Corp. The conversation touches on how complicated repos can be and how the industry is […] [Read More]

U.S. News & World Report has released its list of the Best Used Cars for Teens, and three models from General Motors cracked the rankings.  The rankings can be a resource for parents in search of safe, dependable used-cars for their new drivers, the publication said.  “Just because you're looking for a used car for your teen […] [Read More]

AutoGravity has added another finance company to its online auto financing platform. Thanks to the partnership with Global Lending Services announced Tuesday, AutoGravity will have another lending option to offer its customers. Global Lending Services, meanwhile, will be able to utilize the AutoGravity platform to reach more potential customers digitally. “Every month, over 100,000 new […] [Read More]

The brighter the car color, the brighter its future retention. According to an iSeeCars.com analysis of 2.1 million used vehicles, yellow vehicles depreciated an average of just 27 percent in value after three years, and orange cars depreciated 30.6 percent. These school bus-inspired colors led the class, as they had the lowest depreciation rates among the […] [Read More]

Columbus Day Weekend car shopping activity was down this year, according to new data from Cox Automotive brands Dealer.com and Dealertrack. “Normally we see an increase in shopping behavior on holiday weekends, but on Columbus Day we saw a decrease,” Cox Automotive product analytics senior director James Grace said in a phone interview with Auto […] [Read More]

Online car leasing marketplace Honcker closed a seed financing round of $3.6 million on Thursday, and said it will now provide delivery to customers in eight states. Honcker plans to use the round, which was led by Evolution Corporate Advisors, to grow its dealership network, geographic footprint and customer base. Additionally, Honcker will use the […] [Read More]

While the alternative fuel segment has remained the leading category in shopper interest growth since January, consumers are also showing increased interest in full-size luxury sedans, according to the latest monthly share of shopper interest data from Jumpstart Automotive Media. The report reveals that shopper interest in full-size luxury sedans grew a notable 15 percent […] [Read More]

Triggered in part by online vehicle retail sales activity gaining steady momentum, Assurant made a $2.5 billion acquisition of The Warranty Group, which works with more than 5,600 dealerships selling F&I products such as vehicle service contracts and GAP insurance. Assurant highlighted in a news release announcing the move on Wednesday that The Warranty Group’s […] [Read More]

When it comes to social influence among automotive brands in the U.S, Tesla Motors and Toyota are a step ahead of many of their respective luxury and mass market competitors. This is according to Engagement Labs' latest TotalSocial ranking that measures brand performance among automotive brands in both face-to-face and social media conversations. The recent analysis follows the […] [Read More]

AutoGravity has expanded its dealer network development program with the appointment of Chuck Schofield as new vice president of dealer sales, the company announced Tuesday. Schofield most recently served as western region senior manager for Mercedes-Benz Financial Services where he managed the U.S. finance products and services sales unit and cultivated relationships with Mercedes-Benz and […] [Read More]