Based on data Edmunds.com gave Auto Remarketing sister publication SubPrime Auto Finance News, there was a 363-basis-point differential between the state with the highest average APR and lowest for all transactions by franchised dealers reported to the site in February. Pacing the nation for this metric was Louisiana with an average APR of 6.19 percent […] [Read More]

If a customer arrives on your lot and plans on spending about $10,000 for a used car, a new list from Cars.com may provide you some marketing ammo to help explain why your used cars stands out from the rest. Editors with the site have listed their top 10 used cars recommended for consumers shopping […] [Read More]

Here’s a ratio that should make used-car managers smile about finding potential certified pre-owned inventory down the road. Experian Automotive said nearly one of every four new vehicles that left franchised dealer lots during the fourth quarter had a lease contract. To be exact, the leasing share of new-vehicle financing in Q4 increased to 24.79 […] [Read More]

“Dale, I’m starting to see my average days in inventory creep up. I had a strong January and decent February, so I’m a little surprised. What are you hearing from other dealers that might be causing this problem?” I asked the Chevrolet dealer in Michigan who posed this question to be more specific about the […] [Read More]

The American Recovery Association enhanced its fifth annual North American Repossessors Summit by expanding to a three-day event to include a lender and recovery agent golf tournament, more networking opportunities and more speakers — all focused on the power of performance. Running from April 25—27, ARA is anticipating 600 professionals from the collateral recovery and […] [Read More]

Only four of the 14 used truck segments that Black Book tracks saw their prices go up last week, and one of those categories was the compact crossover. The firm shared some interesting data points Tuesday morning to better illustrate just what has happened in this class, including why it has been so hot on […] [Read More]

Along with intending to seek an amendment to its credit agreement, KAR Auction Services announced the commencement of an underwritten offering of 13.0 million shares of its common stock by existing stockholder KAR Holdings II subject to market and other conditions. Officials explained as a part of Monday’s announcement that KAR Holdings II is controlled […] [Read More]

NextGear Capital hosted a ribbon-cutting ceremony Monday to usher in an addition to its corporate campus in Carmel, Ind. The company has expanded its campus with a new building designed to help it accommodate ongoing growth, it says. [Read More]

Do you work with an exceptional female colleague? Know any leading ladies in the industry? The deadline for Women in Remarketing nominations is approaching, and Auto Remarketing wants you to help us honor the top women leaders in the industry. The April 15-30 print edition of Auto Remarketing will contain a special section designed to […] [Read More]

Late last week, Kelley Blue Book provided Auto Remarketing a list of the 25 most-researched used vehicles on KBB.com for February. Topping the list was the Honda Civic, followed by the Honda Accord, Toyota Camry, Toyota Corolla and BMW 3 Series in spots two through five, respectively. Honda and Toyota each had three used vehicles […] [Read More]